602 S 17th Avenue, Phoenix, AZ 85007
$730,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$730,000
Last Modified:
6/20/2025
Description
This 18-unit property provides a great opportunity to create a thriving community in Downtown Phoenix. With the structures in place to create great living spaces, this property has unique flexibility to be traditional market-rate rentals or a master leased property to a third-party operator. This property is priced to sell with a huge upside and cash flow potential. Currently gutted and vacant units, get to work now with previously city-approved permits included in the sale!
More Information MLS# 6856997
Contract Info
Current Price: $730,000
Sold Price: $730,000
Status: Closed
List Date: 2025-04-24
Ownership: Fee Simple
Location Tax Legal
House Number: 602
Compass: S
Street Name: 17th
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
County Code: Maricopa
Assessor Number: 112-09-099
Tax Year: 2024
General Property Description
Lot Size Dimensions: 140.53 x 122.89
Year Built: 1947
Uncvrd Parking Spcs: 18
Total # of Units: 18
# of Buildings: 6
Zoning: C-3, A-1
Remarks Misc
Cross Street: 15th Avenue and Grant Street
Directions: West to 17th Avenue, north to property
Geo Lat: 33.442073
Geo Lon: -112.096112
Status Change Info
Off Market Date: 2025-06-20
Under Contract Date: 2025-06-02
Close of Escrow Date: 2025-06-19
Sold Price: $730,000
Legal Info
Lot Number: 94
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
# Efficiency Units: 18
Avg Rent: 850
Avg SqFt: 280
# Baths: 1
Sold Info
Loan Type: Other
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Foam; Other
Floors: Other
Sale Includes: Land & Building
Community Features: Other
Appliances Included: None
Heating: None
Cooling: None
Water Source: City Franchise; None
Sewer: Sewer - Public
Electric: None
Gas: None
Parking Features: Paved
Owner Pays: See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Lockbox Type: None
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Vista Palms - Stabilized Proforma ›Listing Office: ABI Multifamily
Last Updated: June - 20 - 2025
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.