1514 Sherman St Phoenix, AZ 85007
- Residential income homes
- 840 SF
Current Use by Public Records
- Residential income homes
Property Details for 1514 Sherman St
- Property size
- 840 SF
- Property type
- Residential income homes
- APN
- 112-10-050
Description
This exceptional investment opportunity presents a three-unit multifamily property located at 1514 W Sherman Street, Phoenix, Arizona, 85007. The property, situated on a 7,080 square foot lot (APN 112-10-050), consists of a front duplex featuring two one-bedroom, one-bathroom units and a separate single-family residence at the rear with two bedrooms and one bathroom. The total square footage is 840 square feet. The property is zoned R-3, offering potential for future development or expansion. Its prime location near Downtown Phoenix and Phoenix Memorial Hospital provides excellent access to amenities, employment centers, and transportation. This value-add opportunity is ideal for investors seeking a strong return on investment in a rapidly growing area. The property's proximity to Downtown Phoenix makes it an attractive option for renters seeking convenient access to urban amenities. The existing units offer immediate rental income potential, while the R-3 zoning allows for flexibility in future development plans. This is a rare chance to acquire a well-located multifamily property in a thriving market. The property is ready for a discerning investor to capitalize on its potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0925585
- Latitude
- 33.4406181
