1507 W TONTO Street, Phoenix, AZ 85007
1507 W TONTO Street, Phoenix, AZ 85007
1507 W TONTO Street, Phoenix, AZ 85007
1507 W TONTO Street, Phoenix, AZ 85007
1507 W TONTO Street, Phoenix, AZ 85007
1507 W TONTO Street, Phoenix, AZ 85007
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Michael Hernandez

Michael Hernandez

+1(602) 303-8998
$ 530,000
Est. payment | /mo

5 Beds

Save
$ 530,000
Est. payment | /mo
Save

5 Beds

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Steve Rayburn Subdivision

MLS Listing ID 7098734

Bedrooms 5

Year Built 1960

Annual Tax Amount $839

Tax Year 2025

Lot Dimensions 6,426 sq ft

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

This Central City triplex delivers IMMEDIATE INCOME with $4000+ in gross monthly rent already locked in. Three SEPARATELY METERED units--two in the front building, one standalone in back, all currently leased. This property checks all the boxes: immediate income, low management overhead, and clear upside. Central City location means solid tenant demand and easy access to downtown Phoenix. True hands-off operation with SEPARATE ENTRANCES for each unit, private outdoor space, requiring minimal active management and maintaining strong tenant satisfaction. Whether you're a first-time house hacker seeking to reduce your housing costs or an experienced investor building a multifamily portfolio, this three-unit property offers flexibility, immediate income, and growth potential in a stable rental market. Hurry! This won't last. DRIVE-BY ONLY--do not disturb tenants. Walkthroughs by accepted offer only. Buyer to verify all information.

Location

State AZ

County Maricopa

Community Steve Rayburn Subdivision

Area Maricopa

Zoning Multifamily

Interior

Heating Forced Air, Heat Pump

Cooling Central Air, Ceiling Fan(s), Heat Pump

Flooring Tile

Appliance Free-Standing Range, Refrigerator, Washer/Dryer

Exterior

Parking Features Off Street, Free, Assigned, Add'l Parking Avail

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 112-14-108

Ownership Fee Simple

Acceptable Financing Cash, No Carry, Conventional, 1031 Exchange, FHA

Disclosures None

Listing Terms Cash, No Carry, Conventional, 1031 Exchange, FHA

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Fathom Realty • Ari Verma
Nearby Locations

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Michael Hernandez
Michael Hernandez

Agent

+1(602) 303-8998

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1507 W TONTO Street