2301 W Hayward Ave 3 Unit Apartment Building $1,176,060 CAD ($392,020 CAD/Unit) Phoenix, AZ 85021

PACKAGE SALE: Capstone Realty Professionals is pleased to present the Hayward Avenue Portfolio, a unique income-producing residential investment opportunity in central Phoenix. 2301 W Hayward Ave is being offered exclusively with 2305 W Hayward Ave. The properties must be purchased together and will not be sold separately.
The portfolio consists of three occupied single-family residences situated on a substantial site and zoned R-3, combining established rental income with significant additional improvements. The residences feature a mix of month-to-month and longer-term lease structures extending through 2027, giving an investor the opportunity to take over the existing tenants and leases if desired while maintaining flexibility for the future. One residence is currently leased through a City of Phoenix Housing Voucher Program contract, providing an additional source of income stability.
The residential improvements include updated interiors, renovated kitchens and bathrooms, durable flooring finishes, and practical single-level floor plans designed for long-term occupancy. Beyond the residences, the property offers features rarely found in a traditional residential investment, including an approximately 4,000-square-foot shop, an 18-car carport, additional covered work areas, extensive paved parking, and space for vehicle, RV, equipment, or other storage and workshop uses permitted under applicable regulations.
Adding to the property's long-term potential, City planning staff have indicated that the site could support a six-unit multifamily development (6-plex), subject to applicable City requirements, approvals, and buyer verification. The site is reported as R-3 zoned, with certain existing uses noted as predating City of Phoenix annexation, creating an interesting combination of current income and potential future redevelopment or operational flexibility.
Conveniently located near 23rd Avenue and Northern Avenue, the portfolio provides quick access to I-17 and major employment, shopping, dining, and service corridors throughout central Phoenix. With three existing single-family residences, in-place tenants, R-3 zoning, a large shop, extensive covered parking, and potential future multifamily development, the Hayward Avenue Portfolio presents a distinctive opportunity for an investor seeking immediate rental income with additional long-term potential.exibility.