2236 N 28TH Place
Property Description
Renovated, fully occupied duplex in a convenient Central Phoenix location offering immediate rental income and exciting future development potential! This property features two separate 1-bedroom, 1-bathroom units, each with a full kitchen, stainless steel appliances, wood-look vinyl plank flooring, private fenced backyard, washer/dryer hookups, and storage. Both units are separately metered, with existing leases extending into mid-2027. Situated on a 7,526 sq. ft. parcel zoned R-4 multifamily, the property includes additional unused land behind the existing duplex, creating an opportunity for investors and developers to explore expansion or redevelopment. Potential concepts include adding two additional 1-bedroom, 1-bathroom units, building a larger 2-bedroom, 2-bathroom unit with a private yard, or redeveloping the property into a modern multifamily investment property. Buyers may also explore single-family redevelopment possibilities. Ideally located near SR-51, I-10, Downtown Phoenix, and the Biltmore area, with convenient access to shopping, dining, and entertainment. Enjoy rental income today while exploring the possibilities for tomorrow!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $580,000 |
| No. of Units: | 2 |
| Year Built: | 1957 |
| Opportunity Zone: | No |
| Price per unit: | $290,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 4 |
ID: 3yd-ARMLSAZ-7103367
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