2301 W Hayward Ave 3 Unit Apartment Building $850,000 ($283,333/Unit) Phoenix, AZ 85021

Capstone Realty Professionals is pleased to present the Hayward Avenue Portfolio, a unique income-producing residential investment opportunity in central Phoenix. The offering consists of three occupied residences situated on an approximately 0.82-acre corner site encompassing approximately 35,561 square feet and sold together as a single package. The property combines established residential rental income with substantial ancillary improvements, including an approximately 4,000-square-foot shop, additional covered work areas, extensive paved parking, and accommodations for vehicle, RV, and equipment storage.
The portfolio currently generates reported rental income from three residences with a mix of month-to-month and longer-term lease structures extending through 2027. This blend provides investors with both immediate cash flow and future flexibility. The residential improvements include updated interiors, renovated kitchens and bathrooms, durable flooring finishes, and practical single-level floor plans designed for long-term occupancy. One residence is currently leased through a City of Phoenix Housing Voucher Program contract, providing an additional source of income stability.
Beyond the residential component, the property's large shop and garage facilities distinguish it from traditional rental offerings. The improvements reportedly include multiple garage bays, covered work areas, substantial parking capacity, and space suitable for vehicle storage, equipment storage, workshop operations, or similar uses permitted under applicable regulations. The site is reported as being zoned R3, with certain existing uses noted as predating City of Phoenix annexation.
Located near 23rd Avenue and Northern Avenue with convenient access to Interstate 17, the portfolio benefits from connectivity to major employment, retail, and service corridors throughout central Phoenix. The combination of in-place income, significant site improvements, and a large land position creates a compelling opportunity for investors seeking both current revenue and future operational flexibility.