2342 W TURNEY Avenue, Phoenix, AZ 85015

$850,000
Property Type: Multiple Dwellings Status: Active
Current Price: $850,000 Last Modified: 5/22/2025

Description

Rare and unique opportunity to own 4 homes on 1 lot! This incredible setup includes a 3-bed, 2-bath main home, a duplex (two units ft 2 beds & 1 bath), and another single 1-bed/1-bath detached dwellings offering endless potential. Whether you're looking to live in one and rent the others or lease all four for maximum return, this is a prime value-add opportunity for any savvy investor. With the right updates, you can force appreciation and unlock strong cash flow from multiple units all on one parcel with room to build! Properties zoned like this don't come around often. Don't miss your chance to invest in a high-potential, multi-unit setup that checks all the boxes & is only 10 minutes away from Downtown Phoenix

More Information MLS# 6862777

Contract Info

Current Price: $850,000 List Price: $850,000 Status: Active List Date: 2025-05-07 Ownership: Fee Simple

Location Tax Legal

House Number: 2342 Compass: W Street Name: TURNEY St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85015 Zip4: 4549 Country: US County Code: Maricopa Subdivision: FRUITLAND ACRES Assessor Number: 154-17-011 Tax Year: 2024

General Property Description

Lot Size Dimensions: 24,465 Year Built: 1944 Uncvrd Parking Spcs: 5 Total # of Units: 4 # of Buildings: 3 Zoning: R-3 Elementary School District: Alhambra Elementary District High School District: Phoenix Union High School District Elementary School: Granada Elementary School-East Campus Jr. High School: Granada Elementary School-East Campus High School: Alhambra High School

Remarks Misc

Geo Lat: 33.500926 Geo Lon: -112.110133

Status Change Info

Status Change Date: 2025-05-07

Legal Info

Township: 2N Range: 2E Section: 24 Lot Number: 3

Income Expenses

Gross Annual Sch Inc: 78000 Net Operating Income: 25200

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 1 Avg Rent: 1100 Avg SqFt: 600 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 2 Avg Rent: 1500 Avg SqFt: 646 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 2500 Avg SqFt: 1400 # Baths: 2

Property Features

Project Type: Tri-Plex; 5 - 12 Units Other Type: House + Rental Units Construction: Block; Wood Frame Const - Finish: Stucco; Brick Veneer Roofing: Tile Floors: Carpet Sale Includes: Land & Building Community Features: No Pool Appliances Included: Built-In Range; Refrigerator; Microwave; Washer/Dryer Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; <1 Space Per Unit; Paved Owner Pays: Water Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Not Applicable New Financing: Cash; Conventional Environmental: None
Listing Office: Libertas Real Estate
Last Updated: May - 22 - 2025
2342 W TURNEY Avenue, Phoenix, AZ 85015- MLS# 6862777
Broker Attribution: 623-271-9742

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