2612 W Pierson St Phoenix, AZ 85017

This fully renovated triplex presents an investment opportunity in Phoenix's 85017 Canyon Corridor. The property was comprehensively refreshed just over a year ago and has been meticulously maintained. Significant capital improvements include a new roof (July 2024) and new sewer lines from under-slab to city connection, along with updated electrical wiring. Each unit features upgraded finishes, including new flooring, cabinets, windows with 2'' faux wood blinds, stainless steel appliances, in-unit stack washer/dryer, and private fenced backyards. Two of the three AC units and all water heaters were installed in 2024. Constructed with block walls and metal security gates, the property also includes a shared courtyard with a picnic area. The property is currently 100% occupied. Grand Canyon University (GCU) is a significant demand driver in the neighborhood. Enrollment has increased from approximately 118,000 in 2023 to over 125,000 in 2024 and is projected to exceed 133,000 by 2025-26. The Phoenix campus houses around 25,000 students, with approximately 17,000 living in 33 residence halls. GCU's growth contributes to year-round rental demand, service jobs, and billions in annual economic output for the area. Ongoing Canyon Corridor revitalization through public-private partnerships is improving safety, streetscape, and long-term property values. Located just off I-17, the property offers direct access to Camelback Rd and 27th Ave. It is served by Valley Metro bus routes and is a short ride to light rail.