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2041 E Michigan Ave 2 Unit Apartment Building $995,000 ($497,500/Unit) Phoenix, AZ 85022
Investment Highlights
- Two detached homes on one parcel with no HOA restrictions
- Energy-efficient construction with R-19 wall and spray foam attic insulation
- Ideal for owner-occupants, investors, or multi-generational living
- Contemporary design with quartz countertops and peninsula kitchens
- Spacious private backyards measuring approximately 30' x 40'
- Located in a well-connected East Michigan Avenue neighborhood
Executive Summary
The homes are identical in design. 1,600 SF, 2 stories, 3 Bedroom, 2.5 Baths, 2 car garage. Modern Kitchen with Peninsula style layout, quartz countertops. Laminate Flooring and Oversized backyard of 30 x 40 ready for customization. You can run these as AIR BNB's or however you wish at this point.
This 6600 SF lot (60 x 110) has 2 New Build Construction Single Family Homes on the 1 lot. 1 APN number. Buy both, rent out 1, live in 1. You wont need an HOA, you can create your own.
See the video for a quick view and then schedule your own tour. These 2 are the first of 6 and will be ready in January of 2026.
This 6600 SF lot (60 x 110) has 2 New Build Construction Single Family Homes on the 1 lot. 1 APN number. Buy both, rent out 1, live in 1. You wont need an HOA, you can create your own.
See the video for a quick view and then schedule your own tour. These 2 are the first of 6 and will be ready in January of 2026.
Property Facts
| Price | $995,000 | Building Class | B |
| Price Per Unit | $497,500 | Lot Size | 0.15 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| No. Units | 2 | Building Size | 3,200 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Single-Family Home | ||
| Zoning | High Density - The properties per zoning allow for the construction on 2 units on each lot, so we have 2 single family homes on each lot. | ||
| Price | $995,000 |
| Price Per Unit | $497,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.15 AC |
| Construction Status | Under Construction |
| Building Size | 3,200 SF |
| No. Stories | 2 |
| Year Built | 2026 |
| Zoning | High Density - The properties per zoning allow for the construction on 2 units on each lot, so we have 2 single family homes on each lot. |
1 1
Property Taxes
| Parcel Number | 214-71-152 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,685 |
Property Taxes
Parcel Number
214-71-152
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,685
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2041 E Michigan Ave
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