4701 N 23RD Drive, Phoenix, AZ 85015

$719,900
Property Type: Multiple Dwellings Status: Active
Current Price: $719,900 List Date: 2/07/2025 Last Modified: 8/04/2025

Description

Fantastic investment opportunity in North Phoenix! This well-maintained triplex at 4701 N 23rd Dr features three spacious 2-bedroom, 2-bath units, each approximately 996 sq ft with separate metering—tenants pay their own utilities, minimizing owner expenses. Long-term tenants in place with below-market rents provide strong upside potential. Located just minutes from I-17 for easy access to downtown and beyond. Close to shopping, dining, Grand Canyon University, and schools including Westwood Elementary, Alhambra Traditional School, and Alhambra High. A great opportunity to own a stable, income-producing property in a growing area!

More Information MLS# 6816622

Contract Info

Current Price: $719,900 List Price: $719,900 Status: Active List Date: 2025-02-06 Ownership: Fee Simple

Location Tax Legal

House Number: 4701 Compass: N Street Name: 23RD St Suffix: Drive City/Town Code: Phoenix State/Province: AZ Zip Code: 85015 Zip4: 3486 County Code: Maricopa Subdivision: NICELY PLACE Assessor Number: 154-03-008-A Tax Year: 2024

General Property Description

Lot Size Dimensions: 11,378 Year Built: 1985 Uncvrd Parking Spcs: 6 Total # of Units: 3 # of Buildings: 1 Zoning: R-3 Flood Zone: No Elementary School District: Alhambra Elementary District High School District: Phoenix Union High School District Elementary School: Westwood Elementary School Jr. High School: Alhambra Traditional School High School: Alhambra High School

Remarks Misc

Cross Street: 23rd Ave and Highland Ave Directions: Located north of Indian School Rd, south of Camelback Rd. From 23rd Ave, head west on Highland Ave. The property is on the northeast corner of 23rd Dr and Highland Ave. Geo Lat: 33.506106 Geo Lon: -112.109185

Legal Info

Township: 2N Range: 2E Section: 24 Lot Number: 8

Income Expenses

Gross Annual Sch Inc: 36000 Net Operating Income: 3000

Showing Notification Methods

Showing Service: No Showing Service Used

Efficiency Units

# Efficiency Units: 3 Avg Rent: 3300 Avg SqFt: 2988 # Baths: 1

1 Bedroom Units

# 1 Bedroom Units: 2 Avg Rent: 1100 Avg SqFt: 996 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 2 Avg Rent: 1100 Avg SqFt: 996 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 2 Avg Rent: 1100 Avg SqFt: 996 # Baths: 1

Contact Info

List Agent Home Phn: 602-670-2473

Property Features

Project Type: Tri-Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Rolled Floors: Ceramic Tile Sale Includes: Building(s) Only Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator Heating: Heat Pump Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: 1 Space/Unit Owner Pays: Landscaping; None Tenant Pays: Water; Electricity; Trash Collection Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; VA; Conventional; No Carry Environmental: None
Listing Office: RE/MAX Desert Showcase
Last Updated: August - 04 - 2025
4701 N 23RD Drive, Phoenix, AZ 85015- MLS# 6816622
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