2203 Mckinley StPhoenix, AZ 85006

Property Details for 2203 Mckinley St

Year built

1964

Property size (Sq ft)

5,220 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 10-unit apartment building, located at 2203 E McKinley St, Phoenix, AZ 85006, presents a compelling investment opportunity. Boasting 5,220 square feet on a 17,354 square foot lot (APN: 116-03-090G), this property is zoned R-4 by the City of Phoenix. Built in 1964, the complex has undergone significant updates, including a like-new roof and a completely refinished exterior. Interior renovations have been completed to enhance tenant comfort. Each unit benefits from on-site storage, and the property features a convenient on-site laundry facility and a spacious courtyard with potential for amenity expansion. Many units also include large private patios. The property enjoys a strong relationship with HOM Inc., ensuring consistent rental income and streamlined marketing. Its strategic location near Phoenix Sky Harbor International Airport benefits from nearby economic drivers in education, leisure, hospitality, and financial services. This well-maintained asset offers immediate cash flow potential and is available for acquisition with favorable seller financing. The property's strong tenant base and existing amenities make it an attractive investment for those seeking a stable and profitable multifamily property in a desirable Phoenix location.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4567

Longitude

-112.034

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