5035 N 23rd Avenue, Phoenix, AZ 85015
- $1,699,000
- 11
- BD
- 9
- BA
- List Price
- $1,699,000
- Price Change
- ▼ $81,000 1776485855
- Days on Market
- 193
- Status
- ACTIVE
- MLS#
- 6993194
- City
- Phoenix
- Bedrooms
- 11
- Bathrooms
- 9
- Subdivision
- Camelback Gardens
- Year Built
- 1958
Property Description
Uptown PHX 9-unit complex spread out over close to a 25,000-sf lot with R-3 zoning. 7.2 CAP off 2025 P&L w/ 100% occupancy. Nice pocket north of Camelback Road, 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down in 1st position only). Fully upgraded & fully stabilized. 2025 P&L of $122,000 NOI. Seven buildings. The unit mix consists of (2) two-bedroom units; (4) one-bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. Over $250,000 in renovations just a few years ago.
/u.realgeeks.media/thekaygrantteam/header.png)
Additional Information
- High School
- Central High School
- Community Features
- No Pool, Other, See Remarks
- Construction
- Block, Wood Frame, Painted, Stucco
- Cooling
- Heat Pump, Other, Electric, See Remarks
- Electric
- SRP
- Exterior Features
- Sidewalk(s)
- Flooring
- Ceramic Tile, Other
- Heating
- Electric, Natural Gas, Heat Pump, Other
- New Financing
- Conventional, Other (See Remarks), Owner May Carry, Cash
- Parking Features
- Open, Paved, >1 Space Per Unit, Assigned, Off Street
- Roofing
- Composition, Rolled/Hot Mop
- Sewer
- Sewer-In & Connected, See Remarks
- Subdivision
- Camelback Gardens
- Taxes
- $6,272
- Tax Year
- 2025
- Tenant Pays
- Electricity, See Remarks
- Units
- 9
- Water
- City Franchise, See Remarks
- Zoning
- R3
Courtesy of Better Homes & Gardens Real Estate SJ Fowler. 480-649-3536
Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.