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3801 N 23rd Dr
Phoenix, AZ 85015
Multifamily Property For Sale
·
4 Units
Investment Highlights
- R-3 zoning supports established multifamily use.
- Convenient access to Interstate 17 and Indian School Road.
- Located near major employment, retail, and service destinations.
Executive Summary
3801 N 23rd Drive presents a rare opportunity for an owner-occupant or investor to acquire a four-unit multifamily property in a desirable
central Phoenix location. Built in 1980, the property features four well-designed 2-bedroom, 1-bathroom units, each comprising approximately
730 square feet, along with a shared on-site laundry facility and four covered carport parking spaces. One unit is currently vacant, providing
an ideal opportunity for an owner-occupant to move in immediately while generating rental income from the remaining units, or for an investor
to lease the vacant unit and maximize occupancy. Conveniently located near the intersection of 23rd Drive and Indian School Road with quick
access to Interstate 17, the property is just minutes from shopping, dining, schools, public transportation, and major employment centers,
making it an excellent opportunity for both owner-users and long-term investors.
central Phoenix location. Built in 1980, the property features four well-designed 2-bedroom, 1-bathroom units, each comprising approximately
730 square feet, along with a shared on-site laundry facility and four covered carport parking spaces. One unit is currently vacant, providing
an ideal opportunity for an owner-occupant to move in immediately while generating rental income from the remaining units, or for an investor
to lease the vacant unit and maximize occupancy. Conveniently located near the intersection of 23rd Drive and Indian School Road with quick
access to Interstate 17, the property is just minutes from shopping, dining, schools, public transportation, and major employment centers,
making it an excellent opportunity for both owner-users and long-term investors.
Property Facts
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.41% | Building Size | 2,922 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1980 |
| Apartment Style | Garden | Parking Ratio | 1.37/1,000 SF |
| Zoning | R-3 - residential | ||
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 6.41% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 2,922 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | R-3 - residential |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 730 |
Property Taxes
| Parcel Number | 110-04-017 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $12,071 |
Property Taxes
Parcel Number
110-04-017
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$12,071
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