Investor/developer opportunity in the heart of Phoenix. This remodeled home is currently set up as a duplex. It features two 2/1 units, both currently leased, delivering immediate and stable cash flow. The property sits on a generously sized lot with favorable multifamily zoning, offering significant potential to build additional units or redevelop for higher density (buyer to verify).Positioned in a high-demand rental corridor near Arcadia Lite and Biltmore Fashion Park, the location supports strong tenant demand and long-term appreciation. Easy access to major freeways, employment hubs, dining, and retail adds to the assets appeal.Ideal for investors seeking a stabilized income property with clear value-add and development upside in one of Phoenixs fastest-growing submarkets
Listed By
Agency Name: DeLex Realty
Agency Phone: 602-910-3002
Shown By
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
Estimated Payment
$ 1,527.13 per month $1,146.17 Principal & Interest $230.75 Property Tax $150.21 Homeowner's Insurance
1652 E Indianola Avenue | MLS# 7020596
This single family home located at 1652 E Indianola Avenue, Phoenix, AZ 85016 is currently listed for sale with an asking price of $515,000. This property was built in 1930 and has 2 bedrooms with 1456 sq. ft. E Indianola Avenue is located in the AVENEL PARK subdivision within the Phoenix Union High School District school district. Search AVENEL PARK real estate on www.arizonabest.com today.