$1,000,000
$1,150,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
3601 W MELVIN Street Phoenix, AZ 85009
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision West Phoenix Addition
MLS Listing ID 6904880
Sold Date 10/06/25
Year Built 1946
Annual Tax Amount $1,587
Tax Year 2024
Lot Dimensions 12428
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
3601 W Melvin St is an 11-unit multifamily property located in the Estrella submarket of Phoenix, Arizona. Built in 1946, the asset consists of a gated community with a unit mix of (1) 2-bedroom and (10)1-bedroom apartments, averaging 453 square feet per unit and totaling approximately 4,980 square feet of rentable area. Strategically located just minutes from Downtown Phoenix, Sky Harbor Airport, and key employment hubs, this offering benefits from strong rental demand driven by workforce housing needs. With below-market rents, the property offers immediate upside through interior renovations and operational improvements. This asset is an ideal opportunity for investors seeking a low-basis, value-add multifamily opportunity in one of the fastest-growing metropolitan areas of the U.S.
Location
State AZ
County Maricopa
Community West Phoenix Addition
Area Maricopa
Zoning R-3
Interior
Heating Electric
Cooling Evaporative Cooling
Flooring Ceramic Tile
Appliance Built-In Range, Refrigerator
Exterior
Parking Features >1 Space Per Unit
Community Features No Pool
Roof Type Composition,Rolled/Hot Mop
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Alta E Butler School
High Schools Carl Hayden High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 106-15-142
Acceptable Financing CTL, Conventional
Disclosures None
Listing Terms CTL, Conventional
Financing Carryback
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Bought with Matthews Real Estate Investment Services
