Active
525 N 32ND Street
Phoenix AZ, 85008
$1,685,000
Active
Other
Built in 1947
Welcome to Thirteen on 32nd Street Apartments, a centrally located multifamily investment in Phoenix, just across from Celebrity Theatre and near the Phoenix Airport with convenient freeway access.
This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add opportunity with below-market rents and redevelopment potential.
Property Details:
Studios: Currently rented at $750-$850 (Market: $950).
One-Bedroom Units: Currently at $850 to $950).
Three-Bedroom, One-Bath House (on second lot with an attached one-bedroom apartment): Rented at $1,300 with a $600 discount for the on-site manager (Market: $1,500).
Investment Highlights: Welcome to Twelve on 32nd Street Apartments, a centrally located multifamily investment in Phoenix, just across from Celebrity Theatre and near the Phoenix Airport with convenient freeway access.
This offering includes two parcels at 525 & 526 N 32nd Street (APN: 121-17-026-A and 121-17-028-A), presenting an excellent value-add opportunity with below-market rents and redevelopment potential.
Property Details:
Studios: Currently rented at $750-$850 (Market: $950).
One-Bedroom Units: Currently at $850 (Market: $950).
Three-Bedroom, One-Bath House (on second lot with an attached one-bedroom apartment): Rented at $1,300 with a $600 discount for the on-site manager (Market: $1,500).
Investment Highlights:
Below-Market Rents - Strong upside potential to increase rental income.
Redevelopment Potential - Opportunity to add more units or reposition the property.
Prime Location - Close to major transit, entertainment, and employment hubs.
All facts and figures are approximate. Buyer to verify all MLS information.
6817995
MLSⓇ ID
February 9, 2025
Listed
February 20, 2025
Updated
Interior Features
Floor Description
Carpet, Ceramic Tile, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Individual
Heating
Yes
Heating Description
Individual
Exterior/Building Features
Roof
Composition, Tile, Built-Up
Sewer
Public Sewer
School Information
School District
Balsz Elementary District
High School
Alhambra High School
Elementary School
Brunson-Lee Elementary School
Other Property Details
Taxes
$2,789
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking
Paved Parking, Free
Parking Total
14
View
No
County
Maricopa
Water Source
City Franchise
Zoning
Multi
Courtesy of Grace CRE, Sophia J Willets
Listing Contact: 480-375-0227
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jen Sheedy shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data Last Updated: 9:36 PM UTC, 2/20/2025.