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For sale
  • Price cut: $95K (3/26)
    $3,100,000

    1538 W Osborn Rd, Phoenix, AZ 85015

    4beds
    8baths
    4,828sqft
    : 
    Multi Family
    Built in 1953
    -- sqft lot
    $-- Zestimate®
    $642/sqft
    $-- HOA

    What's special

    Gated dog play areaHigh-end finishesModern fully furnished unitsResort-style courtyard
    Unlock exceptional returns with this fully renovated 8-unit luxury multifamily property in thriving Midtown Phoenix. Located minutes from Downtown and the airport, this turnkey investment features high-end finishes, modern, fully furnished units, and a resort-style courtyard with a 6-hole putting green, waterfall, and gated dog play area. Boasting a 2023 Gross Rental Income of $365,061.50 and a favorable GRM of 9.02, this property offers immediate income and strong future appreciation potential. Positioned in one of Phoenix's most desirable neighborhoods, this gated community is perfect for short-term and long-term tenants, driven by Midtown's vibrant cultural, business, and lifestyle scene. Rare opportunity to acquire a top-performing asset in a high-growth market.
    256 days
    on Zillow
    |
    294
    |
    11
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 25, 2025 at 05:34pm

    Listed by:

    Arman Shields 602-652-2749,

    My Home Group Real Estate

    Source: ARMLS,MLS#: 6756497MLS Logo

    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1538 W Osborn Rd.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 8
    Heating
    • Individual, Central, Natural Gas
    Cooling
    • Central Air, Ceiling Fan(s), Individual
    Appliances
    • Included: Free-Standing Range, Refrigerator, Microwave, Washer/Dryer
    Features
    • Flooring: Other, Ceramic Tile, Concrete
    Interior area
    • Total structure area: 4,828
    • Total interior livable area: 4,828 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Other, On Street, Carport
    • Has carport: Yes
    • Covered spaces: 8
    • Uncovered spaces: 2
    Lot
    • Size: 0.39 Acres
    • Dimensions: 16848
    Details
    • Parcel number: 11015091
    • Zoning: [M-H] MULTI-FAM

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Painted, Block
    • Roof: Composition
    Condition
    • Year built: 1953

    Utilities & green energy

    • Electric: APS, Individual Meter
    • Sewer: Public Sewer
    • Water: Individual Meter, City Franchise

    Community & HOA

    Community
    • Features: Golf, Other, Barbecue, Shuffle Brd/Lawn Bwl, Play Area
    • Subdivision: Encanto Westwood
    Location
    • Region: Phoenix

    Financial & listing details

    • Price per square foot: $642/sqft
    • Tax assessed value: $622,700
    • Annual tax amount: $1,391
    • Date on market: 9/12/2024
    • Listing terms: Conventional,1031 Exchange,FHA,VA Loan
    • Ownership: Fee Simple
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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