3801 N 23rd Dr - Apartments FOR SALE


Phoenix, AZ 85015- Midtown Phoenix
$699,000 USD
602-851-7677
3801 N 23rd Dr, Phoenix, AZ for Sale
$699,000 USD
Apartments - FOR SALE
1/17
null | 6.88% Cap Rate

3801 N 23rd Dr
Phoenix, AZ 85015
Midtown Phoenix


HIGHLIGHTS

  • R-3 zoning supports established multifamily use.
  • Located near major employment, retail, and service destinations.
  • Convenient access to Interstate 17 and Indian School Road.

OVERVIEW

3801 N 23rd Drive presents a rare opportunity for an owner-occupant or investor to acquire a four-unit multifamily property in a desirable central Phoenix location. Built in 1980, the property features four well-designed 2-bedroom, 1-bathroom units, each comprising approximately 730 square feet, along with a shared on-site laundry facility and four covered carport parking spaces. One unit is currently vacant, providing an ideal opportunity for an owner-occupant to move in immediately while generating rental income from the remaining units, or for an investor to lease the vacant unit and maximize occupancy. Conveniently located near the intersection of 23rd Drive and Indian School Road with quick access to Interstate 17, the property is just minutes from shopping, dining, schools, public transportation, and major employment centers, making it an excellent opportunity for both owner-users and long-term investors.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$239 USD /SF

# OF UNITS

4

PRICE/UNIT

$174,750

CAP RATE

6.88%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R-3

APN/PARCEL ID

110-04-017

ASK ABOUT THIS PROPERTY

Blake MalleryCOMPASSMore Info
602-851-7677

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Blake MalleryCOMPASSMore Info
602-851-7677

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