1623 W Missouri Avenue, Phoenix, AZ
$ 6,300,000
Property Attributes
  • MLS#6586780
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Zip85015
  • StyleMultiple Dwellings
  • Year Built1963
  • Taxes$ 12639
  • Price$ 6,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

The Gem on Missouri offers a combined total of 22,700 rentable square feet. The property features eight buildings and offers one-bedroom, two-bedroom/one and a half bathroom, two-bedroom/two-bathroom and three-bedroom/two-bathroom floor plans. Built in 1963, the property offers amenities including gated access, in unit washer and dryers, security doors, a pool, fitness center, attractive common areas and covered parking. This property represents a unique opportunity to acquire a sizable footprint in the Midtown Phoenix Submarket with significant rental upside.

Elementary School
Solano School Elementary School
Price History
8/1/2023 Listed $6,300,000

General Features

Additional Parcels Y/N No
Attached Garage No
Cap Rate 5.7
Carport Y/N No
City Phoenix
Community Features Barbecue, Exercise Room, Pool
Construction Materials Painted, Block
Cooling Central A/C, Ceiling Fan(s)
County Maricopa
Days on Market 53
Disclosures None
Electric Individual Meter
Elementary School Solano School
Elementary School District Osborn Elementary District
Garage Y/N No
Gross Income 486238.69
Heating Other
High School District Phoenix Union High School District
Lease Considered Y/N No
Lease Renewal Y/N No
Lot Size Square Feet 0.0
Mobilehomeremainsyn No
Net Operating Income 358963.0
New_sp_Financing_co_Conventional5 True
Occupancy Description Tenant
Open Parking Spaces 10.0
Operating Expense 12639.0
Ownerpays Landscaping, Pool/Spa Maintenance
Ownership Fee Simple
Property Type Multiple Dwellings
Rent Control Y/N No
Roof Composition
Sewer Public Sewer
Standard Status Active
Status Active
Street Name Missouri
Tax Annual Amount 12639.0
Tax Lot 7
Tax Year 2022
Tenant Pays Gas, Electricity, Water, Sewer, Cable TV
Total Units 29
View Y/N No
Year Built 1963
Zoning R4

Interior Features

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

Exterior Features

Buyer Agent Compensation 2.50
Buyer Agent Compensation Type %
Covered Spaces 29.0
Crops Included Y/N No
Irrigation Water Rights Y/N No
Lot Dimensions 266x264x128x120x120x144
Lot Size Acres 0.0
Lot Size Area 0.0
Number of Buildings 8
Open Parking Y/N No
Parking Features Paved Parking, Free,
Road Surface Type Concrete, Sidewalk(s)
Spa No
Total Parking 39.0
Water Source Individual Meter


  • 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 85015

AVG $1.77M
AVG $3,705
AVG 78
Year Built
AVG 1961
AVG 56
Data Provided by Walkscore ® not using MLS data

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