1519 Desert Cove AvePhoenix, AZ 85029

This exceptional investment opportunity presents a three-unit multifamily property located at 1519 W Desert Cove Avenue, Phoenix, AZ. Situated on a 0.16-acre lot within the desirable Sunnyslope submarket, this property offers significant upside potential. The complex currently boasts three fully occupied units generating substantial rental income. One unit is a two-bedroom, one-bathroom apartment renting for $1,171 per month, while the other two units are one-bedroom, one-bathroom apartments renting for $1,136 and $1,146 per month respectively. All tenants are on month-to-month leases, providing flexibility for future management. The property benefits from individually metered electric and gas for each unit, simplifying utility management. A fixed monthly water and sewer charge of $71 per unit is included. This property's strategic location directly across from an 88-unit affordable housing project developed by Commonwealth Development adds to its appeal and potential for long-term growth. The asking price for this value-add investment is $450,000. This presents a compelling opportunity for investors seeking strong cash flow and future appreciation in a thriving Phoenix neighborhood.