$599,000
Phoenix, AZ 85006
MLS# 7011513
Status: UCB (Under Contract-Backups)
1 / 42
Property Description
Calling all investors! Incredible opportunity to own a fourplex in the heart of Phoenix with major upside potential. This property offers a strong value-add opportunity for the right buyer ready to complete renovations and maximize income. Unit 1 has been fully demoed and is ready for renovation, offering a blank slate to create a turnkey 3-bedroom, 2-bath unit with in-unit laundry. Units 3 and 4 have been partially remodeled and are awaiting completion. Both units are 1-bedroom, 1-bath layouts. Units 1, 3, and 4 are currently vacant. Unit 2 is tenant occupied at this time, though the tenant is expected to vacate.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $599,000
List Price: $599,000
Status: UCB (Under Contract-Backups)
List Date: 2026-04-09
Location, Tax & Legal
Unit #: 4
Building Number: 1
Assessor's Map #: 8
Legal Description (Abbrev): LOT 14 2 AVALON BLOCKS 5-8 MCR 001624
Assessor's Parcel #: 24
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111601
Taxes: 1435
Legal: LOT 14 2 AVALON BLOCKS 5-8 MCR 001624
Marketing Name: NONE
House Number: 2301
Compass: E
Street Name: HARVARD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1577
Country: US
County Code: Maricopa
Subdivision: AVALON BLOCKS 5-8
Assessor Number: 117-08-024
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 128.99x74.93
Flood Zone: No
Total # of Units: 4
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: William T Machan Elementary School
Jr. High School: William T Machan Elementary School
High School: Camelback High School
Year Built: 1960
Zoning: Multi
Legal Info
Range: 3E
Section: 34
Township: 2N
Lot Number: 14 2
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Built-Up: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 1435
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 0
Equity: 599000
Down Payment %: 25
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Electric: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Built-In Electric Oven: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
None: 1
New Financing
Cash: 1
Special
REO Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
# Efficiency Units: 4
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 0
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 0
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Thomas & 24th ST
Directions: Thomas & 24th ST Directions: North on 24th St to Harvard west to property
Geo Lat: 33.473677
Geo Lon: -112.032188
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Built-Up
Floors: Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Built-In Electric Oven
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Other (See Remarks)
Special: REO Property
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash
Environmental: None
Supplements
Whether you're looking to renovate and hold, reposition for stronger rents, or add to your investment portfolio, this fourplex presents a rare opportunity in a desirable central Phoenix location.
Listing Office: Keller Williams Realty Sonoran Living
Last Updated: April - 30 - 2026
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