$675,000
Phoenix, AZ 85007
MLS# 6953631
1 / 24
Property Description
Fully RENOVATED 3-UNIT Turnkey Short-Term Rental in Central Phoenix! Cap rate 10%+, average occupancy 75%, and strong Airbnb rating of 4.8+ stars! Comes with confirmed future bookings totaling over $5,500 through Jan 1, 2026. Property consists of one 2-bed/1-bath unit, one 1 bed/1 bath unit and private studio — each with its own kitchen, full bath, and separate entrance. The separate laundry room & shed serves gusts and maids. A fenced common courtyard offers a grill, fire pit, and lounge area with hammock — perfect for guest enjoyment. Separate maintenance/storage shed for cleaning crew and supplies. Every unit comes with furniture and decor. The property located in a high-demand area near Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $675,000
List Price: $675,000
Status: Active
List Date: 2025-12-03
Location, Tax & Legal
Assessor's Map #: 14
Legal Description (Abbrev): STEVE RAYBURN SUB
Assessor's Parcel #: 112
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114302
Taxes: 983
Legal: STEVE RAYBURN SUB
Marketing Name: none
House Number: 1515
Compass: W
Street Name: TONTO
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 3540
County Code: Maricopa
Subdivision: STEVE RAYBURN SUBDIVISION
Assessor Number: 112-14-112
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 1
Lot Size Dimensions: 50x128
Flood Zone: No
Total # of Units: 3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Paul Dunbar Lawrence School
Jr. High School: Paul Dunbar Lawrence School
High School: Carl Hayden High School
Year Built: 1943
Zoning: R-3
Legal Info
Range: 3E
Section: 7
Township: 1N
Lot Number: 7
Project Type
Tri-Plex: 1
Other Type
House + Rental Units: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Annual Gas Exp: 0
Annual Ins Exp: 1600
Annual Maint Exp: 6000
Annual Trash Exp: 300
Annual Wtr/Swr Exp: 600
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 9483
Other Income: 0
Vacancy Allowance: 0.25
Adjusted Gross Inc: 116250
Total Monthly Rental Income: 5857
Pmt & Rate Info
Cap Rate: 10.41
Equity: 675000
Down Payment %: 5
Monthly Payments: 2378
Total Owed: 0
Payment Includes
Principal: 1
Interest: 1
Taxes: 1
Insurance: 1
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
See Private Remarks: 1
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Window/Wall Unit(s): 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Window/Wall Unit: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Separate Storage: 1
Interior Features
Furnished: 1
Fire/Smoke Alarm(s): 1
Fire Sprinklers: 1
Tenant Pays
None: 1
Appliances Included
Built-In Gas Oven: 1
Dishwasher: 1
Free-Standing Gas Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Cable TV: 1
New Financing
Cash: 1
Cash to Loan: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 3
Avg Rent: 5857
Avg SqFt: 1485
# Baths: 3
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 2200
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 2000
Avg SqFt: 432
# Baths: 1
3 Bedrooms Units
Avg Rent: 1657
Avg SqFt: 285
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Buckeye Rd and 15th
Directions: North on 15th Ave from Buckeye Rd, West on Tonto to home on the south.
Geo Lat: 33.438322
Geo Lon: -112.091989
Income Expenses
Gross Annual Sch Inc: 155000
Net Operating Income: 70280
Property Features
Project Type: Tri-Plex
Other Type: House + Rental Units
Construction: Block
Const - Finish: Stucco
Roofing: Composition
Floors: Tile
Sale Includes: Land & Building; Personal Property
Payment Includes: Principal; Interest; Taxes; Insurance
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Separate Storage
Interior Features: Furnished; Fire/Smoke Alarm(s); Fire Sprinklers
Appliances Included: Built-In Gas Oven; Free-Standing Gas Oven; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Heating: Window/Wall Unit(s)
Cooling: Ceiling Fan(s); Electric; Window/Wall Unit; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; Cable TV
Tenant Pays: None
Source of Fincl Data: Owner
Special: Owner/Agent
Showing Notification Methods: Text
Lockbox Type: See Private Remarks; None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
New Financing: Cash; Cash to Loan; VA; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: eXp Realty
Last Updated: December - 17 - 2025
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