Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7041244
Year Built 1971
Annual Tax Amount $2,867
Tax Year 2025
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
The Kitchen is good sized which opens to the dining and living rooms. There is a washer/dryer in each unit. They are very nice units which gives the tenants a very comfortable feeling.
This Listing consists of 4 separate parcels that all have to be purchased together. Turney Villas is a centrally located multifamily investment opportunity consisting of a 16-unit apartment made up of mostly two bedroom/one bath units, and two separate houses. All units, except the one bedroom/one bath have a fenced in back or front yard. Most of the units have coated cement floors. There is both covered and uncovered parking available to the tenants, with ample street parking in front of the complex. The building was completely remodeled when the current owner purchased it.
The Kitchen is good sized which opens to the dining and living rooms. There is a washer/dryer in each unit. They are very nice units which gives the tenants a very comfortable feeling.
The property was previously rezoned to R4A with prior approval for up to 54 multifamily units across a 4-story configuration, providing investors with future density and redevelopment optionality.
Location Description:
Located within the highly desirable Biltmore and Midtown Phoenix corridor, Turney Villas benefits from strong connectivity to major employment centers, retail, entertainment, and transportation corridors. The property is very close to the AZ-51, which connects you into the 101, 202 and 10 freeways. You are close to Arcadia, Scottsdale, and the Camelback Corridor. This area is experiencing population growth, employment expansion, and limited infill housing supplies which keep up strong multifamily demand. This also sets up exceptional opportunity for future development.
Location
State AZ
County Maricopa
Area Maricopa
Zoning R4-A
Direction From 20th Street and Camelback Road, head South on 20th, past Campbell, and make first left at Turney. Head East to the property at the corner of 21st Street and Turney.
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Concrete
Appliance Refrigerator, Microwave, Washer/Dryer
Exterior
Parking Features Add'l Parking Avail, >1 Space Per Unit
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 163-31-012
Acceptable Financing Other (See Remarks)
Disclosures Seller Prop Disc Stm
Listing Terms Other (See Remarks)
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