2719 W MARYLAND Avenue, Phoenix, AZ 85017 (MLS# 7043158)

2719 W MARYLAND Avenue, Phoenix, AZ 85017

$1,385,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,385,000 Last Modified: 6/17/2026

Overview

Description

Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.

Listing Details MLS# 7043158

Location, Tax & Legal

House Number: 2719
Compass: W
Street Name: MARYLAND
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 1267
Country: US
County Code: Maricopa
Subdivision: AMBASSADOR HTS 9-14
Assessor Number: 152-14-014-A
Tax Year: 2025
Assessor's Map #: 14
Legal Description (Abbrev): AMBASSADOR HTS PT LOT 4 E2 LOT 4 EX W 267.81' & EX S 150F & EX E 300F TH/OF & EX N 30F RD
Assessor's Parcel #: 14
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 106900
Taxes: 2493
Legal: AMBASSADOR HTS PT LOT 4 E2 LOT 4 EX W 267.81' & EX S 150F & EX E 300F TH/OF & EX N 30F RD
Marketing Name: Maryland

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 152 X 60
Year Built: 1971
Uncvrd Parking Spcs: 12
Total # of Units: 8
# of Buildings: 2
Zoning: R-3
Flood Zone: No
High School District: Glendale Union High School District

Remarks Misc

Cross Street: Glendale and 27th Avenue

Legal Info

Township: 2N
Range: 2E
Section: 11
Lot Number: 4

Income Expenses

Gross Annual Sch Inc: 127128
Net Operating Income: 108345

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

Efficiency Units

# Efficiency Units: Yes
Avg Rent: 950
Avg SqFt: 415
# Baths: Yes

1 Bedroom Units

# 1 Bedroom Units: 5
Avg Rent: 1354
Avg SqFt: 550
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1425
Avg SqFt: 650
# Baths: Yes

Project Type

5 - 12 Units: Yes

Construction

Block: Yes
Wood Frame: Yes

Const - Finish

Painted: Yes

Roofing

Built-Up: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 3000
Annual Gas Exp: 360
Annual Ins Exp: 4774
Annual Landscape Exp: 1488
Annual Trash Exp: 1872
Annual Wtr/Swr Exp: 3000
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 16987
Other Income: 4560
Vacancy Allowance: 0.05

Pmt & Rate Info

Cap Rate: 7.82
Equity: 1385000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
See Remarks: Yes

Cooling

Electric: Yes
Individual: Yes

Exterior Amenities

Partially Fenced: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Other: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

1 Space/Unit: Yes
Paved: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes
Other (See Remarks): Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
Cash to Loan: Yes
Conventional: Yes
1031 Exchange: Yes
Other (See Remarks): Yes

Existing 1st Loan

Conventional: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 3rd Loan

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Block; Wood Frame Const - Finish: Painted Roofing: Built-Up Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Partially Fenced Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave; Other Heating: See Remarks Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas; Other (See Remarks) Parking Features: 1 Space/Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional Existing 2nd Loan: Other (See Remarks) Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; Cash to Loan; Conventional; 1031 Exchange; Other (See Remarks) Environmental: None

Listing Office: Matthews Real Estate Investment Services

Last Updated: June - 17 - 2026