2719 W Maryland Ave - Apartments FOR SALE


Phoenix, AZ 85017- North Phoenix
$1,325,000 USD
949-533-5594
2719 W Maryland Ave, Phoenix, AZ for Sale
$1,325,000 USD
Apartments - FOR SALE
1/12
null | 8.18% Cap Rate

2719 W Maryland Ave
Phoenix, AZ 85017
North Phoenix


HIGHLIGHTS

  • 8-unit multifamily | Built 1958 | Extensively renovated 2025–2026
  • Over $400,000 in capital improvements — new roof, electrical, sewer & plumbing
  • Fully renovated unit interiors — turnkey asset, minimal near-term capex
  • Current gross rent $10,594/month | 8.18% cap rate | 100% occupied
  • Immediate access to I-17 | Minutes to Downtown Phoenix
  • Near Grand Canyon University, light rail & transit, and major employment hubs

OVERVIEW

Matthews™ is pleased to present 2719 W Maryland Ave, an extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 2719 W Maryland Ave represents a rare opportunity to acquire a stabilized, cash-flowing apartment community with extensive recent renovations, strong in-place operations, and excellent access to key transportation corridors and neighborhood amenities within one of Phoenix’s most active rental submarkets. Broker Of Record David Harrington Matthews Real Estate Investment Services, Inc BR715518000, CO701910000 (AZ) 4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251 (866) 889-0550

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

8

PRICE/UNIT

$165,625

CAP RATE

8.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2719 W Maryland Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C-2

APN/PARCEL ID

152-14-014A

ASK ABOUT THIS PROPERTY

Brad SkenderianMatthews Real Estate Investment ServicesMore Info
949-533-5594

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Brad SkenderianMatthews Real Estate Investment ServicesMore Info
949-533-5594

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