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Jeff Dial

jd@jeffdial.com +1(480) 900-9180

$ 220,000

Est. payment | -/mo

2 Beds

Save

$ 220,000

Est. payment | -/mo

Save

2 Beds

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Capitol Addition

MLS Listing ID 7079408

Bedrooms 2

Year Built 1921

Annual Tax Amount $1,061

Tax Year 2025

Lot Dimensions 84.72 ft by 50.44 ft

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Rare Investment Opportunity: Prime Multi-Family Package in Phoenix
Unlock exceptional value with this versatile investment opportunity located in central Phoenix. Conveniently positioned with easy access to Downtown Phoenix, I-10, local dining, public transit, and major employment hubs.
This property is a brick duplex featuring 2 separate units, each configured as a 1-bed, 1-bath layout with a fireplace. Needs renovation-perfect for investors looking to add value, update finishes, and bring rents up to market rate to maximize monthly cash flow.
The adjacent vacant lot (2203 W JEFFERSON ST, Phoenix, AZ 85009), also zoned for multi-family residential (MLS 6871932), is being sold TOGETHER as a package deal. Develop the lot to build additional income-producing units and and expand your ren Develop the adjacent multi-family lot to build additional income-producing units and expand your rental portfolio.
Whether you are looking to fix-and-hold for steady passive income or develop the adjoining parcel for maximum yield, this dual-parcel opportunity is built for high returns.

Location

State AZ

County Maricopa

Community Capitol Addition

Area Maricopa

Zoning R-5

Direction Go East onJefferson St from I17, turn south on 22nd Avenue, duplex is on your right.

Interior

Heating Forced Air

Cooling Heat Pump

Flooring Carpet

Appliance None

Exterior

Parking Features None

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Mary Mcleod Bethune School

Middle Schools Mary Mcleod Bethune School

High Schools Metro Tech High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 109-48-096

Ownership Fee Simple

Acceptable Financing Conventional

Disclosures Seller Prop Disc Stm

Listing Terms Conventional

Listed by Russ Lyon Sotheby's International Realty • Dorette A. Oppong-Takyi

Nearby School & Business

+1(480) 900-9180

jd@jeffdial.com

17550 N Perimeter Dr # 100, Scottsdale, AZ 85255, United States

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108 S 22ND Avenue Phoenix, AZ 85009