$539,500
2334 W MORTEN Avenue
Phoenix, AZ 85021
MLS# 6970111

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Property Description
***GROSS CAP RATE 9.19%***3 Units, Garden-Style Property, Built in 1934 & Renovated in 2023. Unit Mix Consists of (1) 1-Bed/1-Bath Unit, (1) 2-Bed/1-Bath Unit, & (1) Large 1-Bed / 1-Bath Casita. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliances, & In-Suite Washer / Dryer. Exteriors Include New Paint & Stucco, Large Private Patio Area, and Storage Space. Located Within Close Proximity to Grand Canyon University & Christown Spectrum Shopping Center. Easy Access to I-17 Freeway & Valley Metro Light Rail

Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $539,500
List Price: $539,500
Status: Active
List Date: 2026-01-15
Location, Tax & Legal
Assessor's Map #: 27
Assessor's Parcel #: 19
Add'l Parcels: No
Tax Municipality: Phoenix
Taxes: 622
Legal: VISTA INCOME ESTATES 3 LOT 95 E2
Marketing Name: Cashflow triplex
House Number: 2334
Compass: W
Street Name: MORTEN
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 7176
County Code: Maricopa
Assessor Number: 157-27-019
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 47*180
Flood Zone: No
Total # of Units: 3
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Year Built: 1934
Zoning: R3
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Laminate: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 622
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 55032
Pmt & Rate Info
Cap Rate: 9.19
Equity: 599000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
See Remarks: 1
Heating
Forced Air: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Fenced: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Off Street: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
None: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1491
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1604
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.548414
Geo Lon: -112.109737
Legal Info
Township: 2N
Income Expenses
Gross Annual Sch Inc: 55032
Net Operating Income: 55032
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Laminate
Sale Includes: Land & Building
Community Features: See Remarks
Exterior Amenities: Fenced
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Forced Air
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Off Street
Road Surface Type: Concrete
Road Responsibility: City Maintained Road
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Trash Collection
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Cash; VA; FHA; Conventional
Environmental: None
IDX
Listing Office: Gentry Real Estate

Last Updated: April - 12 - 2026

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