Richard La Rue - Designated Broker
Courtesy of DeLex Realty
Property Description
Located in the heart of Phoenix, this fully remodeled 3-bedroom, 2-bath home offers an exceptional opportunity for both investors and developers. Situated on a generously sized lot, the property provides significant potential for expansion, including the possibility of building multiple units–ideal for maximizing long-term value and cash flow. The home itself has been thoughtfully updated and is currently tenant-occupied, offering immediate rental income from day one. Whether you’re looking to hold as a performing asset or redevelop, the flexibility here is a major advantage. Positioned in a rapidly growing area near Arcadia Lite and just minutes from Biltmore Fashion Park, you’ll enjoy close proximity to some of the city’s best dining, shopping, and entertainment. DEVELOPERS WELCOME!
Open House
Property Details and Features
-
Appliances & Equipment
- Dryer
- Washer
- Refrigerator
- Built-in Microwave
- Dishwasher
- Disposal
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Bathrooms
- 2 total bathrooms
- 2 full bathrooms
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Bedrooms
- 3 total bedrooms
- 3 possible bedrooms
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Building
- Built in 1944
- Living area: 1584.0
- 1 storey
- Construction Materials: Block
-
Cooling
- Central Air
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Disclosures
- Agency Discl Req
- Seller Discl Avail
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Fence
- Chain Link
- Wood
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Floors
- Vinyl
-
Home Owner’s Association
- Fee Includes: No Fees
-
Interior Features
- Double Vanity
- Eat-in Kitchen
- Pantry
- 3/4 Bath Master Bdrm
- Laminate Counters
-
Laundry
- Inside
-
Listing
- Listing ID: 7020588
- Standard Status: Active
- MLS Status: Active
- Property Subtype: Single Family Residence
- 128 days on market
- Special Conditions: N/A
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Location
- Subdivision: AVENEL PARK
- County/Parish: Maricopa
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Lot
- 0.26 acres
- Dirt Front
- Dirt Back
-
Parking
- 2 carport spaces
- 2 covered spaces
- 2 open parking spaces
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Possession
- Subject To Tenant Rights
-
Roof
- Composition
-
Schools
- Elementary School: Loma Linda Elementary School
- Elementary School District: Creighton Elementary District
- Middle School: The Creighton Academy
- High School: Camelback High School
- High School District: Phoenix Union High School District
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Sewer
- Public Sewer
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Taxes
- Parcel Number: 119-29-012-A
- Public Survey Range: 3E
- Public Survey Section: 27
- Annual Amount: $2,699
- Tax Book Number: 119.00
- Legal Description: AVENEL PARK MCR 22-2 LOT 2 BLK 2 TOG W/TH PT N 5F INDEPENDENCE ST (AKA INDIANOLA AVE)LY BTWN TH SLY
- Lot: 2
- Map Number: 29.00
- Parcel Letter: A
- Year: 2025
-
Utilities
- Water Source: City Water
-
Windows
- Screens
Property Map
Street View
Market Trends for 85016, Phoenix, AZ
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This content last updated on September 6, 2026 3:18PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
