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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

Broker Attribution:
623-271-9742
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