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1945 W Van Buren St, Phoenix, AZ, 85009

$1,535,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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1945 W Van Buren St, Phoenix$1,535,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingPaved Parking, Street Parking
Year Built1952
HeatingOther
CoolingOther
MLS #6785949
StatusActive

About 1945 W Van Buren St

EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential: To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset. Don't let this rare investment opportunity slip awayact quickly, as it won't last long!

Property Details

Property Features

Property Information:

  • Year Built: 1952

Listing Office:

  • Office Name: JM Realty
  • Office Phone: (480) 785-5612
  • Listing Agent: Joseph P Mahoney

Interior Features

Interior Information:

  • Flooring Type: Vinyl, Concrete

Exterior Features

Parking Information:

  • Parking: Paved Parking, Street Parking

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: West on Van Buren to the property on the SEC of 20th and Van Buren

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,535,000

Tax Information:

  • Annual Amount: $4,142
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Phoenix, AZ.

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Phoenix, AZ

City

Med. Sold Price

$450.9K

Med. Price/SqFt

$284

Avg. Days On Market

62

# of Sold Homes

1291

1945 W Van Buren St vs Phoenix

1 DAY ON ROCKET

-61 Days

$1,535,000

+$1.0M More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price in Phoenix, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6785949

Listing Office:

  • Office Name: JM Realty
  • Office Phone: (480) 785-5612
  • Listing Agent: Joseph P Mahoney

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/20/2024, 11:55:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 05, 2021Home Sold
$955,000
Jan 04, 2021Home Sold
$800,000
Jul 31, 2014Home Sold
$110,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,142$77,526
2020$4,189$74,304
2019$3,425$59,454
2017$3,346$27,390

History based on county public records data.

Payment Calculator

$7,729

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,669

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-168244
8
/10

  • Vista College Preparatory

  • 812 S 6th Ave

  • 1.41 miles

  • Public Charter Grades KG-5

school-card-donut-168245
2
/10

  • J. B. Sutton Elementary School

  • 1001 N 31st Ave

  • 1.46 miles

  • Public District Grades KG-5

school-card-donut-168246
2
/10

  • Esperanza Elementary School

  • 3025 W McDowell Rd

  • 1.65 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,403. Residents of Phoenix, AZ typically earn less than $35k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1945 W Van Buren St

What is the listing price of this property?

The listing price of 1945 W Van Buren St property is $1,535,000.

What type of property is this?

The property 1945 W Van Buren St is a house located in Phoenix, Arizona, 85009.

Is this property for sale now?

Active Listing: 1945 W Van Buren St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,142 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 5, 2021 for $955,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1945 W Van Buren St is 1952.

Rocket Homes›Arizona›Maricopa County›Phoenix›85009›1945 W Van Buren St

This home is located at 1945 W Van Buren St in Phoenix, AZ and zip code 85009 in the Central City neighborhood. This home was built in 1952. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $1,535,000.

In October 2024, from all listings sold in Phoenix, AZ there were more than 250 sold above asking price, over 697 sold below and more than 344 were sold right at the asked price. Between September 2024 and October 2024, Phoenix, AZ real estate market has seen increase in the number of listings by 7.5%. While the average time on the market in October 2024 was 62 days, the median list price was $450,977.

From Rocket Homes Real Estate and based on county public records data.

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