3849 N 23RD Drive, Phoenix, AZ 85015

$675,000
Property Type: Multiple Dwellings Status: Active
Current Price: $675,000 Last Modified: 6/06/2026

Overview

Description

Great investment opportunity with this value add 4 plex consisting of 2 separate buildings on a large lot with a very open and spacious community courtyard perfect for gathering, BBQ's or visiting with your neighbors. All units are 2 bedrooms with 1 bathroom and come with a separate storage/laundry room. Conveniently located for easy commute to Grand Canyon University (2 miles), downtown Phoenix, mid town Phoenix and Steel Indian School Park. Perfect investment opportunity with all tenants on a month-to-month lease ready for updating and rental rate increases.

Listing Details MLS# 7034632

Location, Tax & Legal

House Number
3849
Compass
N
Street Name
23RD
St Suffix
Drive
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85015
Zip4
5373
Country
US
County Code
Maricopa
Subdivision
GERARDO PARK LOTS 1-10
Assessor Number
110-04-026
Tax Year
2025
Assessor's Map #
4
Legal Description (Abbrev)
LOT 36 GERARDO PARK LOTS 1-10 MCR 004023
Assessor's Parcel #
26
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
117000
Taxes
2001
Legal
LOT 36 GERARDO PARK LOTS 1-10 MCR 004023
Marketing Name
Ayala Square

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
11,424
Year Built
1984
Uncvrd Parking Spcs
8
Total # of Units
4
# of Buildings
2
Zoning
R-3
Flood Zone
No
Elementary School District
Alhambra Elementary District
High School District
Phoenix Union High School District
Elementary School
Westwood Elementary School
Jr. High School
Choice Learning Academy
High School
Central High School

Remarks Misc

Cross Street
23rd Ave. and Indian School Road
Directions
From Indian School head South on N. 23rd Ave., West on Fairmount Ave., South on 23rd Dr., 2nd property on East Side.

Legal Info

Township
2N
Range
2E
Section
25
Lot Number
36

Income Expenses

Gross Annual Sch Inc
47100

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg SqFt
750
# Baths
Yes
Avg Rent
0

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes
Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
2617
Annual Land Lse Exp
0
Annual Legal & Acctg
0
Annual Mgmt Exp
0
Annual Wtr/Swr Exp
6600
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
11218
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
47100

Pmt & Rate Info

Equity
675000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Supra
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Heat Pump
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes
Sidewalk(s)
Yes
Separate Storage
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes
Drapes
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Built-In Electric Oven
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes

Road Access Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
1 Space/Unit
Yes
>1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

Fuel/Chemical Tanks
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Composition Floors: Laminate; Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Sidewalk(s); Separate Storage Interior Features: Fire/Smoke Alarm(s); Mini Blinds; Drapes Appliances Included: Built-In Electric Oven; Refrigerator; Disposal; Microwave Cooling: Ceiling Fan(s); Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: On Street; 1 Space/Unit; >1 Space Per Unit Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Terms: Not Applicable New Financing: Cash; VA; FHA; Conventional Environmental: Fuel/Chemical Tanks
IDX
Listing Office: HomeSmart
Last Updated: June - 06 - 2026
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