2231 E Taylor Street, Phoenix, AZ 85006
- $685,000
- Sold Price
- $685,000
- List Price
- $695,000
- Closing Date
- Nov 15, 2023
- Days on Market
- 78
- Status
- CLOSED
- MLS#
- 6597018
- City
- Phoenix
- Subdivision
- Aviation Homesites
- Year Built
- 1958
Property Description
This upgraded 5-unit property offers day one cash-flow and nearly a 7% cap rate on actuals! Major upgrades have been done to the bones of the property, including a recent replacement of the main sewer line. Cosmetic upgrades include but are not limited to new flooring, interior & exterior paint, kitchen cabinets & countertops, and bathroom tiles & vanities. The property is well managed with government-assisted tenants on annual leases at market rates. Individually metered for electric. Located in an Opportunity Zone near Phoenix Sky Harbor Airport, downtown Phoenix, and I-10 & Loop 202 freeways. To learn more about City of Phoenix Opportunity Zones go to https://www.phoenix.gov/econdev/opportunity-zones. Drive-by only. Please do not disturb tenants.
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Additional Information
- School District
- Phoenix Union High School District
- Community Features
- No Pool
- Construction
- Painted, Stucco, Block
- Cooling
- Electric
- Electric
- City Electric, Individual Meter
- Flooring
- Ceramic Tile
- Heating
- Electric
- New Financing
- Conventional, 1031 Exchange
- Parking Features
- 1 Space/Unit, On Street
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- Aviation Homesites
- Taxes
- $1,893
- Tax Year
- 2022
- Units
- 5
- Water
- City Franchise
- Zoning
- Multi
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Listing courtesy of ABI Multifamily. Selling Office: HomeSmart.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.