2324 E Oak StreetPhoenix, AZ 85006

Description

Turnkey income today with exceptional upside for tomorrow. This unique multifamily opportunity features 2 detached single-family homes, each leased at $2,800/mo. and designed with modern finishes that drive strong tenant demand. Tenants pay water, sewer, and electric, keeping operating expenses low while maximizing cash flow. Each residence offers 3 bed, 2.5 bath, attached 2-car garage, open living spaces, quartz countertops, stainless steel appliances, and contemporary design. Future appreciation and income potential are enhanced by the opportunity to add an ADU to each home (buyer to verify). Prime location near the Biltmore Corridor, SR-51, major employers, shopping, and dining. A rare combination of stable income, low expenses, and long-term value-add potential. Drive by only.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

2018

Lot dimensions

9644

Parking spaces

8

Zoning

R-3

Days on market

157

Listing #

7039794

Property Features

Appliances

Built-In Range · Refrigerator · Dishwasher · Disposal

Cooling

Central Air · Electric · Ceiling Fan(s)

Heating

Electric

Flooring

Ceramic Tile

Parking

Paved · On Street · Garage

Construction

Stucco

Roof

Composition

Sewer

Public Sewer

Water source

Public

Schools

Elementary

William T Machan Elementary School

Middle

Biltmore Preparatory Academy

High

Camelback High School

Financial Details

Annual taxes

$4,843Tax year 2025

Parcel number

117-08-031-A

Directions

From Thomas Road head South on 24th Street, Right on Oak Street to property on Right side of Street.