Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Altro Terrace
MLS Listing ID 6921067
Maintenance Fees $1,800
Year Built 1961
Annual Tax Amount $1,321
Tax Year 2024
Lot Dimensions 8597
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Each unit offers upgraded finishes with 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 installed in 2024. The property features block wall construction with metal security gates, a shared courtyard with picnic area, and strong tenant appeal. Currently 100% occupied. Grand Canyon University (GCU) is the neighborhood's dominant demand driver. Enrollment has surged from ~118,000 in 2023 to over 125,000 in 2024, and is projected to exceed 133,000 by 2025-26. The Phoenix campus now houses ~25,000 students, with ~17,000 living in 33 residence halls. GCU's growth generates year-round rental demand, service jobs, and billions in annual economic output for the area. Ongoing Canyon Corridor revitalization through public-private partnerships improving safety, streetscape, and long-term property values. Just off I-17 with direct access to Camelback Rd and 27th Ave. Served by Valley Metro bus routes and a short ride to light rail.
Location
State AZ
County Maricopa
Community Altro Terrace
Zoning R3
Direction From Camelback, go south on 27th Ave. to Pierson and take a left. Property is on the left hand side.
Interior
Heating Electric
Cooling Central Air
Flooring Ceramic Tile
Appliance Refrigerator, Free-Standing Electric Oven, Washer/Dryer
Exterior
Parking Features 1 Space/Unit
Community Features No Pool
Roof Type Other
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 154-04-016
Acceptable Financing Conventional, FHA, VA Loan
Disclosures Seller Prop Disc Stm
Listing Terms Conventional, FHA, VA Loan
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