$3,100,000
Phoenix, AZ 85008
MLS# 7094624
25 beds | 20 baths
1 / 20
Property Description
Exceptional Investment Opportunity in a Prime Phoenix Location! Papago View Apartments is a 20 Unit Complex consisting of 5 buildings with 4 units each. Built in 1964 with Solid Block Construction on a 36,000 sq. ft. lot, 19 of the 20 Units have been remodeled with new appliances, cabinetry, countertops & HVAC units. The unit mix is 15 One Bedroom Units and 5 Two Bedroom Units with several units having a private yard. Located just off the Loop 202, tenants enjoy quick commutes & proximity to many outdoor attractions such as Papago Park & the Phoenix Zoo. Exterior Inspection Only. Interior Inspection Only Upon Accepted Contract Unless Vacant Unit is Available.
Details
Contract Info
Current Price: $3,100,000
List Price: $3,100,000
Status: Active
List Date: 2026-10-15
Ownership: Fee Simple
Location, Tax & Legal
House Number: 320
Compass: N
Street Name: 52ND
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 6738
Country: US
County Code: Maricopa
Subdivision: PAPAGO ADDITION 3
Assessor Number: 125-05-026
Tax Year: 2025
General Property Description
Lot Size Dimensions: 100x360
Year Built: 1964
Uncvrd Parking Spcs: 20
Total # of Units: 20
# of Buildings: 5
Zoning: R-5
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Legal Info
Township: 1N
Range: 4E
Section: 5
Lot Number: 26
1 Bedroom Units
# 1 Bedroom Units: 15
Avg Rent: 1150
Avg SqFt: 625
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 1450
Avg SqFt: 805
# Baths: 1
Structure
Bedrooms Total: 25
Bathrooms Total: 20
Showing Notification Methods
Showing Service: Aligned Showings
Remarks Misc
Directions: South on 52nd Street to property on West side of the one way street, just North of Van Buren
Geo Lat: 33.451884
Geo Lon: -111.97051
Income Expenses
Gross Annual Sch Inc: 294000
Net Operating Income: 224653
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted
Roofing: Foam
Floors: Vinyl
Sale Includes: Land & Building; Pool Equipment; Laundry Equipment
Community Features: Pool; Manager Res/Office
Exterior Amenities: Landscape Water System; Desert Landscaping; Partially Fenced
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave
Heating: Ceiling
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office: MCO Realty
Office Phone: 480-837-2500
Office Email: [email protected]
Last Updated: October - 16 - 2026
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