2242 E Taylor Street, Phoenix, AZ 85006
- $675,000
- List Price
- $675,000
- Price Change
- ▼ $110,000 1778036963
- Days on Market
- 160
- Status
- ACTIVE
- MLS#
- 6986273
- City
- Phoenix
- Subdivision
- Aviation Homesites
- Year Built
- 1944
Property Description
A five-unit multifamily investment opportunity in the heart of Phoenix, Arizona. Originally constructed in 1944, the asset features a mix of 1, 2, and 3 bedroom floor plans. Each of the units have been updated within the last few years; however, future ownership will have the opportunity to capture additional upside through continued interior and exterior renovations. The asset is situated with convenient access to Downtown Phoenix, Sky Harbor International Airport, and major transportation corridors including Loop 202 and I-10. The current cap rate is 7.15% and the seller would be open to carrying with 40% down. An offering memorandum including additional photos is available upon request.
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Additional Information
- Elementary School
- Wilson Elementary School
- High School
- North High School
- Middle School
- Wilson Elementary School
- Community Features
- No Pool
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Central Air, 2 or More Units
- Electric
- APS, Individual Meter
- Exterior Features
- Sidewalk(s)
- Flooring
- Ceramic Tile
- Heating
- Electric
- New Financing
- Conventional, 1031 Exchange, Owner May Carry, Cash
- Parking Features
- Open, Paved, <1 Space Per Unit
- Roofing
- Composition
- Subdivision
- Aviation Homesites
- Taxes
- $1,093
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 5
- Water
- City Franchise
- Zoning
- R-4
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Listing courtesy of Matthews Real Estate Investment Services.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.