Listing Courtesy of: Arizona Regional MLS / Grace Cre
525 N 32nd Street Phoenix, AZ 85008
Active (78 Days)
$1,495,000
Description
MLS #:
6817995
6817995
Taxes
$2,789
$2,789
Type
Multifamily
Multifamily
Year Built
1947
1947
County
Maricopa County
Maricopa County
Listed By
Sophia J Willets, Grace Cre
Source
Arizona Regional MLS
Last checked Apr 28 2025 at 1:56 PM GMT+0000
Arizona Regional MLS
Last checked Apr 28 2025 at 1:56 PM GMT+0000
Bathroom Details
Heating and Cooling
- Individual
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Exterior Features
- Painted
- Slump Block
- Roof: Composition
- Roof: Tile
- Roof: Built-Up
Utility Information
- Sewer: Public Sewer
School Information
- Elementary School: Brunson-Lee Elementary School
- Middle School: Balsz Online Academy (B.o.a.)
- High School: Alhambra High School
Parking
- Paved
- Free
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listing Data Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 4/28/25 06:56.
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 4/28/25 06:56.
This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add opportunity with below-market rents and redevelopment potential.
Property Details:
Studios: Currently rented at $750-$850 (Market: $950).
One-Bedroom Units: Currently at $850 to $950).
Three-Bedroom, One-Bath House (on second lot with an attached one-bedroom apartment): Rented at $1,300 with a $600 discount for the on-site manager (Market: $1,500).
Investment Highlights: Welcome to Twelve on 32nd Street Apartments, a centrally located multifamily investment in Phoenix, just across from Celebrity Theatre and near the Phoenix Airport with convenient freeway access.
This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add opportunity with below-market rents and redevelopment potential.
Property Details:
Studios: Currently rented at $750-$850 (Market: $950).
One-Bedroom Units: Currently at $850 (Market: $950).
Three-Bedroom, One-Bath House (on second lot with an attached one-bedroom apartment): Rented at $1,300 with a $600 discount for the on-site manager (Market: $1,500).
Investment Highlights:
Below-Market Rents - Strong upside potential to increase rental income.
Redevelopment Potential - Opportunity to add more units or reposition the property.
Prime Location - Close to major transit, entertainment, and employment hubs.
All facts and figures are approximate. Buyer to verify all MLS information.