2719 W MARYLAND Avenue, Phoenix, AZ 85017
2719 W MARYLAND Avenue, Phoenix, AZ 85017
2719 W MARYLAND Avenue, Phoenix, AZ 85017
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$1,385,000
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2719 W MARYLAND Avenue Phoenix, AZ 85017

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Patti S- AZ Home Info

Patti S- AZ Home Info

+1(602) 818-1667

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Ambassador Hts 9-14

MLS Listing ID 7043158

Year Built 1971

Annual Tax Amount $2,493

Tax Year 2025

Lot Dimensions 152 X 60

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

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.

Location

State AZ

County Maricopa

Community Ambassador Hts 9-14

Area Maricopa

Zoning R-3

Interior

Heating See Remarks, Electric

Cooling Electric, Individual

Flooring Vinyl

Appliance Built-In Range, Other, Disposal, Refrigerator, Microwave

Exterior

Parking Features Paved, 1 Space/Unit

Community Features No Pool

Roof Type Built-Up

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Glendale Union High School District

Others

Senior Community No

Tax ID 152-14-014-A

Acceptable Financing Other (See Remarks), CTL, Conventional, 1031 Exchange

Disclosures None

Listing Terms Other (See Remarks), CTL, Conventional, 1031 Exchange

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Matthews Real Estate Investment Services • Bradley Skenderian

NEARBY SCHOOL & BUSINESS

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Patti S- AZ Home Info

Patti S- AZ Home Info

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+1(602) 818-1667

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2719 W MARYLAND Avenue