1015 S 1st Avenue, Phoenix, AZ 85003
- $699,900
- List Price
- $699,900
- Price Change
- ▼ $15,000 1778127798
- Days on Market
- 146
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 6992945
- City
- Phoenix
- Subdivision
- Montgomery
- Year Built
- 1936
Property Description
Exceptional 3-unit, garden-style investment opportunity offering a 9.23% gross CAP rate. The property features a thoughtfully reimagined front residence originally built in 1936 and fully renovated in 2024, along with a newly constructed rear ADU completed in 2024. The unit mix includes one (1) 3-bed/2-bath unit, (1) 2-bed/2bath unit, and (1) 2-bed/1-bath unit. Each residence offers fully upgraded interiors with white quartz countertops, luxury vinyl plank flooring, subway tile showers, stainless steel appliances, and in-unit washer and dryer. Recent exterior improvements include new stucco, dual-pane windows, new HVAC systems, a new roof, and ample on-site storage. Tenants also enjoy access to a spacious shared backyard area, creating a comfortable outdoor setting for residents. designed for shared outdoor living. Ideally situated in the Roosevelt Arts District, the property offers convenient access to Downtown Phoenix's thriving cultural venues, acclaimed dining, and premier entertainment destinations.
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Additional Information
- Elementary School
- Lowell Elementary School
- Middle School
- Phoenix #1 iAcademy
- Community Features
- Other
- Construction
- Block, Stucco
- Cooling
- Electric, Ceiling Fan(s)
- Electric
- APS
- Flooring
- Ceramic Tile
- Heating
- Central, Forced Air
- New Financing
- VA Loan, FHA, Conventional, No Carry, Cash
- Parking Features
- >1 Space Per Unit
- Roofing
- Built-Up
- Subdivision
- Montgomery
- Taxes
- $523
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 3
- Water
- City Franchise
- Zoning
- R5
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Listing courtesy of Jason Mitchell Real Estate.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.