Amy Haight
Branch Sales Manager
BEDS13
BATHS
MLS#7103349
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONEL MOLINO PLACE
SCHOOLPhoenix Union High School District
Property 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 unit mix: three studios, three one-bedrooms, two two-bedrooms, and one large three-bedroom unit over 1,000 SF. The asset offers stable current cash flow with upside potential through interior and exterior renovations. 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Varies by Unit, See Remarks
Heating: Electric, Heat Pump, Varies by Unit, See Remarks
Roof Type: Composition, Other
Taxes: $1,557
Year Built: 1944
Feature Descriptions
Community Features: No Pool
Days on Site: 6
Exterior: Wood Frame, Other, Painted, Stucco
Flooring: Ceramic Tile, Other
Parking: Other, On Street, >1 Space Per Unit
Sewer: Public Sewer
Water: City Franchise
Local Schools
Middle School: Wilson Elementary School
School District: Phoenix Union High School District
Listed By / Shown By
Listed By
Agency Name: Matthews of Arizona
Shown By
Agent Name: Amy Haight
Agent Phone: (480) 294-5431
Agency Title: Arizona Best Real Estate
Estimate Your Payment
Estimated Payment
$ 2,634.40 per month $2,214.44 Principal & Interest $129.75 Property Tax $290.21 Homeowner's InsuranceChange Payment Information
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2916 E Monroe Street | MLS# 7103349
This multi-family property located at 2916 E Monroe Street, Phoenix, AZ 85034 is currently listed for sale with an asking price of $995,000. E Monroe Street is located within the Phoenix Union High School District school district. Search Phoenix real estate on ahaight.arizonabest.com today.