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Phoenix, AZ 85009,3101 W Melvin Street
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Phoenix, AZ 85009,3101 W Melvin Street
Phoenix, AZ 85009,3101 W Melvin Street
Phoenix, AZ 85009,3101 W Melvin Street
Phoenix, AZ 85009,3101 W Melvin Street
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Melissa L McCullough

Melissa L McCullough

+1(480) 469-7600
$ 800,000
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3101 W Melvin Street Phoenix, AZ 85009

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6868458

Maintenance Fees $2,000

Year Built 1984

Annual Tax Amount $1,656

Tax Year 2024

Lot Dimensions 0.145

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Conveniently located less than a mile south of Interstate 10 and minutes from Downtown Phoenix sits Melvin Street (''the Property''), a 40-unit apartment community comprised of individually-parceled contiguous buildings. Its nearby proximity to Interstate 17, Interstate 10, and Loop 202 (South Mountain Freeway), three major transportation arteries, affords residents direct access to simple passage within desirable commute times to nearly any destination across The Valley. Some of those nearby destinations include a number of the most prominent employment and entertainment corridors in the state. Downtown Phoenix (±100,000 employees | ±700 businesses) and the Innovation Employment Corridor (±71,000 employees | ±1,100 businesses), present employment opportunities from some of the most prolific companies in Arizona such as United Healthcare Bank of America, Freeport-McMoran, Banner Health, and IBM. Additionally, Arizona State University - Downtown Campus and Grand Canyon University are less than 5 miles from the property, with an on-campus enrollment of ±11,700 and ±25,000 students, respectively.

Completed in 1984, Melvin Street is comprised of 100% two-bedroom floorplans, offering an average of 750 square feet. Current ownership has invested over $700,000 of capital improvements inclusive of complete exterior renovations with new paint/stucco, landscaping, repaved parking lot, dual pane windows, new roof-mounted HVAC systems (all units) and 21 units equipped with in-suite laundry. In addition, the interiors of 20 units have been fully renovated with new appliances, countertops, cabinets, flooring, interior paint, and upgraded fixtures. Future ownership will have the opportunity to exit on an individual fourplex basis as the property consists of individually-parceled contiguous buildings.

Location

State AZ

County Maricopa

Zoning R-5

Interior

Heating Individual

Cooling Ceiling Fan(s), Individual

Flooring Vinyl

Appliance Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup

Exterior

Parking Features >1 Space Per Unit

Community Features No Pool

Roof Type Composition

Total Parking Spaces 6

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 109-25-150

Acceptable Financing Conventional, 1031 Exchange, FHA

Listing Terms Conventional, 1031 Exchange, FHA

Arizona Regional MLS (ARMLS)

Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Marcus & Millichap
agent

Melissa L McCullough

REALTOR®, SRES | SASA693139000

+1(480) 469-7600

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3101 W Melvin Street