Phoenix, AZ 85016
AVENEL PARK
$515,000
$354 / sf
Listing courtesy ofDeLex Realty — Jodi Wilcox · 602-910-3002
Investor/developer opportunity in the heart of Phx. This home is currently set up as a duplex. It features two 2/1 units, both currently leased, delivering immediate and stable cash flow. The property sits on a generously sized lot with favorable multifamily zoning, offering significant potential to build additional units or redevelop for higher density (buyer to verify). Positioned in a high-demand rental corridor near Arcadia Lite and Biltmore Fashion Park, the location supports strong tenant demand and long term appreciation. Easy access to major freeways, employment hubs, dining, and retail adds to the asset's appeal. Ideal for investors seeking a stabilized income property with clear value-add and development upside in one of Phoenix's fastest-growing submarkets. Home needs repairs.
1 story · Built 1930
Other laundry
None
Other · Other fencing · None
Other heating · Other cooling
Carry cost at today’s rate, including taxes, insurance, and HOA.
$3,122
Estimate only · Insurance modeled at 0.35% of value annually · Verify all costs with your lender.