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SFR & Studio on 55th ave 3115 N 55th Ave 2 Unit Apartment Building $470,753 CAD ($235,376 CAD/Unit) Phoenix, AZ 85031

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Executive Summary

Motivated seller offering seller concessions! This property boasts a beautifully designed 3-bedroom, 2-bath main residence, complemented by a separate studio that can serve as a lucrative rental space or offer privacy and convenience for extended family members or visiting guests. A versatile gem that seamlessly blends comfortable living with fantastic investment potential with NO HOA. This property is a unique offering in the Phoenix real estate market, ideal for families, investors, or anyone looking to enjoy the flexibility of a dual-purpose living space. Situated directly across from Marivue Park, you have the convenience of walking out your front door and immediately accessing facilities for volleyball, basketball or simply enjoying a walk—all right at your doorstep.
The home's exterior has been recently refreshed with a new coat of paint, and its location offers quick access to the freeway, ensuring easy commutes. *TENANT OCCUPIED, PLEASE DO NOT DISTURB. DRIVE BY ONLY.*

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $47,485 $26.57
Other Income - -
Vacancy Loss $2,374 $1.33
Effective Gross Income $45,110 $25.24
Taxes $2,733 $1.53
Operating Expenses $955 $0.53
Total Expenses $3,688 $2.06
Net Operating Income $41,422 $23.18

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $47,485
Annual Per SF $26.57
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $2,374
Annual Per SF $1.33
Effective Gross Income (CAD)
Annual $45,110
Annual Per SF $25.24
Taxes (CAD)
Annual $2,733
Annual Per SF $1.53
Operating Expenses (CAD)
Annual $955
Annual Per SF $0.53
Total Expenses (CAD)
Annual $3,688
Annual Per SF $2.06
Net Operating Income (CAD)
Annual $41,422
Annual Per SF $23.18

Property Facts

Price $470,753 CAD
Price Per Unit $235,376 CAD
Sale Type Investment
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single-Family Home
Building Class C
Lot Size 0.17 AC
Building Size 1,787 SF
Average Occupancy 0%
No. Stories 1
Year Built 1959
Zoning R-6 - R-6, Residential

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 1 - 1,457
Studios 1 - 330

Property Taxes

Property Taxes

Parcel Number
103-38-022
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$15,707 CAD (2025)
Annual Taxes
$2,733 CAD ($1.53 CAD/SF)
Tax Year
2023
  • Listing ID: 33171006

  • Date on Market: 2024-09-13

  • Last Updated:

  • Address: 3115 N 55th Ave, Phoenix, AZ 85031

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