Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Bumbalow Heights Blk 1
MLS Listing ID 6859452
Maintenance Fees $2,500
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1952
Annual Tax Amount $888
Tax Year 2024
Lot Dimensions IRR
Property Description
Three at Bumbalow presents a unique opportunity to own a recently upgraded triplex in one of Phoenix's most sought-after and rapidly developing neighborhoods.
Ideally located near downtown, major freeways, and light rail access, this property is perfect for investors seeking strong rental income or owner-occupants looking to live in one unit while renting out the others.
This well-maintained property was renovated in 2023 and features three individual units:
Two units with 2 bedrooms and 1 bathroom each, and
One larger unit with 3 bedrooms and 2 bathrooms.
Each unit has its own private entrance and offers a functional floor plan designed for comfortable living. A nice side yard adds outdoor space and potential for further enhancements, such as communal gathering areas or added amenities.
Each unit is equipped with washer and dryer hookups. All the washers, dryers, and refrigerators are included in the sale and convey. The property is currently self-managed, which keeps operating costs low.
This triplex is perfect for both seasoned investors and first-time multifamily buyers looking to enter the market with a well-located, income-producing asset. The units are currently rented at $2,863, $1,584, and $1,985 per month, respectively.
Whether you're looking to expand your real estate portfolio, complete a 1031 exchange, or live in one unit while earning passive income from the others, Three at Bumbalow offers flexibility, stability, and upside in a prime Central Phoenix location.
Location
State AZ
County Maricopa
Community Bumbalow Heights Blk 1
Zoning R-5
Direction EAST ON ROOSEVELT ST.. PROPERTY ON THE SOUTH SIDE.
Interior
Heating Electric
Cooling Ceiling Fan(s), Electric
Flooring Other, Ceramic Tile
Appliance Free-Standing Range, Refrigerator, Washer/Dryer, W/D Hookup
Exterior
Parking Features Free
Community Features No Pool
Roof Type Composition
Total Parking Spaces 4
Building
Sewer Public Sewer
Water See Remarks, City Franchise
New Construction No
Schools
Elementary Schools Excelencia School
Middle Schools Excelencia School
High Schools North High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 116-03-013
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Virtual Tour https://www.zillow.com/view-imx/cdf6ce79-2f8d-4bfa-8df4-a82f9b758a89?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
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