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1702 E Cambridge Ave, Phoenix, AZ 85006

  • $450,000

  • 4

    bed

  • 2

    bath

Multi-family for sale 2 hours
80 homes bought nearby with Movoto recently

About 1702 E Cambridge Ave

Property type Multi-family
Neighborhood
Year built 1986
HOA fee $0/month
Rental estimate
Property description
Uniquely located immediately behind Phoenix Children's Hospital just west of the SR-51 Freeway, Cambridge II presents a unique value-add duplex offering. Built in 1986 and consisting of 2 x 2-bed, 1-bath floorplans averaging 672 SF, future ownership will have the opportunity to complete a renovation program to capture rent premiums already achieved in the the market. Alternatively, the property is positioned well for short-term renting for traveling nurses (given it's proximity to Phoenix Children's Hospital) and/or an owner-occupied investment approach. ***PROPERTY IS CURRENTLY VACANT. LEASING WILL COMMENCE BY MID-SEPTEMBER.
Listed by
Listing Agent - Christopher Paul Bay
Listing Office - Marcus & Millichap
Source: ARMLS mls logo
MLS#7069799 • last updated 2 hours ago
Movoto checked ARMLS for data 5 minutes ago
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Overview
Cooling/AC Central Air, Electric, Individual
Heating Central, Electric
MLS # 7069799
Type Multiple Dwellings
Status Active
Property Tax 831.08
Year Built 1986
Interior
Total # of Bathrooms 2
Total # of Bedrooms 4
Flooring Tile
Appliances Free-Standing Range, Disposal, Refrigerator
Exterior
Roof Composition
Construction Wood Frame, Stucco
Parking Paved, >1 Space Per Unit
# of Open Parking Spaces 4
Exterior Features Sidewalk(s)
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features See Remarks
Elementary School District Creighton Elementary District
High School District Phoenix Union High School District
APN 117-04-035
Zoning R-3
Multifamily Details
Total # of Units 2
Expense: Operating 9161.08
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 1500
Vacancy Allowance 0.06
Expense: Insurance 1000
Net Operating Income 21505
Gross Income 31046.32
Expense: Electric 200
Expense: Trash 1200
Expense: Professional Management 1530
Expense: Water/Sewer 1200
Gross Scheduled Income 30936
Expense: Gardener 1200
Lot/ Land Details
Road Surface Asphalt
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2/10
Loma Linda Elementary School
public Grades PK, K-8
Creighton Elementary District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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