Fully renovated and fully furnished, this turnkey 3-unit short-term rental in Downtown Phoenix offers strong, documented cash flow and an impressive 4.8+ star Airbnb rating. The asset generated $119,442 in gross revenue in 2024 and $103,198 in 2025, with a two-year average revenue of approximately $111,320, producing operating income of… Read More $62,272 in 2024 and $53,719 in 2025, for a two-year average NOI of roughly $57,996--reflecting strong operating margins of about 52%. This is a stabilized, high-margin hospitality investment ideal for investors seeking immediate cash flow, experienced short-term rental operators expanding their portfolio, or buyers looking for a prime-location income property in one of Arizona's fastest-growing urban markets. The property located in a high-demand area of Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, Van Buren.
The property features one 2-bed/1-bath unit, one 1-bed/1-bath unit, and a private studio- each with its own kitchen, full bath, and separate entrance - providing three independent income streams under one roof.
A separate laundry room and storage shed support efficient operations for guests and cleaning staff, while the fenced common courtyard with grill, fire pit, lounge seating, and hammock enhances guest experience and occupancy appeal. Read Less
Courtesy of My Home Group Real Estate 602-399-2748
Listing Snapshot
Days Online
255
Last Updated
Lot Size
0.15 Acres
MLS Number
6987208
Additional Details
Property Access
Road Surface: Asphalt
Building
Living area: 1485.0, Construction Materials: Stucco
Cooling
Window/Wall Unit, Electric
Disclosures
Seller Prop Disc Stm
Expenses
Operating: $57,170
Heating
Window/Wall Unit(s), Electric
Income
Net Operating Income: $62,272
Lot
0.15 acres
Parking
1 covered spaces, 2 open parking spaces, Private
Sewer
Public Sewer
Taxes
Parcel Number: 112-14-112, Public Survey Range: 3E, Public Survey Section: 7, Tax Book Number: 112.00, Legal Description: STEVE RAYBURN SUB
Utilities
Water Source: Master Meter, City Franchise, APS
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