3601 W Melvin Street, Phoenix, AZ 85009
- $1,000,000
- Sold Price
- $1,000,000
- List Price
- $1,150,000
- Closing Date
- Oct 06, 2025
- Days on Market
- 43
- Status
- CLOSED
- MLS#
- 6904880
- City
- Phoenix
- Subdivision
- West Phoenix Addition
- Year Built
- 1946
Property Description
3601 W Melvin St is an 11-unit multifamily property located in the Estrella submarket of Phoenix, Arizona. Built in 1946, the asset consists of a gated community with a unit mix of (1) 2-bedroom and (10)1-bedroom apartments, averaging 453 square feet per unit and totaling approximately 4,980 square feet of rentable area. Strategically located just minutes from Downtown Phoenix, Sky Harbor Airport, and key employment hubs, this offering benefits from strong rental demand driven by workforce housing needs. With below-market rents, the property offers immediate upside through interior renovations and operational improvements. This asset is an ideal opportunity for investors seeking a low-basis, value-add multifamily opportunity in one of the fastest-growing metropolitan areas of the U.S.
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Additional Information
- Elementary School
- Alta E Butler School
- High School
- Carl Hayden High School
- School District
- Phoenix Union High School District
- Community Features
- No Pool
- Construction
- Wood Frame, Stucco, Brick
- Cooling
- Evaporative Cooling
- Electric
- APS
- Flooring
- Ceramic Tile, Vinyl
- Heating
- Electric
- New Financing
- CTL, Conventional
- Parking Features
- >1 Space Per Unit
- Roofing
- Composition, Rolled/Hot Mop
- Sewer
- Public Sewer
- Subdivision
- West Phoenix Addition
- Taxes
- $1,587
- Tax Year
- 2024
- Units
- 11
- Water
- City Franchise
- Zoning
- R-3
Courtesy of Matthews Real Estate Investment Services. 310-388-0788 Selling Office: Matthews Real Estate Investment Services.
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