1945 W VAN BUREN Street, Phoenix, AZ 85009

$1,099,900
Property Type: Multiple Dwellings Status: Active
Current Price: $1,099,900 Last Modified: 4/07/2026

Overview

Description

EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability.

Supplements: CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chan ...

Listing Details MLS# 6785949

Location, Tax & Legal

House Number
1945
Compass
W
Street Name
VAN BUREN
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85009
Zip4
3805
County Code
Maricopa
Subdivision
CAPITOL ADDITION
Assessor Number
109-31-103-A
Tax Year
2024
Assessor's Map #
31
Legal Description (Abbrev)
CAPITOL MCR 2-13 LOTS 12 13 & LOT 11 EX E 30F BLK 53 & PT VAN BUREN ST VAC LY N & ADJ TO SD LOTS & A
Assessor's Parcel #
103
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
114402
Taxes
6034
Legal
CAPITOL MCR 2-13 LOTS 12 13 & LOT 11 EX E 30F BLK 53 & PT VAN BUREN ST VAC LY N & ADJ TO SD LOTS & A
Marketing Name
CAPITOL

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
91 x 161
Year Built
1952
Uncvrd Parking Spcs
9
Total # of Units
22
# of Buildings
4
Zoning
C3
Flood Zone
TBD
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
19th Ave and Van Buren
Directions
West on Van Buren to the property on the SEC of 20th and Van Buren

Legal Info

Township
1N
Range
2E
Section
12
Lot Number
11

Showing Notification Methods

Showing Service
Aligned Showings

More Information

Efficiency Units

# Efficiency Units
20
Avg SqFt
325
# Baths
Yes
Avg Rent
0

1 Bedroom Units

# Baths
Yes
Avg Rent
0

Contact Info

List Agent Home Phn
480-785-5612

Project Type

13 - 24 Units
Yes

Other Type

House + Rental Units
Yes
Hotel/Motel
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Tile
Yes

Floors

Concrete
Yes
Vinyl
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes
Laundry Equipment
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
6034
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0
Total Monthly Rental Income
0

Pmt & Rate Info

Equity
1099900
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Supra
Yes
Combo
Yes

Community Features

No Pool
Yes

Heating

Other
Yes

Cooling

Other
Yes

Tenant Pays

Other (See Remarks)
Yes

Appliances Included

None
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
Paved
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Electric
Yes

New Financing

Cash
Yes
No Carry
Yes
Other (See Remarks)
Yes

Special

REO Property
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

Other (See Remarks)
Yes

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 13 - 24 Units Other Type: House + Rental Units; Hotel/Motel Construction: Block Const - Finish: Painted Roofing: Tile Floors: Concrete; Vinyl Sale Includes: Land & Building; Personal Property; Laundry Equipment Community Features: No Pool Appliances Included: None Heating: Other Cooling: Other Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: On Street; Paved Road Surface Type: Asphalt Owner Pays: Water; Electric Tenant Pays: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Special: REO Property Lockbox Type: Supra; Combo Existing 1st Loan: Treat as Free&Clear New Financing: Cash; No Carry; Other (See Remarks) Environmental: Other (See Remarks)
Listing Office: JM Realty
IDX
Last Updated: April - 07 - 2026
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