1652 E Indianola Avenue, Phoenix, AZ 85016
- $485,000
- 4
- BD
- 2
- BA
- 1,456
- SqFt
- List Price
- $485,000
- Status
- ACTIVE
- Days on Market
- 153
- Price Change
- ▼ $30,000 1788214515
- MLS#
- 7020596
- Subtype
- Residential
- Year Built
- 1930
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,456
- Lot Size
- 9,541
- Acres
- 0.22
- Subdivision
- Avenel Park
Property Description
Investor/developer opportunity in the heart of Phx. This home is currently set up as a duplex. It features two 2/1 units, both currently leased, delivering immediate and stable cash flow. The property sits on a generously sized lot with favorable multifamily zoning, offering significant potential to build additional units or redevelop for higher density (buyer to verify). Positioned in a high-demand rental corridor near Arcadia Lite and Biltmore Fashion Park, the location supports strong tenant demand and long term appreciation. Easy access to major freeways, employment hubs, dining, and retail adds to the asset's appeal. Ideal for investors seeking a stabilized income property with clear value-add and development upside in one of Phoenix's fastest-growing submarkets. Home needs repairs.
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Additional Information
- Taxes
- $2,769
- Heating
- Other
- Air Conditioning
- Other
- Exterior Construction
- Other
- Stories
- 1
- Elementary School
- Loma Linda Elementary School
- Middle School
- The Creighton Academy
- High School
- Camelback High School
Listing courtesy of DeLex Realty.
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