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Bushnell Real Estate Solutions
2916 E Monroe Street, Phoenix, AZ 85034
- $995,000
- 13
- BD
- 9
- BA
Courtesy of Matthews of Arizona. milton.braasch@matthews.com
- List Price
- $995,000
- Status
- ACTIVE
- MLS#
- 7103349
- Subtype
- Multiple Dwellings
- Year Built
- 1944
- Bedrooms
- 13
- Bathrooms
- 9
- Subdivision
- El Molino Place
Property Description
9-unit multifamily investment opportunity in Phoenix, AZ. Built in 1946, the property spans two contiguous parcels (2916 and 2920 E. Monroe Street) and features a diverse unit mix: three studios, three one-bedrooms, two two-bedrooms, and one large three-bedroom unit over 1,000 SF. The asset offers stable current cash flow with upside potential through interior and exterior renovations. Current ownership has already completed a full sewer line replacement, mitigating a major capital expense. Strategically located, the property provides convenient access to Downtown Phoenix, Phoenix Sky Harbor International Airport, and major transportation corridors (Loop 202 and I-10), ensuring strong long-term tenant demand and investment stability.
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Additional Information
- Taxes
- $1,557
- Zoning
- R-5
- Flooring
- Ceramic Tile, Other
- Appliances
- Built-In Range, Free-Standing Range, Refrigerator, Microwave, Other
- Heating
- Electric, Heat Pump, Varies by Unit, See Remarks
- Air Conditioning
- Central Air, Varies by Unit, See Remarks
- Exterior Construction
- Wood Frame, Other, Painted, Stucco
- Parking Features
- Other, On Street, >1 Space Per Unit
- Middle School
- Wilson Elementary School
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