Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,925,000
Last Modified:
10/21/2025
Search
2425 W TURNEY Avenue, Phoenix, AZ 85015
$1,925,000
Description
Casitas on Turney is comprised of (1) studio and (9) 2-bed / 1-bath units. The property has ample parking and privately fenced front and/or backyards. In the mid 2000's 5 of the units were completely rebuilt from the ground up. Most recently 2 units were completely remodeled from the studs, leaving only (3) units in more original condition. Residents are sure to enjoy the private casita-style living and immediate access throughout Phoenix. There's a value-add opportunity both now and in the future by completing the renovations and the installation of an on-site or in-suite laundry facility. There is additional value to be unlocked through development of additional units, with the large +/- 1.14 Acre site, current R-3 zoning would allow for additional units.
More Information MLS# 6936485
Contract Info
Ownership: Fee Simple
Current Price: $1,925,000
List Price: $1,925,000
Status: Active
List Date: 2025-10-21
Location, Tax & Legal
Assessor's Map #: 17
Legal Description (Abbrev): FRUITLAND AC LOT 6 W2 EX S 300'
Assessor's Parcel #: 29
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 109003
Taxes: 2521
Legal: FRUITLAND AC LOT 6 W2 EX S 300'
Marketing Name: Turney Cottages
House Number: 2425
Compass: W
Street Name: TURNEY
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 4529
County Code: Maricopa
Subdivision: FRUITLAND ACRES
Assessor Number: 154-17-029-A
Tax Year: 2024
General Property Description
# of Buildings: 10
Uncvrd Parking Spcs: 20
Lot Size Dimensions: 163ft x 300ft
Total # of Units: 10
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Year Built: 1949
Zoning: R3
Legal Info
Range: 2E
Section: 24
Township: 2N
Lot Number: 6
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Tile: 1
Vinyl: 1
Other: 1
Sale Includes
Land & Building: 1
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2521
Other Income: 0
Vacancy Allowance: 0.1
Adjusted Gross Inc: 149386.5
Pmt & Rate Info
Cap Rate: 5.6
Equity: 1925000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
See Remarks: 1
Heating
Electric: 1
Individual: 1
Cooling
Central Air: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Patio/Balcony: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Built-In Electric Oven: 1
Free-Standing Electric Oven: 1
Refrigerator: 1
Built-In Range: 1
See Remarks: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Projected Proforma: 1
Road Responsibility
Private Maintained Road: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
See Remarks: 1
Electric
SRP: 1
Other (See Remarks): 1
Gas
None: 1
Other (See Remarks): 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
None: 1
Other (See Remarks): 1
Environmental
None: 1
Other (See Remarks): 1
Efficiency Units
# Efficiency Units: 1
Avg Rent: 1226
Avg SqFt: 570
# Baths: 1
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 9
Avg Rent: 1271
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.499924
Geo Lon: -112.11134
Income Expenses
Gross Annual Sch Inc: 165985
Net Operating Income: 107726
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Tile; Vinyl; Other
Sale Includes: Land & Building; Other (See Remarks)
Community Features: No Pool; See Remarks
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Patio/Balcony
Appliances Included: Built-In Electric Oven; Free-Standing Electric Oven; Built-In Range; Refrigerator; See Remarks
Heating: Individual
Cooling: Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Other (See Remarks)
Gas: None; Other (See Remarks)
Parking Features: >1 Space Per Unit; See Remarks
Road Access Type: City Street
Road Surface Type: Asphalt; Concrete
Road Responsibility: Private Maintained Road
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: None; Other (See Remarks)
Listing Office:
ABI Multifamily
Last Updated: October - 21 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.