1945 West VAN BUREN Street Phoenix, AZ 85009

$1,049,000
$1,049,000
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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!

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!

  • Neighborhood
  • Type
  • County
    Maricopa
  • Area
    Phoenix
  • Tax Amount
    $6,034
  • Status
    Active
  • Listing #
    6785949
  • Built
    1952
  • Listed on site
    561 days
  • Listing Agent Phone
    480-433-5792

Listed by:
JM Realty

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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Community Features

  • No HOA
  • Not Age Restricted

Exterior features

  • No Pool

Property History

DateDays AgoEventNew Price
May 6, 202628 days agoPrice decreased50,900 (5%)$1,049,000
Feb 6, 20264 mos agoPrice decreased49,100 (4%)$1,099,900
Jan 15, 20265 mos agoPrice decreased50,900 (4%)$1,149,000
Dec 2, 20256 mos agoPrice decreased50,000 (4%)$1,199,900
Sep 24, 20258 mos agoPrice decreased45,100 (3%)$1,249,900
Jun 10, 202512 mos agoPrice decreased55,000 (4%)$1,295,000
May 13, 20251 yr agoPrice increased55,000 (4%)$1,350,000
May 8, 20251 yr agoPrice decreased55,000 (4%)$1,295,000
Mar 5, 20251 yr agoPrice decreased45,000 (3%)$1,350,000
Jan 28, 20251 yr agoPrice decreased100,000 (7%)$1,395,000
Dec 19, 20241 yr agoPrice decreased40,000 (3%)$1,495,000
Nov 19, 20242 yrs agoNew on market$1,535,000
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