2301 E HARVARD Street, 4, Phoenix, AZ 85006
$685,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$685,000
Last Modified:
6/19/2025
Description
Investor Special - Value-Add 4-Plex in Central Phoenix Calling all savvy investors—this Central Phoenix 4-unit multifamily is a rare opportunity in a high-demand rental corridor near 24th St and Thomas. Located in the Avalon subdivision, this property features:
(2) 1-Bed / 1-Bath Units
(1) 3-Bed / 2-Bath Unit
(2) 2-Bed / 1-Bath Unit Covered Parking for 4 + 3 Uncovered SpacesSolid Block Construction | Built in 1960 Property needs work - drive-by only. This is a classic value-add situation with long-term potential. All units are currently rented, but rents are significantly below market. With updates, there's excellent upside on cash flow and property value.
Perfect for buy-and-hold investors looking to improve and stabilize a multifamy asset in a growing area of Phoenix.
More Information MLS# 6874180
Contract Info
Current Price: $685,000
List Price: $685,000
Status: Active
List Date: 2025-05-31
Ownership: Fee Simple
Location Tax Legal
House Number: 2301
Compass: E
Street Name: HARVARD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1577
County Code: Maricopa
Subdivision: AVALON BLOCKS 5-8
Assessor Number: 117-08-024
Tax Year: 2024
General Property Description
Lot Size Dimensions: unknown
Year Built: 1960
Uncvrd Parking Spcs: 3
Total # of Units: 4
# of Buildings: 1
Zoning: Multi
Flood Zone: No
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: Thomas & 24th ST
Directions: Thomas & 24th ST Directions: North on 24th St to Harvard west to property
Geo Lat: 33.473677
Geo Lon: -112.032188
Legal Info
Township: 2N
Range: 3E
Section: 34
Lot Number: 14
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 825
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 836
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Built-Up
Floors: Vinyl; Ceramic Tile
Sale Includes: Building(s) Only
Community Features: No Pool
Interior Amenities: Mini Blinds
Appliances Included: None
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; Conventional
Environmental: None
Listing Office: eXp Realty
Last Updated: June - 19 - 2025
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