3823 N 23RD Drive, Phoenix, AZ 85015, Phoenix, 85015 - 0 bed, 0 bath
Loading property details...
Phoenix, AZ 85015
Analysis of 3823 N 23RD Drive, Phoenix, AZ 85015 is currently available with a list price of $799,900. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
While the property was built in 1985 (39 years old), it is classified as Good due to being 'impeccably maintained' with clear evidence of recent cosmetic renovations. Interior photos show updated tile flooring and fresh neutral paint, making it move-in ready. The exterior stucco and common areas appear clean and well-managed, suggesting an effective age much lower than its chronological age.
With three units currently occupied and one vacant for immediate leasing or owner-occupancy, this property offers instant revenue and operational flexibility for investors.
Rare features such as private fenced yards for downstairs units and French doors leading to decks/patios significantly enhance tenant appeal and retention.
The property is impeccably maintained with evident pride of ownership, suggesting lower immediate capital expenditure requirements compared to typical multi-family assets.
Built in 1985, the property may soon require significant updates to major systems like HVAC, roofing, or plumbing to maintain its competitive edge in the market.
The identical 2-bedroom, 1-bathroom layout across all four units limits the ability to attract a diverse range of tenant profiles, such as larger families or single professionals.
Words can't fully capture the value of this impeccably maintained four-plex, where pride of ownership is evident throughout. Ideally situated in a highly desirable rental community, this property offers both stability and long-term upside for any investor. Each of the four units features a 2-bedroom, 1-bath layout with 926 square feet, providing comfortable and functional living spaces that remain in high demand. Three units are currently occupied, delivering immediate cash flow, while Unit #4 is vacant and available to show. Each unit includes French doors leading to a spacious front deck or patio area, creating a welcoming indoor-outdoor feel. The downstairs units enjoy private fenced yards, a rare amenity that enhances tenant appeal.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,704 | - |
| Lot Size | - | - |
| Price | $799.9K | $228.9K |
| Price per sq ft | $216 | $256 |
| Built year | 1985 | 0 |
| HOA | $0 | $0 |
| Days on market | 2 | 4774 |
Jul 21, 2026
$799,900
Initial Listing