525 N 32ND Street Active Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85008
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Shelton Add To Acre City
MLS Listing ID 6817995
Maintenance Fees $5,000
Year Built 1947
Annual Tax Amount $2,789
Tax Year 2024
Lot Dimensions irr
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Thirteen on 32nd Street Apartments
525 & 526 N 32nd Street, Phoenix, AZ
APNs: 121-17-026-A and 121-17-028-A
Welcome to Thirteen on 32nd Street Apartments, a well-located multifamily investment opportunity in the heart of Phoenix, Arizona. Positioned directly across from the Celebrity Theatre and just minutes from Phoenix Sky Harbor International Airport, this property offers prime access to major freeways including the 202, 51, and I-10—placing residents within 10 minutes of Downtown Phoenix and key employment hubs.
This offering includes two contiguous parcels comprising a total of 13 rental units across approximately 10,498 square feet. The unit mix offers flexibility and income diversity, featuring: 5 legal studio units, plus 1 additional studio added by the seller (currently renting for $750-$850; market rent approx. $950)
6 one-bedroom units (currently renting for $850; market rent approx. $950)
1 detached single-family residence: a 2-bedroom, 1-bath home with an attached 1-bedroom apartment
With below-market rents and the area's rapidly increasing rental demand, Thirteen on 32nd presents a compelling value-add or repositioning opportunity for investors seeking immediate upside through rent stabilization and potential redevelopment. Seller's have put in storage units for tenants to collect additional income of average of 25 monthly. Tenants also can enjoy an onsite laundry room
Residents enjoy private balconies or patios, and the property benefits from a high-visibility location close to Valley wise Health Medical Center VA hospital and major employers surrounding the airport corridor.
This is a rare opportunity to acquire a strategically located, income-generating asset in a thriving urban submarket with significant growth potential.
All figures are approximate. Buyer to verify all information.
Location
State AZ
County Maricopa
Community Shelton Add To Acre City
Zoning Multi
Direction 32nd ST and Roosevelt
Interior
Heating Individual
Cooling Individual
Flooring Carpet,Ceramic Tile,Vinyl
Appliance Free-Standing Range,Refrigerator
Exterior
Parking Features Paved,Free
Community Features No Pool
Roof Type Composition,Tile,Built-Up
Total Parking Spaces 14
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Brunson-Lee Elementary School
Middle Schools Balsz Online Academy (B.O.A.)
High Schools Alhambra High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 121-17-026-A
Acceptable Financing Conventional
Listing Terms Conventional