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1232 E Virginia Ave
Phoenix, AZ 85006
1232 E Virginia AV · Multifamily Property For Sale · 3 Units

Investment Highlights

  • Turnkey Investment Opportunity
  • Low-Maintenance Asset
  • Brick Construction
  • New Energy-Efficient Windows
  • Near Downtown Phoenix & Major Hospitals

Executive Summary

**Rare Turnkey Triplex Investment | Central Phoenix (85006)**
Rare opportunity to acquire a turnkey triplex in the highly desirable Central Phoenix 85006 submarket. This well-maintained, brick-constructed property features three updated units with recent renovations, including new energy-efficient windows and modern interior finishes.
Property amenities include central air conditioning, natural gas heating, concrete flooring, standard kitchen appliances, and assigned paved parking. The durable brick construction and recent improvements provide a low-maintenance investment opportunity.
Tenants are responsible for electricity, natural gas, and cable, helping minimize owner operating expenses.
Ideally located near Downtown Phoenix, Banner University Medical Center, Phoenix Children's Hospital, major employment centers, public transportation, and freeway access, the property benefits from strong rental demand and excellent long-term appreciation potential.
**Property Highlights**
* Turnkey triplex
* Solid brick construction
* Updated interiors
* New energy-efficient windows
* Central A/C
* Natural gas heating
* Assigned paved parking
* Tenants pay electricity, gas, and cable
* Strong Central Phoenix (85006) location
* Low-maintenance investment opportunity

Property Facts

Price Per Unit $413,264 CAD
Sale Type Investment
Cap Rate 6.11%
Sale Condition 1031 Exchange
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.17 AC
Building Size 2,220 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1945/2019
Parking Ratio 2.7/1,000 SF
Opportunity Zone Yes
Zoning M-M

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Double Pane Windows
  • Patio
  • Window Coverings

Site Amenities

  • Fenced Lot
  • Gas Range
  • Pet Play Area
  • Trash Pickup - Curbside
  • Vintage Building

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3 - 740

Property Taxes

Property Taxes

Parcel Number
117-21-120
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$11,006 CAD
  • Listing ID: 41179708

  • Date on Market: 2026-07-06

  • Last Updated:

  • Address: 1232 E Virginia Ave, Phoenix, AZ 85006

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