$1,049,000

1945 W VAN BUREN Street, Phoenix, AZ 85009

Multi-Family Home
Built in 1952
—— sqft lot
—— car garage
$——/sqft
Listed 1 year ago

Property Description

EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential: To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset. Don't let this rare investment opportunity slip awayact quickly, as it won't last long!

Listing Status:: Active
Date Added:: November 19, 2024
Data Last Updated:: May 20, 2026 at 9:06PM
Listing Office:: JM Realty : 480-785-5612
Listing Agent:: Joseph P Mahoney : 480-433-5792
MLS ID:: 6785949

Flooring: VinylConcrete
A/C: Other
Heating: Other

Parking: PavedOn StreetParking spaces: 13

Roofing: Tile
General: PaintedBlock

Road/Access: Asphalt
Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Phoenix Elementary District
County: Maricopa

Zoning: C310931103A

Water: City Franchise
Sewer: Public Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Joseph P Mahoney , JM Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.