1514 Sherman StPhoenix, AZ 85007

Property Details for 1514 Sherman St

Property size (Sq ft)

840 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a three-unit multifamily property located at 1514 W Sherman Street, Phoenix, Arizona, 85007. The property, situated on a 7,080 square foot lot (APN 112-10-050), consists of a front duplex featuring two one-bedroom, one-bathroom units and a separate single-family residence at the rear with two bedrooms and one bathroom. The total square footage is 840 square feet. The property is zoned R-3, offering potential for future development or expansion. Its prime location near Downtown Phoenix and Phoenix Memorial Hospital provides excellent access to amenities, employment centers, and transportation. This value-add opportunity is ideal for investors seeking a strong return on investment in a rapidly growing area. The property's proximity to Downtown Phoenix makes it an attractive option for renters seeking convenient access to urban amenities. The existing units offer immediate rental income potential, while the R-3 zoning allows for flexibility in future development plans. This is a rare chance to acquire a well-located multifamily property in a thriving market. The property is ready for a discerning investor to capitalize on its potential.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4406

Longitude

-112.093

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