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$711,000
5 Beds 3 Baths 7064669 MLS Steve Rayburn Subdivision SubDv. ACTIVE Status
Exceptional investment opportunity in the heart of Phoenix! This unique portfolio includes three separate single-family homes being offered together at one price: 830 S 15th Ave (2 bed/1 bath), leased through 10/31/2026 at $1,838.55 per month; 820 S 15th Ave (1 bed/1 bath), leased through 8/31/2027 at $1,553.07 per month; and 1501 W Hadley St (2 bed/1 bath), leased through 11/30/2026 at $1,636.00 per month. Generating approximately $5,027.62 in monthly gross rental income, this portfolio provides immediate cash flow, built-in stability, and long-term investment potential. Whether you're looking to expand your rental portfolio, or take advantage of a unique house-hacking opportunity - live in one home while collecting income from the other two, this property offers exceptional flexibility and a rare opportunity to own multiple income-producing homes in a rapidly growing area. All three homes have separate electric and gas meters, simplifying utility management. All major remodeling was completed in 2021, with updated finishes throughout, making this a true turnkey investment. Each home features a private fenced yard for added privacy and outdoor enjoyment and includes essential appliances such as a stove, refrigerator, and washer/dryer to support tenant satisfaction and minimize ownership expenses. Perfectly positioned for flexible ownership, multigenerational living, or long-term portfolio growth, these properties are conveniently located near Downtown Phoenix, major freeways, public transportation, employment centers, shopping, dining, and entertainment, benefiting from strong rental demand and excellent accessibility. DRIVE-BY ONLY -- please do not disturb tenants. Walkthroughs available with accepted offers only. Act quickly--opportunities like this do not come around often. Buyer to verify all facts and figures.

830 S 15th Avenue, Phoenix

$299,900
11 Beds 60 Baths 7037076 MLS Daniels 2nd Addition SubDv. ACTIVE Status
Excellent value-add multifamily investment opportunity located in the growing Central Phoenix market. This unique 4-unit property offers strong income potential with major renovation work already completed, making it an ideal opportunity for investors looking to finish the final touches and maximize returns. The property consists of: Front Unit: Spacious 3 Bedroom / 2 Full Bathroom unit with in-unit laundry room Rear Unit 1: 1 Bedroom / 1 Bathroom Rear Unit 2: 2 Bedroom / 1 Bathroom Rear Unit 3: Studio unit Each rear unit has its own private entrance, creating privacy and flexibility for tenants. The majority of the interior renovation work has already been completed. Additional planned upgrades include: Brand new electrical system installation New HVAC systems New ap New hot water heaters Seller plans to complete the remaining improvements prior to closing for an additional negotiated price, providing buyers flexibility to either purchase as-is or receive a near turn-key finished product. The property includes parking for approximately 3 vehicles onsite, along with additional street parking availability. This is a great opportunity for an investor or owner-operator to take over a nearly completed project and add the final cosmetic and operational touches. Estimated total rental income is projected to exceed $4,000 per month once fully stabilized. Conveniently located near Downtown Phoenix, major freeways, employment centers, dining, shopping, and public transportation, this property benefits from strong rental demand and continued area growth. Priced to sell quickly. Excellent opportunity for investors seeking cash flow, appreciation potential, and value-add upside. Buyer to verify all facts, figures, measurements, zoning, permits, and projected rental income.

1220 S 10th Avenue, Phoenix

$389,000
7025380 MLS North Grier Place SubDv. CLOSED Status
No vacancies in 5 years! Two Homes on One Lot. Rent out one unit and live for free! Welcome to a rare and elegant dual-home opportunity in the rapidly growing Central City area of Phoenix. This exceptional property features two complete, fully renovated homes on one spacious lot, generating $3,767 in gross monthly rent and offering unmatched versatility for investors, multi-generational families, or owner-occupiers seeking rental income potential. Current leases expire 7/31/2026 and 1/31/2027, providing excellent timing to implement your desired strategy. Nestled on a spacious newly steel-fenced and gated lot, this rare offering combines modern comforts, excellent income potential, and walkable access to downtown dining, culture, and sports venues. The front home is a gorgeously remodeled 2-bed, 1-bath residence with abundant living space, featuring a spacious living room with French doors for elegant privacy, a large open kitchen with full-sized stainless steel gas stove, microwave, dishwasher, French-door refrigerator, and butcher block countertops complemented by beautiful tile work. The home boasts an updated tiled shower, luxury vinyl plank flooring, and modern lighting fixtures throughout. A separate laundry room includes an individual full-sized front-loading washer and dryer, while the exterior offers a 2-car covered carport, 2-car driveway, and extended covered back patio with built-in BBQ. The rear home is an equally stunning 2-bed, 1-bath remodeled residence with beautiful kitchen features including butcher block countertops, digital range, built-in microwave, refrigerator, Shaker cabinets, and modern shelving. The bathroom showcases a lovely tiled shower surround with basin sink and high-arc spray faucet, while the living room features an elegant chandelier. Newer windows throughout provide excellent energy efficiency, low-profile light fixtures grace the bedrooms, and a full-size washer and dryer are included. The private fenced backyard is perfect for pets, with off-street private parking for two vehicles. Both homes were renovated in 2021 and are separately metered and fully self-sufficient with independent utilities. With quick access to I-10 and I-17 freeways and Sky Harbor Airport less than 15 minutes away, commuting is effortless. This prime location in one of Phoenix's most strategic neighborhoods offers no HOA restrictions, giving you complete freedom for how you use the space. Whether you're a savvy investor capitalizing on Phoenix's hot rental market or a homeowner seeking flexibility and rental income, this rare dual-home property on one lot represents an exceptional value with huge upside potential. DRIVE-BY ONLY; please do not disturb tenants. Walkthroughs available only with accepted offers. Buyer to verify all information.

1716 W Hadley Street, Phoenix

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Central City South Real Estate & Homes