Phoenix, AZ 85009,3601 W MELVIN Street
Phoenix, AZ 85009,3601 W MELVIN Street
Phoenix, AZ 85009,3601 W MELVIN Street
Phoenix, AZ 85009,3601 W MELVIN Street
Phoenix, AZ 85009,3601 W MELVIN Street
Phoenix, AZ 85009,3601 W MELVIN Street
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$ 1,250,000
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$ 1,250,000
Est. payment | /mo
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision West Phoenix Addition

MLS Listing ID 6904880

Year Built 1946

Annual Tax Amount $1,587

Tax Year 2024

Lot Dimensions 12428

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

3601 W Melvin St is an 11-unit multifamily property located in the Estrella submarket of Phoenix, Arizona. Built in 1946, the asset consists of a gated community with a unit mix of (1) 2-bedroom and (10)1-bedroom apartments, averaging 453 square feet per unit and totaling approximately 4,980 square feet of rentable area. Strategically located just minutes from Downtown Phoenix, Sky Harbor Airport, and key employment hubs, this offering benefits from strong rental demand driven by workforce housing needs. With below-market rents, the property offers immediate upside through interior renovations and operational improvements. This asset is an ideal opportunity for investors seeking a low-basis, value-add multifamily opportunity in one of the fastest-growing metropolitan areas of the U.S.

Location

State AZ

County Maricopa

Community West Phoenix Addition

Zoning R-3

Interior

Heating Electric

Cooling Evaporative Cooling

Flooring Ceramic Tile, Vinyl

Appliance Built-In Range, Refrigerator

Exterior

Parking Features >1 Space Per Unit

Community Features No Pool

Roof Type Composition,Rolled/Hot Mop

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Alta E Butler School

High Schools Carl Hayden High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 106-15-142

Acceptable Financing CTL, Conventional

Listing Terms CTL, Conventional

Arizona Regional MLS (ARMLS)
Listed by Matthews Real Estate Investment Services
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14201 n Hayden rd, Ste c4, Scottsdale, Az, 85260, United States

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