Active

2925 W HIGHLAND Avenue

Phoenix AZ, 85017

$387,500


$230.11 per sqft

Active

4 Beds

3 Baths

1,684 sqft

Residential

Built in 1953

Looking for a solid investment property with rental income potential? This well-built block home offers a unique opportunity, featuring a main house split into two separate units for maximum rental flexibility. The main house includes: a 2-bedroom, 1-bath unit with a full kitchen, and a 1-bedroom, 1-bath unit with a kitchenette. In addition to these units, there's a Studio ADU in the backyard, complete with a full bathroom and kitchenette. Both main house bathrooms boast tile showers, and the home features newer windows and a new HVAC unit. The side apartment and the ADU each have their own mini-split HVAC system for efficient temperature control. The large backyard is ready to be transformed into an entertainment paradise, and already includes a covered porch and storage shed. The ADU is currently rented for $950/month, and the 1-bed, 1-bath unit is rented for $850/month, with tenants in place who would love to stay. A separate laundry room off the back of the home is shared by all units for added convenience. All utilities are split between the units, maximizing income potential. This property is perfectly located near GCU, shopping, entertainment, and transportation, making it an ideal investment opportunity. Don't miss out on this great income-generating property!

6822859

MLS ID

February 21, 2025

Listed

February 21, 2025

Updated

Interior Features

Total Stories

1


Bedrooms

4


Total Bathrooms

3


Interior Features

Eat-in Kitchen, No Interior Steps, Granite Counters


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Refrigeration


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.16 Acres


Exterior Features

Covered Patio(s)


Lot Features

Grass Front


Roof

Composition


Sewer

Public Sewer


Patio And Porch

Covered Patio(s)

School Information

School District

Alhambra Elementary District


High School

Alhambra High School


Elementary School

Granada Elementary School-East Campus

Other Property Details

Taxes

$1,347


Tax Frequency

Annually


Association Amenities

None


Garage

No


View

Yes


County

Maricopa


Water Source

City Water


Pool

No


Pool Features

None

Courtesy of Redfin Corporation, Shelly Dickenson

Listing Contact: 480-640-1333 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Karen Stroble shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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