Phoenix, Arizona, United States
Renovated Duplex with Rental Income in Central Phoenix
$580,000
- 4
- Bedrooms
- 4
- Bathrooms
- Apartment
- Type
- 5 days ago
- Listed
The Habio take
This renovated duplex in Central Phoenix offers immediate rental income with two fully occupied units, featuring a total of four bedrooms and four bathrooms. Its prime location provides easy access to shopping, dining, and major highways, ensuring convenience for both tenants and future investors.
- investment
- rental income
- city
Highlights
- Fully occupied duplex
- Immediate rental income
- Zoned R-4 with development potential
- Convenient access to major highways
- Located near shopping and entertainment
Worth knowing
- Existing leases extend into mid-2027
- Requires longer-term planning for redevelopment
Good fit for: Best suited for investors looking for immediate rental income and future development opportunities.
Lifestyle scores
- Beach
- 0
- Walkable
- 70
- Remote work
- 65
- Family
- 60
- Retirement
- 55
- Airport access
- 75
- Investment
- 85
- Luxury
- 50
- Value
- 70
About this place
This renovated duplex presents an excellent opportunity for investors in a convenient Central Phoenix location. Fully occupied, the property features two separate 1-bedroom, 1-bathroom units, each equipped with a full kitchen and stainless steel appliances. The wood-look vinyl plank flooring adds modern appeal, while private fenced backyards provide outdoor space for each unit. Additional amenities include washer/dryer hookups and storage for tenants.
Occupying a 7,526 sq. ft. parcel zoned R-4 multifamily, this duplex offers significant potential for development. The parcel includes unused land at the rear, allowing for expansion or redevelopment opportunities, such as adding two extra 1-bedroom, 1-bathroom units or constructing a larger 2-bedroom, 2-bathroom unit with a private yard. Additionally, buyers may consider options for single-family redevelopment.
Located near SR-51, I-10, Downtown Phoenix, and the Biltmore area, this property ensures convenient access to vibrant shopping, dining, and entertainment options, making it a strategic investment for current rental income and future growth.
What this place offers
- fenced backyard
- storage
- stainless steel appliances
- washer/dryer hookups
Where you’ll be
Phoenix, Arizona, United States
Exact location is confirmed by the agent on enquiry.
Buying property in United States
Buying property in the United States involves engaging a real estate agent, making an offer, and completing several legal and financial steps. Additional costs include legal fees, title insurance, and possibly state-specific transfer taxes, which should be budgeted in addition to the price.
Real estate laws and regulations can vary significantly by state and locality, which affects documents and costs.
For accurate and up-to-date advice, consulting with local legal professionals and real estate experts is recommended.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser.
