5035 N 23rd Ave Phoenix, AZ 85015
Alhambra NeighborhoodEstimated payment $9,665/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heating System Uses Natural Gas
- Phoenix Coding Academy Rated A
About This Home
This Uptown PHX 9 unit complex is spread out on close to a 25,000 sf lot with R-3 zoning. Nice pocket north of Camelback Rd. 1 mile east of GCU & 1/2 mile east of the I-17. The complex is buffered by the SRP-Westwood substation to the west, a newly-built fire station to the south, & owner-occupied properties on the same block. Hard to find SELLER FINANCING available, but not required (6% interest-only with 30% down). Fully upgraded & fully stabilized with close to a 7 CAP (based on the 2025 P&L of $122,000 NOI). Seven total buildings. The unit mix consists of (2) two bedroom units; (4) one bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. These units could be re-positioned for GCU students or short-term rentals. DND residents.
Listing Agent
Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 03/02/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,272
Year Built
- Built in 1958
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Flooring
- Ceramic Tile Flooring
Parking
- 14 Open Parking Spaces
- 14 Parking Spaces
- Paved Parking
- Assigned Parking
Schools
- Central High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Heat Pump System
Listing and Financial Details
- The owner pays for water, sewer, trash collection, landscaping
- Tax Lot 4
- Assessor Parcel Number 153-25-053
Community Details
Overview
- 7 Buildings
- 9 Units
- Building Dimensions are .556 acres
- Camelback Gardens Subdivision
Building Details
- Operating Expense $48,981
- Gross Income $171,283
- Net Operating Income $122,302
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,272 | $39,667 | -- | -- |
| 2024 | $5,725 | $37,778 | -- | -- |
| 2023 | $5,725 | $40,300 | $17,120 | $23,180 |
| 2022 | $5,432 | $35,330 | $14,190 | $21,140 |
| 2021 | $5,499 | $42,520 | $21,920 | $20,600 |
| 2020 | $5,282 | $33,020 | $12,340 | $20,680 |
| 2019 | $5,217 | $29,600 | $9,870 | $19,730 |
| 2018 | $4,998 | $29,860 | $9,790 | $20,070 |
| 2017 | $4,937 | $28,780 | $8,310 | $20,470 |
| 2016 | $4,725 | $26,600 | $5,750 | $20,850 |
| 2015 | $4,680 | $26,480 | $6,120 | $20,360 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/02/2026 03/02/26 | For Sale | $1,780,000 | +122.5% | -- | |
| 12/22/2022 12/22/22 | Sold | $800,000 | -3.0% | -- | View Prior Sale |
| 11/08/2022 11/08/22 | Pending | -- | -- | -- | |
| 11/01/2022 11/01/22 | For Sale | $825,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6993194
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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- 2302 W Colter St Unit SI ID1244359P
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- 2223 W Georgia Ave Unit SI ID1244361P
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Ask me questions while you tour the home.