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$662,500
7039047 MLS ⋅ Altro Terrace SubDv. ⋅ ACTIVE Status
Exceptional investment opportunity featuring a total of seven units, including a single-family residence & eligible for residential financing. This triplex must be sold with the adjacent fourplex (MLS # 7039046), creating a seven-unit investment portfolio. Located near GCU, the freeway, shopping, and other amenities, this property offers strong tenant appeal. The single-family residence features a full-size laundry room. All units were renovated between 2019 and 2020. Improvements include new sewer and water lines, upgraded electrical service, interior and exterior paint, roofs replaced on both triplexes in 2024, and a new roof on the single-family residence in 2020. Well-maintained property with numerous updates throughout. See Documents tab for details. Buyer to verify all information.

2620 W Pierson Street, Phoenix
$662,500
7039046 MLS ⋅ Altro Terrace SubDv. ⋅ ACTIVE Status
Exceptional investment opportunity featuring a total of seven units, including a single-family residence & eligible for residential financing. This fourplex must be sold with the adjacent triplex (MLS #7039047), creating a seven-unit investment portfolio. Located near GCU, the freeway, shopping, and other amenities, this property offers strong tenant appeal. The single-family residence features a full-size laundry room. All units were renovated between 2019 and 2020. Improvements include new sewer and water lines, upgraded electrical service, interior and exterior paint, roofs replaced on both triplexes in 2024, and a new roof on the single-family residence in 2020. Well-maintained property with numerous updates throughout. See Documents tab for details. Buyer to verify all information.

2616 W Pierson Street, Phoenix
$799,000
6982836 MLS ⋅ Altro Terrace SubDv. ⋅ CLOSED Status
Four at Pierson | W Pierson Street | Phoenix, AZ 85017. Positioned in a high-demand rental corridor just minutes from Grand Canyon University, major parks, and immediate freeway access, Four at Pierson presents a Four at Pierson presents a remodeled (3 out of the 4 units are extensively remodeled) converted fourplex investment opportunity in the heart of Phoenix. This thoughtfully upgraded property consists of four (4) one-bedroom, one-bathroom units, each extensively renovated with updated flooring, modernized kitchens, and refreshed bathrooms. The improvements provide strong tenant appeal while minimizing near-term capital expenditure. All units are currently leased through Home Inc, with rental income ranging from $1,467 to $1,590 per unit, offering stabilized cash flow... in a prime university adjacent location. Recent capital improvements include the full replacement of existing sewer lines, providing a significant infrastructure upgrade and reducing future deferred maintenance risk. Investment Highlights: (3 out of the 4 units are extensively remodeled) Fourplex Four 1BR / 1BA units Strong in-place rents: $1,467-$1,590 per unit Sewer lines recently replaced Prime proximity to GCU, parks, retail, and major freeways Professionally managed (Home Inc) Seller Financing Opportunity: Seller is willing to carry $50,000 down and will structure an exact wrap of the existing note at 7.25% interest rate, creating a compelling financing option for qualified buyers. All facts and figures are approximate. Buyer to verify all MLS information and conduct independent due diligence.

2608 W Pierson Street, Phoenix
$239,000
3 Beds ⋅ 2 Baths ⋅ 6958856 MLS ⋅ Altro Terrace SubDv. ⋅ CLOSED Status
Excellent opportunity to purchase a home that has good bones but needs some TLC to realize its full potential. The home is being sold AS-IS. New HVAC installed in 2021. The seller is unable to make repairs or provide concessions due to HUD Program restrictions. Please be advised that the home is boarded for security purposes.

2621 W Mariposa Street, Phoenix
$650,000
6921067 MLS ⋅ Altro Terrace SubDv. ⋅ ACTIVE Status
Fully renovated triplex investment opportunity in Phoenix's 85017 Canyon Corridor. The property underwent a comprehensive refresh just over a year ago and has been meticulously maintained since. Major capital improvements include a new roof (July 2024), all new sewer lines from under-slab to city connection, and updated electrical wiring—rare peace of mind for multifamily in this vintage. Each unit offers upgraded finishes with new flooring, cabinets, windows (with 2'' faux wood blinds), stainless steel appliances, in-unit stack washer/dryer, and private fenced backyards. Two of the three AC units and all water heaters installed in 2024. The property features block wall construction with metal security gates, a shared courtyard with picnic area, and strong tenant appeal. Currently 100% occupied. Grand Canyon University (GCU) is the neighborhood's dominant demand driver. Enrollment has surged from ~118,000 in 2023 to over 125,000 in 2024, and is projected to exceed 133,000 by 2025-26. The Phoenix campus now houses ~25,000 students, with ~17,000 living in 33 residence halls. GCU's growth generates year-round rental demand, service jobs, and billions in annual economic output for the area. Ongoing Canyon Corridor revitalization through public-private partnerships improving safety, streetscape, and long-term property values. Just off I-17 with direct access to Camelback Rd and 27th Ave. Served by Valley Metro bus routes and a short ride to light rail.

2612 W Pierson Street, Phoenix
$625,000
6728536 MLS ⋅ Altro Terrace SubDv. ⋅ CLOSED Status
Fully renovated Triplex! Brand new roof July 2024. All new sewer lines under the slab to the city connection! If you know multi-family in this age category, you know almost all need new sewer lines. Updated wiring. 2 of the 3 AC units are new! New water heaters, flooring, cabinets, doors. New windows (2'' faux wood blinds). Block walls and metal security gates. Stainless steel appliances convey with property. Stack washer/dryer in each unit (conveys with property). Private courtyard with picnic table and metal umbrella. Each unit has their own private back yard (block walls/metal gates with locks). Property next to it is most recent comparable. It just sold with fewer updates. See remarks about it. Great cash flow!

2612 W Pierson Street, Phoenix
$799,900
6654156 MLS ⋅ Altro Terrace SubDv. ⋅ CLOSED Status
Canyon 4 - Completely remodeled and ready for a new owner! Walking distance from Grand Canyon University! PRIME LOCATION! The 4 unit building is comprised of (4) 1 bedroom / 1 bath units, all of which have undergone a remodel! Brand new landscaping and fencing, windows, paint and landscaping rock. LOW maintenance! Covered parking at the rear and plenty of street parking! This will go QUICK!

2608 W Pierson Street, Phoenix
$618,000
6627002 MLS ⋅ Altro Terrace SubDv. ⋅ CLOSED Status
Great opportunity! Blocks from GCU! This attractive 4-plex on a corner lot combines functionality with convenience! Six carport spaces on the side of the property offer ample off-street parking, a coveted amenity for residents. Each unit benefits from a private back patio, fully fenced for added security and privacy, allowing tenants to enjoy their own outdoor space. This real estate opportunity is ideal for an investor looking to capitalize on a multi-family dwelling that promises both rental income and the potential for property value appreciation. Property boasts a 4-plex plus additional studio. Don't wait! Fully occupied, please respect the tenant's rights and do not walk the property with out approval.

2604 W Pierson Street, Phoenix
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Altro Terrace Real Estate & Homes