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2719 W Maryland Avenue, Phoenix, AZ 85017

Phoenix
Local realty services provided by:CENTURY 21 Arizona Foothills
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
  • Listing ID #:7043158
  • Updated:June 18, 2026 at 02:35 AM

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
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. ARMLS Member Broker: Floyd Scott

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