Price Reduction
2326 E PINCHOT Avenue, Phoenix, AZ
$ 3,200,000
Property Attributes
  • MLS#6586083
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Zip85016
  • StyleMultiple Dwellings
  • Year Built1958
  • Taxes$ 6693
  • Price$ 3,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Prime Opportunity in Biltmore Corridor. 12-unit garden-style apartment complex located in great east Phoenix neighborhood. Eleven out of twelve units completely remodeled with new kitchens and baths. New Roofs on Apartments in 2022/2023. Water lines updated inside the units. Centrally located complex is ideal to add to your portfolio. Block construction with new pitched composition shingle roofs and individually metered for electricity. Additional income from leased laundry. There is room to increase rents and possibly add in unit laundry. Minutes to shopping & dining at Biltmore Fashion Park, Town and Country Mall and so much more. Easy access to the 51 Freeway, downtown Phoenix, bus transportation and employment. Do not walk property or talk to tenants. Inspection with accepted offer

Elementary School Middle School High School
Loma Linda Elementary School Loma Linda Elementary School Camelback High School
Price History
7/29/2023 Listed $3,500,000
9/13/2023 9% - $3,200,000

General Features

Additional Parcels Y/N No
Attached Garage No
Cap Rate 5.31
Carport Y/N No
City Phoenix
Community Features Barbecue, No Pool
Construction Materials Painted, Block
Cooling Electric
County Maricopa
Days on Market 62
Directions South on 24th Street to Pinchot. Turn Right or West on Pinchot. Complex is on North Side. No Sign on Property, Do Not Walk Complex. Inspections with Accepted Offer.
Disclosures Seller Prop Disc Stm
Electric SRP
Electric Expense 600.0
Elementary School Loma Linda Elementary School
Elementary School District Creighton Elementary District
Fuel Expense 0.0
Garage Y/N No
Gross Income 214320.0
Heating Electric
High School Camelback High School
High School District Phoenix Union High School District
Insurance Expense 8000.0
Lease Considered Y/N No
Lease Renewal Y/N No
Lot Size Square Feet 0.0
Maintenanceexpense 3000.0
Middle/Junior High School Loma Linda Elementary School
Mobilehomeremainsyn No
Net Operating Income 169927.0
Open Parking Spaces 0.0
Operating Expense 44393.0
Ownerpays Trash Collection, Water, Sewer, Landscaping
Ownership Fee Simple
Property Type Multiple Dwellings
Rent Control Y/N No
Roof Composition, Rolled/Hot Mop
Sewer Public Sewer
Standard Status Active
Status Active
Street Name PINCHOT
Subdivision Name none
Tax Annual Amount 6693.0
Tax Year 2022
Tenant Pays Electricity, Cable TV
Total Units 12
Township 2N
Trash Expense 3000.0
View Y/N No
Water Sewer Expense 6000.0
Year Built 1958
Zoning m-h r4

Interior Features

Air Conditioning Y/N Yes
Electric On Property Y/N No
Heating Y/N Yes
Street Suffix Avenue

Exterior Features

Covered Spaces 11.0
Crops Included Y/N No
Irrigation Water Rights Y/N No
Lot Dimensions 120 x 150
Lot Size Acres 0.0
Lot Size Area 0.0
Number of Buildings 3
Open Parking Y/N No
Road Surface Type Asphalt, Sidewalk(s)
Spa No
Total Parking 11.0
Water Source City Franchise


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85016

AVG $2.95M
AVG $7,735
AVG 190
Data Provided by Inside Real Estate®
Year Built
AVG 1957
AVG 65
Data Provided by Walkscore® not using MLS data

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