BEDS0
BATHS
MLS#7033404
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONDENTON TRACT
SCHOOLPhoenix Union High School District
Property Description
The Gem on Missouri is a 29-unit multifamily community positioned in the highly desirable Midtown Phoenix submarket. Located at 1623 & 1625 W Missouri Ave, the property was originally constructed in 1963 and spans approximately ±22,400 square feet, with an average unit size of ±772 SF, offering efficient and functional floor plans that appeal to a broad renter base. The property is currently achieving average rents of approximately $1,074, below market comparables averaging $1,317, representing upside of approximately $243 per unit. The asset has already undergone comprehensive interior renovations, including upgraded finishes and in-unit washer and dryer across all units, positioning this as primarilyoperational value-add opportunity
Property Features
Property Type: Multi Unit - Multiple
Cooling: Varies by Unit, Ceiling Fan(s)
Heating: Other
Roof Type: Composition
Taxes: $4,064
Year Built: 1964
Feature Descriptions
Community Features: Pool, Exercise Room, Barbecue
Days on Site: 1
Exterior: Block, Painted
Exterior: Sidewalk(s)
Parking: Open, 1 Space/Unit, Paved, Carport
Swimming Pool: Yes
Water: Master Meter
Local Schools
Elementary School: Solano School
School District: Phoenix Union High School District
Listed By / Shown By
Listed By
Agency Name: Matthews Real Estate Investment Services
Agency Phone: 310-388-0788
Shown By
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
Estimate Your Payment
Estimated Payment
$ 11,540.35 per month $9,903.77 Principal & Interest $338.67 Property Tax $1,297.92 Homeowner's Insurance
1623 W Missouri Avenue | MLS# 7033404
This multi-family property located at 1623 W Missouri Avenue, Phoenix, AZ 85015 is currently listed for sale with an asking price of $4,450,000. W Missouri Avenue is located within the Phoenix Union High School District school district. Search Phoenix real estate on www.arizonabest.com today.