2503 E Clarendon Avenue Phoenix, AZ
$ 4,200,000
Property Attributes
  • MLS#5891936
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Zip85016
  • Style
  • Year Built1960
  • Taxes12000
  • Price$ 4,200,000
  • Bedrooms45
  • Full Bathrooms24
  • Half Bathrooms0
  • Sqr Footage20850
Listing Provided Courtesy Of:
West USA Realty
Property Description

Prime Opportunity in Biltmore Corridor. 24 on Clarendon features 24 units on 6 neighboring parcels (2503-2549 E Clarendon). Zoned R-4, 79,260 SF of land (1.82 acres), a large area of empty land provides buyer with potential to build more units. Great unit mix of 21 - 2 beds and 3 - 1 bed. Two-story 12 unit building has coin-op laundry, bbqs and community pool. 4 triplexes with w/d hookups. In the last 18 months nearly $600,000 has been spent on improvements. 19 of 24 units updated. Individually metered for electric and gas. 24 on Clarendon is in one of the hottest real estate markets in the Valley of the Sun. With tremendous employment, retail, entertainment and dining nearby and its close proximity to freeways and downtown, this is an area that will continue in growth and revitalization.

Elementary School Middle School High School
Larry C Kennedy School Elementary School Larry C Kennedy School Middle School Camelback High School
Price History
3/6/2019 Listed $4,200,000

General Features

1 Bedroom Units: Avg Rent 800.00
2 Bedroom Units: Avg Rent 1014.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Elementary School Larry C Kennedy School
High School Camelback High School
Listing Status Active
Map Code/Grid P35
Middle School Larry C Kennedy School
Net Income 219318.00
New Financing 1031 Exchange, Other (See Remarks)
Owner Pays Water, Pool/Spa Maintenance, Landscaping, Trash, Sewer
Property Type F
Public Remarks Prime Opportunity in Biltmore Corridor. 24 on Clarendon features 24 units on 6 neighboring parcels (2503-2549 E Clarendon). Zoned R-4, 79, 260 SF of land (1.82 acres)
School District 014 - Creighton Elementary District
Tenant Pays Electric, Gas
Type ER
Year Built 1960
Zoning R-4

Interior Features

1 Bedroom Units: # 1 Bedroom Units 3
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 650
2 Bedroom Units: # 2 Bedroom Units 21
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 900
Appliances Included F/S Oven/Range, W/D Hookup, Microwave, Refrigerator
Cooling Electric Refrigeratd, Heat Pump, Individual
Electric SRP
Floors Concrete, Ceramic Tile
Gas SW Gas
Heating Electric, Individual, Gas
Total Number of Units 24.00

Exterior Features

Sale Includes Land & Building, Laundry Equipment, Pool Equipment, Personal Property
Complex Features Pool(s), Barbecue Area(s), Manager Res/Office
Const - Finish Painted
Covered Parking Spcs 6.00
Exterior Features Partially Fenced
Lot Size Dimensions 372x216
Parking >1 Space Per Unit
Roof Comp Shingle, Rolled
Sewer Sewer - Public
Total Parking Spcs 47.00
Water City Franchise, Irrigation


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85016

AVG $2.49M
AVG $7,413
AVG 71
Year Built
AVG 1961

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