1015 S 1ST Avenue, Phoenix, AZ 85003
1015 S 1ST Avenue, Phoenix, AZ 85003
1015 S 1ST Avenue, Phoenix, AZ 85003
1015 S 1ST Avenue, Phoenix, AZ 85003
1015 S 1ST Avenue, Phoenix, AZ 85003
1015 S 1ST Avenue, Phoenix, AZ 85003
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Montgomery

MLS Listing ID 6992945

Year Built 1936

Annual Tax Amount $523

Tax Year 2025

Lot Dimensions 134'x50'

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Exceptional 3-unit, garden-style investment opportunity offering a 9.23% gross CAP rate. The property features a thoughtfully reimagined front residence originally built in 1936 and fully renovated in 2024, along with a newly constructed rear ADU completed in 2024. The unit mix includes one (1) 3-bed/2-bath unit, (1) 2-bed/2bath unit, and (1) 2-bed/1-bath unit. Each residence offers fully upgraded interiors with white quartz countertops, luxury vinyl plank flooring, subway tile showers, stainless steel appliances, and in-unit washer and dryer. Recent exterior improvements include new stucco, dual-pane windows, new HVAC systems, a new roof, and ample on-site storage. Tenants also enjoy access to a spacious shared backyard area, creating a comfortable outdoor setting for residents. designed for shared outdoor living.

Ideally situated in the Roosevelt Arts District, the property offers convenient access to Downtown Phoenix's thriving cultural venues, acclaimed dining, and premier entertainment destinations.

Location

State AZ

County Maricopa

Community Montgomery

Area Maricopa

Zoning R5

Direction From 7th Street - Turn West onto Buckeye Rd - Turn North onto 1st Street. 2nd House (3rd Lot) on Right.

Interior

Heating Forced Air, Central

Cooling Ceiling Fan(s), Electric

Flooring Ceramic Tile

Appliance Disposal, Dishwasher, Refrigerator, Free-Standing Gas Oven, Microwave, Washer/Dryer

Exterior

Parking Features >1 Space Per Unit

Community Features Other

Roof Type Built-Up

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Lowell Elementary School

Middle Schools Phoenix #1 Iacademy

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 112-24-105

Acceptable Financing No Carry, Conventional, FHA, VA Loan

Disclosures None

Listing Terms No Carry, Conventional, FHA, VA Loan

Arizona Regional MLS (ARMLS)
Listed by Jason Mitchell Real Estate • Robert Babineau

Nearby Locations

GET MORE INFORMATION

Name

Name

Phone*

Phone

Message

Message
Kasandra Chavez

+1(928) 910-7401

kasandra@chavezdreamhometeam.com

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1015 S 1ST Avenue