313 Jones AvePhoenix, AZ 85041

Property Details for 313 Jones Ave

Property size (Sq ft)

9,734 SF

Property type

Residential income homes

Description

This exceptional multifamily investment opportunity encompasses two parcels located at 313 W Jones Ave and 4012 S 3rd Ave in Phoenix, Arizona, totaling 22 units and 9,734 square feet. The larger parcel features nine two-bedroom, one-bathroom units and eleven one-bedroom, one-bathroom units, situated on a substantial 34,788 square foot lot (APN: 113-04-023). The smaller parcel includes a duplex, primarily consisting of one-bedroom, one-bathroom units (APN: 113-04-018). The property is zoned R-3, offering potential for future development or expansion. This portfolio presents a compelling value-add opportunity for investors seeking a strong return. Its prime location offers convenient access to major transportation arteries, including the I-17 freeway and the Central Avenue light rail extension, providing residents with easy commutes to Downtown Phoenix and other key areas. The asking price for this lucrative investment is $1,420,000. This is a rare chance to acquire a well-positioned multifamily property in a thriving Phoenix market. The property's strong tenant base and strategic location make it an attractive investment with significant upside potential. Detailed financial information is available upon request.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4107

Longitude

-112.079

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