Richard La Rue - Designated Broker
Courtesy of DeLex Realty
Property Description
Investor/developer opportunity in the heart of Phx. This 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 asset’s appeal. Ideal for investors seeking a stabilized income property with clear value-add and development upside in one of Phoenix’s fastest-growing submarkets. Home needs repairs.
Open House
Property Details and Features
-
Bathrooms
- 2 total bathrooms
- 2 full bathrooms
-
Bedrooms
- 4 total bedrooms
- 4 possible bedrooms
-
Building
- Built in 1930
- Living area: 1456.0
- 1 storey
-
Disclosures
- Other (See Remarks)
-
Home Owner’s Association
- Fee Includes: No Fees
-
Listing
- Listing ID: 7020596
- Standard Status: Active
- MLS Status: Active
- Property Subtype: Single Family Residence
- 128 days on market
- Special Conditions: N/A
-
Location
- Subdivision: AVENEL PARK
- County/Parish: Maricopa
-
Lot
- 0.22 acres
- None
-
Parking
- 1 carport spaces
- 1 covered spaces
- 2 open parking spaces
-
Possession
- Close Of Escrow
-
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
-
Sewer
- Public Sewer
-
Taxes
- Parcel Number: 119-29-014
- Public Survey Range: 3E
- Public Survey Section: 27
- Annual Amount: $2,769
- Tax Book Number: 119.00
- Legal Description: AVENEL PARK
- Lot: 4
- Map Number: 29.00
- Year: 2025
-
Utilities
- Water Source: City Water
Property Map
Street View
Market Trends for 85016, Phoenix, AZ
Nearby Schools
Oops! We could not locate your form.
Similar Properties Nearby
This content last updated on September 6, 2026 2:48PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
