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2242 E Taylor St, Phoenix, AZ 85006

$639,000
  • 11

    bed

  • 7

    bath

Multi-family for sale 11 hours
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About 2242 E Taylor St

Property type Multi-family
Neighborhood
Year built 1944
HOA fee $0/month
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.
Listed by
Listing Agent - Bradley Skenderian
Listing Office - Matthews Real Estate Investment Services
Source: ARMLS mls logo
MLS#7075484 • last updated 11 hours ago
Movoto checked ARMLS for data 3 minutes ago
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Overview
Cooling/AC Central Air, 2 Or More Units
Heating Electric
MLS # 7075484
Type Multiple Dwellings
Status Active
Property Tax 1093
Year Built 1944
Interior
Total # of Bathrooms 5
Total # of Bedrooms 11
Flooring Ceramic Tile, Vinyl
Appliances Built-In Range, Disposal, Refrigerator
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco
Parking Paved, Free, <1 Space Per Unit
# of Open Parking Spaces 10
Exterior Features Sidewalk(s)
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision AVIATION HOMESITES
Community Features No Pool
Elementary School Wilson Elementary School
Elementary School District Wilson Elementary District
Middle School Wilson Elementary School
High School District Phoenix Union High School District
High School North High School
APN 116-01-043
Zoning R-4
Multifamily Details
Total # of Units 5
Expense: Operating 15443
Financial Data Source Unknown
Expense: Maintenance 2500
Expense: Insurance 1500
Net Operating Income 56147
Gross Income 72840
Expense: Professional Management 4370
Expense: Water/Sewer 3480
Gross Scheduled Income 72840
Expense: Gardener 1500
Lot/ Land Details
Road Surface Asphalt
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2/10
Wilson Primary School
public Grades PK, K-3
Wilson Elementary District
2/10
Wilson Elementary School
public Grades 4-8
Wilson 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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Walk
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Family
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Dining
97/100
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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85006
  • 2242 E Taylor St

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