1945 W Van Buren St Phoenix, AZ 85009
Central City NeighborhoodEstimated payment $7,545/month
Total Views
3,785
--
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!
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
- Paved Parking
- On-Street Parking
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
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/09/2025 08/09/25 | For Sale | $1,295,000 | 0.0% | -- |
| 07/25/2025 07/25/25 | Off Market | $1,295,000 | -- | -- |
| 07/24/2025 07/24/25 | For Sale | $1,295,000 | 0.0% | -- |
| 06/27/2025 06/27/25 | Off Market | $1,295,000 | -- | -- |
| 06/05/2025 06/05/25 | Price Changed | $1,295,000 | -4.1% | -- |
| 06/04/2025 06/04/25 | For Sale | $1,350,000 | 0.0% | -- |
| 05/19/2025 05/19/25 | Pending | -- | -- | -- |
| 05/13/2025 05/13/25 | Price Changed | $1,350,000 | +4.2% | -- |
| 05/07/2025 05/07/25 | Price Changed | $1,295,000 | -4.1% | -- |
| 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)
Similar Home in Phoenix, AZ
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6785949
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.
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
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