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Ideally positioned just east of Central Phoenix's largest major employment corridor, Villa at Melrose (''the property'') is an 8-unit multifamily community located north of Indian School Road on 11th Avenue. The property sits within the desirable Midtown submarket, surrounded by the growing lifestyle opportunities the immediate area offers. The Property's nearby proximity to one of The Valley's major transportation arteries, State Route 51, affords residents direct access and simple passage to nearly any destination across The Valley. Anchoring the gateway to North Central Phoenix's historic core, Villa at Melrose presents outstanding walkable access to a mix of the best local and national retailers and restaurants including Sprouts, Natural Grocers, Valentine, Clever Koi, AJ's, and West Elm. Ample employment opportunities are found through the nearby Innovation Employment Corridor, Arizona's economic driving force, boasting more than ±171,000 total professionals dispersed across its Midtown and Downtown Phoenix setting occupying a diverse range of industries from business services and finance to healthcare, education, and government services. Completed in 1958, and fully renovated in 2023, Villa at Melrose is comprised of 4 one-bedroom (50%) and 4 two-bedroom (50%) floorplans, offering an average of ±675 square feet per unit. All units have been fully renovated with new countertops, cabinets, stainless steel appliances, upgraded electrical panels and in-unit washer/dryers (select units). In addition, the entire community exterior and common area has been upgraded including new landscaping, exterior paint, common area, and roof. Future ownership will have the opportunity to receive enhanced operational performance and desirability resulting from the property's centralized location with immediate access to desirable amenities such as schools, retail and major employment corridors.

12 Beds ⋅ 32 Baths ⋅ 6972550 MLS ⋅ ACTIVE Status

Ideally positioned just east of Central Phoenix's largest major employment corridor, Villa at Melrose (''the property'') is an 8-unit multifamily community located north of Indian School Road on 11th Avenue. The property sits within the desirable Midtown submarket, surrounded by the growing lifestyle opportunities the immediate area offers. The Property's nearby proximity to one of The Valley's major transportation arteries, State Route 51, affords residents direct access and simple passage to nearly any destination across The Valley. Anchoring the gateway to North Central Phoenix's historic core, Villa at Melrose presents outstanding walkable access to a mix of the best local and national retailers and restaurants including Sprouts, Natural Grocers, Valentine, Clever Koi, AJ's, and West Elm. Ample employment opportunities are found through the nearby Innovation Employment Corridor, Arizona's economic driving force, boasting more than ±171,000 total professionals dispersed across its Midtown and Downtown Phoenix setting occupying a diverse range of industries from business services and finance to healthcare, education, and government services. Completed in 1958, and fully renovated in 2023, Villa at Melrose is comprised of 4 one-bedroom (50%) and 4 two-bedroom (50%) floorplans, offering an average of ±675 square feet per unit. All units have been fully renovated with new countertops, cabinets, stainless steel appliances, upgraded electrical panels and in-unit washer/dryers (select units). In addition, the entire community exterior and common area has been upgraded including new landscaping, exterior paint, common area, and roof. Future ownership will have the opportunity to receive enhanced operational performance and desirability resulting from the property's centralized location with immediate access to desirable amenities such as schools, retail and major employment corridors.

4119 N 11th Avenue, Phoenix

Excellent investment opportunity! Melrose District duplex with easy access to downtown, midtown, nightlife, shopping & dining. Each remodeled units has 821 sq. ft., 2 Bed/1 Bath with covered patio, private fenced yard, laundry and a 1-car garage. Mirror image floor plans. Currently rents are $1795 and $1750/mo., one on a month-to-month lease, so you could live in one unit and offset your costs with the rent from the other, or convert the oversized garage into a third rental unit for even more monthly income. Lots of possibilities with this turn-key property. Updates include new roof 2020, AC 2019, dual pane windows and sliding glass doors, flooring, int./ext. paint, kitchen and bathroom cabinets, granite counters, fixtures and hardware, stainless steel appliances, garage doors & openers.

6789630 MLS ⋅ Del Monte North 2 SubDv. ⋅ CLOSED Status

Excellent investment opportunity! Melrose District duplex with easy access to downtown, midtown, nightlife, shopping & dining. Each remodeled units has 821 sq. ft., 2 Bed/1 Bath with covered patio, private fenced yard, laundry and a 1-car garage. Mirror image floor plans. Currently rents are $1795 and $1750/mo., one on a month-to-month lease, so you could live in one unit and offset your costs with the rent from the other, or convert the oversized garage into a third rental unit for even more monthly income. Lots of possibilities with this turn-key property. Updates include new roof 2020, AC 2019, dual pane windows and sliding glass doors, flooring, int./ext. paint, kitchen and bathroom cabinets, granite counters, fixtures and hardware, stainless steel appliances, garage doors & openers.

1140 W Monterosa Street, Phoenix

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