2719 W Maryland Avenue, Phoenix, AZ 85017

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
2719 W Maryland Avenue,Phoenix, AZ 85017
$1,385,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: bradley skenderian
Office: matthews real estate investment services
MLS#:7043158
Source:ARMLS

Price summary

  • Price:$1,385,000

About this home

Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.

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Home facts

  • Year built:1971
  • Subdivision & Development:AMBASSADOR HTS 9-14
  • Listing ID #:7043158
  • Updated:August 13, 2026 at 03:07 PM

Rooms and interior

  • Flooring:Vinyl

Heating and cooling

  • Cooling:Electric, Individual Cooling
  • Heating:Electric

Structure and exterior

  • Year built:1971
  • Construction Materials:Block, Painted

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$1,385,000
  • Tax amount:$2,493 (2025)

Parking

  • Total parking spaces:12
  • Parking description:1 Parking Space/Unit, Paved
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