$3,300,000

2234 W HAZELWOOD Street, Phoenix, AZ 85015

Multi-Family Home
Built in 1985
—— sqft lot
—— car garage
$——/sqft
Listed 3 months ago

Property Description

Hazelwood Apartments is a 24-unit garden-style community built in 1970 in Central Phoenix, featuring (8) one-bedroom and (16) two-bedroom units, all individually metered for electricity. Amenities include on-site laundry and 34 parking spaces. Twenty-five percent of the units are subject to a HUD LURA through 2030, requiring income-qualified tenants and restricted rents, while the remaining units operate at market rates. Located near the light rail corridor, GCU, and major employment centers, the property benefits from infill development and strong rental demand. Light value-add potential exists through interior upgrades, enhanced curb appeal, and modernization of common areas, supporting long-term stability and operational upside.

Listing Status:: Active
Date Added:: December 8, 2025
Data Last Updated:: April 2, 2026 at 7:07AM
Listing Office:: ABI Multifamily : 602-714-1400
Listing Agent:: Andrew Arambula : 602-714-8994
MLS ID:: 6955610

Flooring: TileLaminate
A/C: Central AirElectric
Heating: Electric

Parking: >1 Space Per UnitParking spaces: 34

Roofing: Composition
General: Steel FrameWood FrameStucco

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

Zoning: R-415414131

Water: City Franchise
Sewer: Public Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Andrew Arambula , ABI Multifamily

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

Westwood Elementary School

4711 N 23rd Ave, Phoenix, AZ, 85015

Grades KG-5

0.16 miles away

Choice Learning Academy

5330 N 23rd Ave, Phoenix, AZ, 85015

Grades 6-8

0.82 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.