Trusted Real Estate Experts in Sierra Vista, Fort Huachuca, Benson, and Bisbee Arizona

1623 W MISSOURI Avenue

Phoenix, AZ 85015

MLS#: 7033404

$4,450,000

Status: Active
Listing number: 7033404
Listing provided by: Matthews Real Estate Investment Services
Listing agent phone: None
Last update: 5 days ago
On site: 6 days ago
Browse Properties
DENTON TRACT - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1964

Sq.Footage

0

The Gem on Missouri is a 29-unit multifamily community positioned in the highly desirable Midtown Phoenix submarket. Located at 1623 & 1625 W Missouri Ave, the property was originally constructed in 1963 and spans approximately ±22,400 square feet, with an average unit size of ±772 SF, offering efficient and functional floor plans that appeal to a broad renter base. The property is currently achieving average rents of approximately $1,074, below market comparables averaging $1,317, representing upside of approximately $243 per unit. The asset has already undergone comprehensive interior renovations, including upgraded finishes and in-unit washer and dryer across all units, positioning this as primarily operational value-add opportunity

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s)

  • Heating YN

    YES

  • Heating

    Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Parking

    Paved, Carport

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $4,450,000

  • Tax Amount

    $4,064

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Osborn Elementary District

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    7

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Location

County

Maricopa

Elementary School

Osborn Elementary District

Middle School

High School

Listing Courtesy of Bradley Skenderian , Matthews Real Estate Investment Services

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Agent Mandy Gold

FOUNDER

Mandy Gold

Call Mandy today to schedule a private showing.

(520) 335-3204

mandy@mandygoldteam.com


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The Gem on Missouri is a 29-unit multifamily community positioned in the highly desirable Midtown Phoenix submarket. Located at 1623 & 1625 W Missouri Ave, the property was originally constructed in 1963 and spans approximately ±22,400 square feet, with an average unit size of ±772 SF, offering efficient and functional floor plans that appeal to a broad renter base. The property is currently achieving average rents of approximately $1,074, below market comparables averaging $1,317, representing upside of approximately $243 per unit. The asset has already undergone comprehensive interior renovations, including upgraded finishes and in-unit washer and dryer across all units, positioning this as primarily operational value-add opportunity

1623 W MISSOURI Avenue

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