Fantastic Investment Opportunity for a fully-leased historic fourplex in the Central Phoenix Willo Historic District. Located nearby the Light Rail, eateries and cafes, ASU Downtown Campus, Downtown Phoenix, Melrose Arts District, Encanto Park and Golf Course, St Josephs Hospital, the I-10 freeway, and much more! This property was built before building zoning ordinances were in place and the neighborhood became reserved for exclusively single family homes making this an especially rare opportunity.
A full renovation in 2018 means no need to worry about any deferred maintenance or large unexpected expenses. All tenants renewed or signed 1 to 2 year lease terms in Q2 of 2020. Each unit features a rounded arched veranda at the front entry, original front doors, original hardwood floors, a fireplace, walk in closets, built in book shelves, a phone nook, recently updated kitchens and bathrooms, as well as personal indoor laundry. Much of the original charms have been preserved which is hard to come by in the Downtown Phoenix area which have been largely built up with substantial modern condos and apartment complexes.
No property showings until there is an accepted offer. Please do not disturb the tenants.
Morgan Heidinger – 480.330.7421