1507 W Tonto Street, Phoenix, AZ 85007

$530,000
5
BD
3
BA

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List Price
$530,000
Days on Market
0
Status
ACTIVE
MLS#
7098734
City
Phoenix
Bedrooms
5
Bathrooms
3
Subdivision
Steve Rayburn Subdivision
Year Built
1960

Property Description

This Central City triplex delivers IMMEDIATE INCOME with $4000+ in gross monthly rent already locked in. Three SEPARATELY METERED units--two in the front building, one standalone in back, all currently leased. This property checks all the boxes: immediate income, low management overhead, and clear upside. Central City location means solid tenant demand and easy access to downtown Phoenix. True hands-off operation with SEPARATE ENTRANCES for each unit, private outdoor space, requiring minimal active management and maintaining strong tenant satisfaction. Whether you're a first-time house hacker seeking to reduce your housing costs or an experienced investor building a multifamily portfolio, this three-unit property offers flexibility, immediate income, and growth potential in a stable rental market. Hurry! This won't last. DRIVE-BY ONLY--do not disturb tenants. Walkthroughs by accepted offer only. Buyer to verify all information.

Additional Information

Community Features
No Pool
Construction
Brick, Painted
Cooling
Central Air, Heat Pump, Ceiling Fan(s)
Electric
APS
Heating
Heat Pump, Forced Air
New Financing
FHA, Conventional, 1031 Exchange, No Carry, Cash
Parking Features
Free, Assigned, Off Street
Roofing
Composition
Sewer
Public Sewer
Subdivision
Steve Rayburn Subdivision
Taxes
$839
Tax Year
2025
Tenant Pays
Water, Sewer, Electricity, Gas, Trash Collection, Landscaping
Units
3
Water
City Franchise
Zoning
Multifamily

Courtesy of Fathom Realty. 877-661-1977

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