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John Herkenrath

Epique

johnherkenrath@epiquerealty.com +1(310) 221-2910

$595,000

Est. payment - /mo

5 Beds

3 Baths

1,927 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,927 sqft

Price per Sqft $308

Subdivision Avalon Blocks 5-8

MLS Listing ID 7070129

Style Ranch

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1974

Annual Tax Amount $612

Tax Year 2025

Lot Size 6,752 Sqft

Acres 0.16

Property Sub-Type Single Family Residence

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Turnkey Central Phoenix investment with two separate residences and established rental income! This beautifully remodeled property features a fully updated 3-bedroom, 2-bath main home plus a newly constructed 2-bedroom, 1-bath casita, creating two independent income-producing dwellings on one lot. Both residences are currently tenant occupied with new one-year leases in place, offering an investor immediate rental income and greater income stability from day one.
The main home has been extensively updated with a modern kitchen, renovated bathrooms, new roof, HVAC, and contemporary finishes throughout. The newly constructed casita offers spacious bedrooms, a full bath, and an open living area, providing a desirable second rental opportunity. With two established tenants, two separate rental units, and new leases in place, this property offers an attractive combination of current cash flow and long-term investment potential. Conveniently located in Central Phoenix with easy access to Downtown Phoenix, Sky Harbor International Airport, major hospitals, dining, shopping, and major freeways.

An excellent opportunity to acquire a turnkey, income-producing property with two separate residences and immediate rental income already in place.

Location

State AZ

County Maricopa

Community Avalon Blocks 5-8

Area Maricopa

Direction South on 24th St. Turn right on Harvard St. Continue past 22nd St. House on right.

Rooms

Guest Accommodations 835.0

Master Bathroom true

Den/Bedroom Plus 5

Separate Den/Office N

Interior

Interior Features Eat-in Kitchen, Full Bth Master Bdrm

Heating Electric

Cooling Central Air

Flooring Vinyl

Fireplace No

Appliance Dryer, Washer

SPA None

Laundry Inside

Exterior

Carport Spaces 1

Fence Chain Link

Community Features Near Light Rail Stop, Near Bus Stop, Biking/Walking Path

Utilities Available APS

Roof Type Composition

Porch Covered Patio(s), Patio

Private Pool No

Building

Lot Description Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Frnt, Synthetic Grass Back

Story 1

Builder Name Stocks Construction

Sewer Public Sewer

Water City Water

Architectural Style Ranch

New Construction No

Schools

Elementary Schools William T Machan Elementary School

Middle Schools William T Machan Elementary School

High Schools Camelback High School

School District Phoenix Union High School District

Others

HOA Fee Include No Fees

Senior Community No

Tax ID 117-07-004

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Horse Property N

Disclosures Agency Discl Req, None, Seller Discl Avail

Possession Subject To Tenant Rights

Listing Terms Cash, Conventional

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Listed by APB Valley Spaces • Augustine Bartning

NEARBY SCHOOL & BUSINESS

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359

2134 E HARVARD Street Phoenix, AZ 85006