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● For sale

$1,699,000

5035 N 23RD Avenue, Phoenix, AZ 85015

CAMELBACK GARDENS · Maricopa County

Built 1958 No HOA

90 days on market

Description

Uptown PHX 9-unit complex spread out over close to a 25,000-sf lot with R-3 zoning. 7.2 CAP off 2025 P&L w/ 100% occupancy. Nice pocket north of Camelback Road, 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down in 1st position only). Fully upgraded & fully stabilized. 2025 P&L of $122,000 NOI. Seven buildings. The unit mix consists of (2) two-bedroom units; (4) one-bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. Over $250,000 in renovations just a few years ago.

Property details

Interior

Bathrooms

Total Bathrooms: 0

Interior Features

Flooring: Ceramic Tile, Other

Appliances

Free-Standing Range
Refrigerator
Dishwasher
Microwave
Other
See Remarks

Heating and Cooling

Cooling Features: Heat Pump, Other, Electric, See Remarks
Heating Features: Electric, Natural Gas, Heat Pump, Other

Exterior

Exterior and Lot Features

Sidewalk(s)

Land Info

Lot Size Dimensions: .556 acres

Garage and Parking

Attached Garage: No
Parking Features: Open, Paved, >1 Space Per Unit, Assigned, Off Street

Community

Neighborhood

Subdivision: CAMELBACK GARDENS

Listing

Other Property Info

Annual Tax Amount: $6,272
Source Listing Status: Active
County: Maricopa
Directions: East of the I-17 and north of Camelback Rd.
Parcel Number: 153-25-053
Zoning: R3
Postal City: Phoenix
Listing Date: 3/2/2026
MLS#: 6993194

Features

Building and Construction

Year Built: 1958
Property Age: 68
Construction Materials: Block, Wood Frame, Painted, Stucco
Roof: Composition, Rolled/Hot Mop

Utilities

Sewer: Sewer-In & Connected, See Remarks
Water Source: City Franchise, See Remarks

Contact Us

Ask a question or schedule a showing

Listed by James C Stephens Better Homes & Gardens Real Estate SJ Fowler

Listing updated: May 26, 2026

MLS#: 6993194

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