6041 N 23RD Avenue $2,050,000


    6041 N 23RD Avenue Phoenix, AZ 85015



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    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 6026678
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    Views: 16 Days On Market: 71

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    Property Details

    Residential Financing Available Maple Leaf is a mid-century, block-constructed project with a great unit mix of large 3-bed, 2-bed, and 1-bed units. They are all individually metered forelectricity and feel very secure with the buildings on the property surroundinga quaint, quiet central courtyard. The units have been very well-maintainedover the years and many of the units have received many recent upgradesincluding new carpet, appliances, fixtures, etc. Most of the units have seensome level of updating over the past year with a few original units withlong-term tenants. Value-add opportunities exist through additional updatingand increased rents. This property sits on four separate parcels allowing foran investor to get four separate residential loans if theywant. This is a great, centrally located, bite-sized deal that has historically maintained very low vacancy and should continue to perform well into the future. Maple Leaf Apartments is a 14-unit apartment property located in the heart of Phoenix. The property is comprised of 2 different fourplexes and 2 different triplexes with each building being on a separate parcel allowing for individual residential loans if someone desired. The units are all good size, with a great unit mix of (4) 1-bed / 1-bath (Approx. 692 SF each), (8) 2-bed / 1-bath (Approx. 910 SF each), and (2) 3-bed / 2-bath (Approx. 1,270 SF each). The property is also in the opportunity zone, so there should be more positive activity happening in the area over the next few years. The property is about 1/3 of a mile to the Abrazo Central Campus hospital and a little over a half mile to the light rail and the Christown Spectrum Mall (Target, Costco, Walmart, Harkins Theatres, etc.). It is also about 1.5 miles to Grand Canyon University. The location is extremely central and allows residents to enjoy, with ease, so much of what Central Phoenix has to offer. With many dining, shopping, and entertainment options, as well as the I-17 Freeway within minutes (1/4 of a mile away), Maple Leaf Apartments is an attractive investment opportunity and an extremely desirable property for residents to live.

    • General Features
      • Assessor Book # 156.00
      • Assessor Map # 12.00
      • Assessor Number 156-12-138-C
      • Assessor Parcel # 138.00
      • Assessor Parcel Ltr C
      • Community Amenities No Pool, Other (See Remarks)
      • County Maricopa
      • Covered Parking Spcs 0.00
      • Cross Street 19
      • Directions West on Bethany Home to 23rd Ave, North on 23rd Ave to Property on the East (right) side of street.
      • Gas Other (See Remarks)
      • List Date 2020-01-21
      • Marketing Name Maple Leaf Apartments
      • New Financing Other (See Remarks)
      • Parking Other (See Remarks), Carport
      • Project Type 13 - 24 Units
      • Roofing Error: ClassID in tblMLSFieldPropertyType is null.
      • Subdivision MELROSE VALLEY ESTATES 1
      • Tax Municipality Phoenix
      • Tax Year 2019
      • Taxes $3,391
      • Total Units 14.00
      • Type ER
      • Uncvrd Parking Spcs 0.00
      • Year Built 1963
      • Zoning R3
    • Building Features
      • Construction Block, Other (See Remarks)
      • Appliances Included Other (See Remarks)
      • Floors Other (See Remarks)
      • Cooling Other (See Remarks)
      • Heating Other (See Remarks)
      • Interior Amenities Other (See Remarks)
    • Room Features
      • # 1 Bedroom Units 4
      • 1 Bedroom Units: Avg Rent 784.00
      • 1 Bedroom Units: Avg SqFt 692
      • 1 Bedroom Units: # Baths 1
      • # 2 Bedroom Units 8
      • 2 Bedroom Units: # Baths 1
      • 2 Bedroom Units: Avg Rent 950.00
      • 2 Bedroom Units: Avg SqFt 910
      • # 3 Bedroom Units 2
      • 3 Bedroom Units: Avg SqFt 1270
      • 3 Bedrooms Units: # Baths 2
      • 3 Bedrooms Units: Avg Rent 1310.00
      • # 4 Bedroom Units 0
      • 4 Bedrooms Units: # Baths 0
      • 4 Bedrooms Units: Avg Rent 0.00
      • 4 Bedroom Units: Avg SqFt 0
    • Property Features
      • Efficiency Units: # Efficiency Units 0
      • Efficiency Units: # Baths 0
      • Efficiency Units: Avg SqFt 0
      • Efficiency Units: Avg Rent 0.00
      • Legal Info: Township 12
      • Tenant Pays Electric
      • Ownership Fee Simple
      • Owner Pays Water, Sewer, Trash, Landscaping
      • Income & Expenses: Net Operating Income 113814.00
      • Income & Expenses: Gross Annual Sch Inc 153367.00
      • Income & Expenses: Adjusted Gross Inc 159697.00
      • Legal Info: Range 2E
      • Legal Info: Lot Number NA
      • Total Parking Space 0.00
      • Number of Buildings 4
      • Electric Other (See Remarks)
      • Exterior Amenities Other (See Remarks)
      • Lot Size Dimensions 0x0
      • Sewer Sewer - Public
      • Water Other (See Remarks)
    • Schools
      • School District 205



    85015 (Phoenix) Demographics

    32 Median Age
    7,952 Population Density (per sq. mile)
    25% College Educated
    $30,661 Estimated Median Income
    5,114 Estimated Total Home Owners
    9,490 Estimated Total Renters
    35% / 65% Estimated Owner / Renter Divide
    10 Estimated Average Household Size
    38,829 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $253,500 Median Sales Price
    48 Homes Sold
    55 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,050,000
        1/21/2020 12:05:00 PM New in Database Source

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 4/1/2020 1:59:21 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.