Nearby Schools
Wilson Elementary SchoolMiddle School
Description
9 unit multifamily investment opportunity in Phoenix, AZ. Built in 1946, the property spans two contiguous parcels (2916 and 2920 E. Monroe Street) and features a diverse mix mix: (3) studios, (3) one-bedrooms, (2) two-bedrooms, and (1) large three-bedroom unit over 1,000 SF. The asset offers a cap rate of 7.79% on current financials resulting in stable cash flow with upside potential. Current ownership has already completed a full sewer line replacement, mitigating a major capital expense. Strategically located, the property provides convenient access to Downtown Phoenix, Phoenix Sky Harbor International Airport, and major transportation corridors (Loop 202 and I-10), ensuring strong long-term tenant demand and investment stability.
Location
Listed By
Listing Agent
Bradley Skenderian
Matthews Real Estate Investment Services
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The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the Good Oak Real Estate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 17th April, 2026 11:19 PM (UTC)
Listing Office: Matthews Real Estate Investment Services
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