Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,999,999
Last Modified:
12/19/2025
Search
1504 E INDIANOLA Avenue, Phoenix, AZ 85014
$1,999,999
Description
Centrally located in Midtown Phoenix, the Indianola Townhomes (the property) is a 7 unit townhome community consisting of 2bed/1.5bath units. These units are professionally renovated with stainless steel appliances, shaker cabinets, and wood plank flooring. This income producing asset is a fantastic opportunity for an investor looking to acquire a stable property.
More Information MLS# 6925215
Contract Info
Ownership: Fee Simple
Current Price: $1,999,999
List Price: $1,999,999
Status: Active
List Date: 2025-09-26
Location, Tax & Legal
Assessor's Map #: 1
Legal Description (Abbrev): DUNDEE SUB MCR 10/5 LOT 1 EX N 180F & EX S 12.5F P/D 13963/902 & EX 12F RAD IN SW COR TH/OF
Assessor's Parcel #: 71
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 110600
Taxes: 4411
Legal: DUNDEE SUB MCR 10/5 LOT 1 EX N 180F & EX S 12.5F P/D 13963/902 & EX 12F RAD IN SW COR TH/OF
Marketing Name: The Indianola Townhomes
House Number: 1504
Compass: E
Street Name: INDIANOLA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 5175
County Code: Maricopa
Subdivision: DUNDEE
Assessor Number: 118-01-071
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 7
Lot Size Dimensions: 63' x 315'
Total # of Units: 7
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Year Built: 1981
Zoning: R-3
Legal Info
Range: 3E
Section: 28
Township: 2N
Lot Number: 1
Project Type
5 - 12 Units: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Rolled: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4411
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 137595.15
Pmt & Rate Info
Cap Rate: 5.71
Equity: 2000000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Ceiling: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Green Landscaping: 1
Desert Landscaping: 1
Patio/Balcony: 1
Security Light(s): 1
Tenant Pays
Gas: 1
Water: 1
Appliances Included
Built-In Electric Oven: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
None: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 7
Avg Rent: 1650
Avg SqFt: 968
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 15th Street and Indianola Ave
Directions: South on 16th Street, West on Indianola to property on Northeast corner of 15th Street and Indianola.
Geo Lat: 33.49223
Geo Lon: -112.049532
Income Expenses
Gross Annual Sch Inc: 144837
Net Operating Income: 114240
Property Features
Project Type: 5 - 12 Units
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam; Rolled
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Green Landscaping; Desert Landscaping; Patio/Balcony; Security Light(s)
Appliances Included: Built-In Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Ceiling; Individual
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: None
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Water; Gas
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office:
Orion Investment Real Estate
Last Updated: December - 19 - 2025
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