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1224 E Dunlap Ave, Phoenix, AZ 85020

  • $1,500,000

  • 16

    bed

  • 8

    bath

Multi-family for sale 712 days
$50K price drop
80 homes bought nearby with Movoto recently

About 1224 E Dunlap Ave

Property type Multi-family
Neighborhood
Year built 1980
HOA fee $0/month
Property description
Find your prime investment opportunity today! This is an 8-unit low-rise complex. Built in 1980, but was extensively upgraded in 2023, making it a turnkey investment with significant potential for income growth. Offering a mix of two standalone 2-bedroom, 2-bathroom units and six 2-bedroom, 1-bathroom units, with modern amenities and high-quality finishes. Each unit features spacious living areas, updated kitchens and bathrooms, and individual storage units. The complex also boasts ample parking with 24 spaces and a well-maintained exterior. The proximity to major employers, shopping centers, hiking trails, and parks puts it in a highly desirable location, this property is perfect for long term tenants!
Listed by
Listing Agent - Stephen Michael Patterson II
Listing Office - Axen Realty, LLC
Source: ARMLS mls logo
MLS#6732554 • last updated 1 month ago
Movoto checked ARMLS for data 6 minutes ago
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Overview
Cooling/AC Central Air, Ceiling Fan(s), Individual
Heating Individual, Central
MLS # 6732554
Type Multiple Dwellings
Status Active
Property Tax 3005
Year Built 1980
Interior
Flooring Carpet, Ceramic Tile, Vinyl
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Composition
Construction Painted, Block
Parking Paved, >1 Space Per Unit
# of Open Parking Spaces 24
Exterior Features Sidewalk(s)
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Security Features Security Light(s)
Location
Community Features No Pool
High School District Glendale Union High School District
APN 159-34-145
Zoning R-3
Directions From SR-51 Freeway Exit On Northern And Head West. Turn Right On N 12th St Then Turn Right On Dunlap Ave. Property Will Be On The Left.
Multifamily Details
Total # of Units 8
Expense: Operating 30505
Financial Data Source Owner, Projected Proforma
Vacancy Allowance 0.05
Net Operating Income 102913.73
Gross Income 133418.73
Expense: Other 27500
Gross Scheduled Income 139391.43
Lot/ Land Details
Road Surface Asphalt
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3/10
Desert View Elementary School
public Grades PK, K-6
Washington Elementary School District
4/10
Royal Palm Middle School
public Grades 5-8
Washington Elementary School District
7/10
Sunnyslope High School
public Grades 9-12
Glendale Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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62/100
Walk
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Family
90/100
Dining
97/100
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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85020
  • North Mountain
  • 1224 E Dunlap Ave

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