4206 N 23RD Avenue, Phoenix, AZ 85015

$975,000
Property Type: Multiple Dwellings Bedrooms: 12 Baths: 7 Status: Closed
Current Price: $975,000 Last Modified: 8/28/2026

Overview

Description

Value add potential and opportunity in this 8 unit property. All tenants are long term and month to month with under market rents. One unit is being used for storage and is not occupied. Tenants share a washer/dryer in a separate room next to the maintenance closet. No photos available on the interior of the property and interior condition is unknown and cannot be viewed without an accepted LOI or contract. All facts and figures are approximate buyer verify MLS information. Drive by only.

Listing Details MLS# 6681040

Location, Tax & Legal

House Number
4206
Compass
N
Street Name
23RD
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85015
Zip4
7047
Country
US
County Code
Maricopa
Subdivision
FRUITLAND ACRES
Assessor Number
154-28-004-B
Tax Year
2023
Assessor's Map #
28
Legal Description (Abbrev)
FRUITLAND ACRES PT E2 LOT 9 S 98' OF N 413' & S 72' OF N 485' EX 23RD AVE PER DKT 610/501
Assessor's Parcel #
4
Assessor Parcel Ltr
B
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
109003
Taxes
3020
Legal
FRUITLAND ACRES PT E2 LOT 9 S 98' OF N 413' & S 72' OF N 485' EX 23RD AVE PER DKT 610/501
Marketing Name
8 unit at Fruitland Acres

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
unknown
Year Built
1963
Uncvrd Parking Spcs
10
Total # of Units
8
# of Buildings
3
Zoning
R-3
Flood Zone
TBD

Remarks Misc

Cross Street
23rd Ave and Indian School
Directions
east from 1-17 on Indian School, north on 23rd. Pass Devonshire to property.

Status Change Info

Off Market Date
2024-04-14
Under Contract Date
2024-03-29
Close of Escrow Date
2024-04-13

Legal Info

Township
2N
Range
2E
Section
24
Lot Number
9

More Information

Efficiency Units

# Efficiency Units
Yes
Avg SqFt
300
Avg Rent
0

1 Bedroom Units

# 1 Bedroom Units
3
Avg Rent
533
Avg SqFt
500
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
637
Avg SqFt
600
# Baths
Yes

Structure

Bedrooms Total
12
Bathrooms Total
7

Income Expenses

Gross Annual Sch Inc
49800
Net Operating Income
35740

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

5 - 12 Units
Yes

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Other
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
2500
Annual Gas Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
300
Annual Legal & Acctg
0
Annual Maint Exp
1000
Annual Mgmt Exp
0
Annual Trash Exp
3000
Annual Wtr/Swr Exp
3240
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Operating Exp
13060
Other Income
0
Vacancy Allowance
0.03
Adjusted Gross Inc
48306

Pmt & Rate Info

Cap Rate
4.55
Equity
785000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

See Remarks
Yes

Heating

Heat Pump
Yes

Cooling

Heat Pump
Yes

Exterior Amenities

Separate Storage
Yes
Other (See Remarks)
Yes

Interior Features

Other (See Remarks)
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Built-In Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
Free
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
No Carry
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Other Sale Includes: Land & Building; Laundry Equipment Community Features: See Remarks Exterior Amenities: Separate Storage; Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Built-In Range; Refrigerator Heating: Heat Pump Cooling: Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; Free Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: My Home Group Real Estate
Last Updated: August - 28 - 2026
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