1538 W Mckinley Street, Phoenix, AZ 85007
- $624,900
- 4
- BD
- 3
- BA
- List Price
- $624,900
- Days on Market
- 8
- Status
- ACTIVE
- MLS#
- 7081271
- City
- Phoenix
- Bedrooms
- 4
- Bathrooms
- 3
- Subdivision
- Homestead Place
- Year Built
- 1931
Property Description
Turnkey triplex opportunity near the Roosevelt Arts District! This updated multifamily property offers an attractive combination of modern interiors, private outdoor space and features designed for strong tenant appeal. Currently generating $3,700/month in gross rents. The property consists of three individually accessed residences, including a 2-bedroom/1-bath unit and two 1-bedroom/1-bath units. Interiors have been extensively updated with wood-look tile flooring, white shaker cabinetry, quartz countertops, stainless-steel appliances and beautifully finished walk-in tile showers. Each residence also offers the convenience of an IN UNIT WASHER / DRYER and dishwasher features that help set these units apart from many competing rentals. Outside, residents enjoy private fenced yard/patio areas, low-maintenance desert landscaping and off-street parking, including two covered parking spaces at the rear. Two of the three units received newer HVAC systems as part of the prior renovation. With three separate residences, updated finishes and a central Phoenix location near Downtown, Roosevelt Row and major employment, dining and entertainment destinations, this property offers an excellent opportunity for an investor looking to add a renovated multifamily asset to their portfolio.
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Additional Information
- Elementary School
- Capitol Elementary School
- High School
- Central High School
- Middle School
- Capitol Elementary School
- Community Features
- No Pool
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Electric, Ceiling Fan(s)
- Electric
- APS
- Flooring
- Ceramic Tile
- Heating
- Electric
- New Financing
- Conventional, 1031 Exchange, No Carry
- Parking Features
- Carport
- Roofing
- Composition
- Subdivision
- Homestead Place
- Taxes
- $3,311
- Tax Year
- 2025
- Tenant Pays
- Water, Sewer, Electricity, Trash Collection, Cable TV
- Units
- 3
- Water
- Master Meter
- Zoning
- R5
Courtesy of Realty Executives Arizona Territory. 602-755-8556
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