$1,350,000
$185K PRICE DROP

1945 W Van Buren St Phoenix, AZ 85009

Central City Neighborhood

Estimated payment $8,038/month

Total Views 3,226
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

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 Agent

Joseph Mahoney

JM Realty License #BR561411000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,034

Year Built

  • Built in 1952

Home Design

  • Tile Roof
  • Block Exterior

Flooring

  • Concrete
  • Vinyl

Parking

  • 9 Open Parking Spaces
  • 13 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 109-31-103-A

Community Details

Overview

  • 4 Buildings
  • 22 Units
  • Building Dimensions are 91 x 161
  • Capitol Addition Subdivision

Building Details

  • Operating Expense $6,034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,034

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Cross Street: 19th Ave and Van Buren
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: C3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1952
  • Tax Year: 2024
  • Directions: West on Van Buren to the property on the SEC of 20th and Van Buren
  • Road Surface Type: Asphalt
  • Subdivision Name: CAPITOL ADDITION
  • Tax Parcel Letter: A
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Tile
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, On Street
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 13.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 13.0
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 91 x 161
  • Additional Parcels: No
  • Parcel #: 109-31-103-A

Multi Family

  • Owner Pays: Electricity, Water
  • Number Of Units Total: 22
  • Annual Operating Expense: 6034.0

Tax Info

  • Tax Annual Amount: 6034.0
  • Tax Book Number: 109.00
  • Tax Lot: 11

Map

Range of Values:

Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Price Changed $1,350,000 -3.2% --
01/24/2025 01/24/25 Price Changed $1,395,000 -6.7% --
12/19/2024 12/19/24 Price Changed $1,495,000 -2.6% --
11/19/2024 11/19/24 For Sale $1,535,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6785949

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85009 Central City

1945 W Van Buren St, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 1945 W Van Buren St, Phoenix, AZ 85009 and is currently priced at $1,350,000. This property was built in 1952. 1945 W Van Buren St is a home located in Maricopa County with nearby schools including Mary Mcleod Bethune School, Phoenix Coding Academy, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Joseph Mahoney
Listing Agent
Joseph Mahoney
Section Image
JM Realty
(480) 785-5612