$780,000
Phoenix, AZ 85008
MLS# 6837314
Status: Closed
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Property Description
This opportunity consists of 14 bank-owned studio units located near the southeast corner of 32nd St and E Van Buren St. The units are currently partially renovated some with new gas ranges, new tile flooring, new window unit A/C systems, and new shaker cabinets, though many have yet to be installed. Utilities, gas, and electric are all master-metered. This is an excellent opportunity for an investor to complete the ongoing renovations and transform this REO asset into a thriving housing community.
Details
Maps
Contract Info
Current Price: $780,000
Sold Price: $780,000
Status: Closed
List Date: 2025-03-12
Ownership: Fee Simple
Location Tax Legal
House Number: 3239
Compass: E
Street Name: VAN BUREN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 6831
County Code: Maricopa
Subdivision: ACRE CITY
Assessor Number: 121-18-010
Tax Year: 2024
General Property Description
Lot Size Dimensions: 151.29 x 42.46
Year Built: 1940
Uncvrd Parking Spcs: 10
Total # of Units: 14
# of Buildings: 1
Zoning: C-3
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 32nd st & Van Buren
Directions: East on Van Buren to 32nd St., property is on the Southwest corner.
Geo Lat: 33.450992
Geo Lon: -112.011249
Status Change Info
Off Market Date: 2025-08-19
Under Contract Date: 2025-08-06
Close of Escrow Date: 2025-10-03
Sold Price: $780,000
Legal Info
Township: 1N
Range: 3E
Section: 12
Lot Number: 10
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
# Efficiency Units: 14
# Baths: 14
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: 13 - 24 Units
Other Type: House + Rental Units; Other (See Remarks)
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Other
Floors: Ceramic Tile
Sale Includes: Land & Building; Other (See Remarks)
Community Features: No Pool; Other; See Remarks
Exterior Amenities: Other (See Remarks)
Interior Features: Other (See Remarks)
Appliances Included: Other; See Remarks
Heating: Window/Wall Unit(s)
Cooling: Window/Wall Unit
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: <1 Space Per Unit
Road Access Type: Dedicated Street
Road Surface Type: Dirt; Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; Other
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
New Financing: Cash; Other (See Remarks)
Environmental: None
Listing Office: R.O.I. Properties
Last Updated: October - 03 - 2025
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