Property Description

**GARFIELD DISTRICT** is culturally-rich, w/HISTORICAL significance, mixed w/CONTEMPORARY community-life, PERFECTLY located IN-THE-HEART-OF-DOWNTOWN-PHOENIXs urban-landscape**EXCEPTIONAL-OPPORTUNITY** (2) units are 1 bd/1 bath & (2) units are Studio-flats~ALL units have GAS ranges, & FULL size STACKABLE washer/dryers~Units are submetered for Electric and Gas which Tenants pay~Each unit has Central air-conditioning systems~Duplexes & 4-Plexes in the area are selling upwards of $850K and vacant-lots in the area are listed over $1 million~This HISTORIC property was built-in 1960 & has been renovated throughout the years, it holds STRONG, cash-flow and LONG-TERM appreciation potential~This 4-Plex is A HIDDEN-GEM located in the reimagined, downtown, Phoenix, BOOMING rental-market! Located in the Garfield Historic District, one of the most desirable and rapidly evolving areas near Downtown Phoenix, this well-maintained 4-plex offers strong cash flow and long-termappreciation potential.Property Highlights:4 total units(2) One-Bedroom / One-Bath units(2) Studio unitsCentral air conditioning in all unitsGas rangesFull-size stackable washer/dryers in each unitElectric and gas sub-metered (tenants pay utilities)Renovated and maintained over the yearsInvestment Highlights:Strong potential rental-yield (7%)Located minutes from downtown employment, hospitals, universities, and entertainmentHigh demand rental market in central PhoenixComparable duplexes and four-plexes in the area selling over $800KNearby redevelopment and vacant land listings exceeding $1MValue-Add PotentialOpportunity to increase rents over time in a rapidly appreciating neighborhoodPotential to further enhance units for additional upsideDesirable location for long-term rental demandLocation:Situated in the vibrant Garfield neighborhood, known for its historic charm, arts community, andproximity to downtown Phoenix, the property benefits from continued urban revitalization and strongtenant demand. Ideal for investors seeking cash flow + appreciation potential in one of Phoenixs most dynamic central neighborhoods.

Property Features

Local Schools