4 Beds
3 Baths
1,485 SqFt
4 Beds
3 Baths
1,485 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,485 sqft
Price per Sqft $454
Subdivision Steve Rayburn Subdivision
MLS Listing ID 6944308
Bedrooms 4
HOA Y/N No
Year Built 1943
Annual Tax Amount $983
Tax Year 2025
Lot Size 6,426 Sqft
Acres 0.15
Property Sub-Type Single Family Residence
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Cap rate 10%+, average occupancy 75%, and strong Airbnb rating of 4.8+ stars! Comes with confirmed future bookings totaling over $5,500 through Jan 1, 2026.
Property consists of one 2-bed/1-bath unit, one 1 bed/1 bath unit and private studio — each with its own kitchen, full bath, and separate entrance. The separate laundry room & shed serves gusts and maids. A fenced common courtyard offers a grill, fire pit, and lounge area with hammock — perfect for guest enjoyment. Separate maintenance/storage shed for cleaning crew and supplies. Every unit comes with furniture and decor. The property located in a high-demand area near Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, and the airport.
R-3 Multifamily Zoning allows flexibility for future expansion or redevelopment. Expect immediate income with no additional work required!
Location
State AZ
County Maricopa
Community Steve Rayburn Subdivision
Area Maricopa
Direction North on 15th Ave from Buckeye Rd, West on Tonto to home on the south.
Rooms
Master Bedroom Split
Den/Bedroom Plus 4
Separate Den/Office N
Interior
Interior Features High Speed Internet, Granite Counters, Eat-in Kitchen, Furnished(See Rmrks), 2 Master Baths, Full Bth Master Bdrm
Heating Electric
Cooling Central Air, Mini Split
Flooring Tile
Fireplace No
Window Features Dual Pane
Appliance Built-In Gas Oven
SPA None
Exterior
Exterior Feature Private Yard, Screened in Patio(s), Separate Guest House
Carport Spaces 1
Fence Block
Utilities Available APS
Roof Type Composition
Porch Covered Patio(s), Patio
Private Pool No
Building
Lot Description Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Back
Story 1
Builder Name unknown
Sewer Public Sewer
Water City Water
Structure Type Private Yard,Screened in Patio(s), Separate Guest House
New Construction No
Schools
Elementary Schools Paul Dunbar Lawrence School
Middle Schools Paul Dunbar Lawrence School
High Schools Carl Hayden High School
School District Phoenix Union High School District
Others
HOA Fee Include No Fees
Senior Community No
Tax ID 112-14-112
Ownership Fee Simple
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Horse Property N
Disclosures Seller Discl Avail
Possession Close Of Escrow
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Owner/Agent
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.