2916 E MONROE St, Phoenix, AZ 85034
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Overview
9 unit multifamily investment opportunity in Phoenix, AZ. Built in 1946, the property spans two contiguous parcels (2916 and 2920 E. Monroe Street) and features a diverse mix mix: (3) studios, (3) one-bedrooms, (2) two-bedrooms, and (1) large three-bedroom unit over 1,000 SF. The asset offers a cap rate of 7.79% on current financials resulting in stable cash flow with upside potential. Current ownership has already completed a full sewer line replacement, mitigating a major capital expense. Strategically located, the property provides convenient access to Downtown Phoenix, Phoenix Sky Harbor International Airport, and major transportation corridors (Loop 202 and I-10), ensuring strong long-term tenant demand and investment stability.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Lot size (acres)
- 0.34
- Year built
- 1944
Exterior features
- Horse amenities
- Stable
Utilities
- Heating
- Electric, Heat Pump, See Remarks
- Cooling
- Central Air
Taxes
- Tax Annual Amount (2025)
- $1,557
Public schools
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Sourced from: Arizona Regional Multiple Listing Service (ARMLS) MLS®#: 6990042 Last checked: …
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