2041 E Michigan Ave - Apartments FOR SALE


Phoenix, AZ 85022- Paradise Valley North
$995,000 USD
602-663-5753
2041 E Michigan Ave, Phoenix, AZ for Sale
$995,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

2041 E Michigan Ave
Phoenix, AZ 85022
Paradise Valley North


HIGHLIGHTS

  • Two detached homes on one parcel with no HOA restrictions
  • Contemporary design with quartz countertops and peninsula kitchens
  • Energy-efficient construction with R-19 wall and spray foam attic insulation
  • Spacious private backyards measuring approximately 30' x 40'
  • Ideal for owner-occupants, investors, or multi-generational living
  • Located in a well-connected East Michigan Avenue neighborhood

OVERVIEW

The homes are identical in design. 1,600 SF, 2 stories, 3 Bedroom, 2.5 Baths, 2 car garage. Modern Kitchen with Peninsula style layout, quartz countertops. Laminate Flooring and Oversized backyard of 30 x 40 ready for customization. You can run these as AIR BNB's or however you wish at this point. This 6600 SF lot (60 x 110) has 2 New Build Construction Single Family Homes on the 1 lot. 1 APN number. Buy both, rent out 1, live in 1. You wont need an HOA, you can create your own. See the video for a quick view and then schedule your own tour. These 2 are the first of 6 and will be ready in January of 2026.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

2

PRICE/UNIT

$497,500

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

High Density

APN/PARCEL ID

214-71-152

ASK ABOUT THIS PROPERTY

Scot WendorfSource RE ServicesMore Info
602-663-5753

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Scot WendorfSource RE ServicesMore Info
602-663-5753

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.