2234 W Hazelwood Street, Phoenix, AZ 85015
- $3,300,000
- 40
- BD
- 24
- BA
- List Price
- $3,300,000
- Price Change
- ▼ $300,000 1771041516
- Days on Market
- 276
- Status
- ACTIVE
- MLS#
- 6955610
- City
- Phoenix
- Bedrooms
- 40
- Bathrooms
- 24
- Subdivision
- Rowlett Manor Lot 1
- Year Built
- 1985
Property Description
Hazelwood Apartments is a 24-unit garden-style community built in 1985 in Central Phoenix, featuring (8) one-bedroom and (16) two-bedroom units, all individually metered for electricity. Amenities include on-site laundry and 34 parking spaces. Twenty-five percent of the units are subject to a HUD LURA through 2030, requiring income-qualified tenants and restricted rents, while the remaining units operate at market rates. Located near the light rail corridor, GCU, and major employment centers, the property benefits from infill development and strong rental demand. Light value-add potential exists through interior upgrades, enhanced curb appeal, and modernization of common areas, supporting long-term stability and operational upside.
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Additional Information
- Community Features
- Other
- Construction
- Wood Frame, Steel Frame, Stucco
- Cooling
- Central Air, Electric
- Heating
- Electric
- New Financing
- Other (See Remarks)
- Parking Features
- >1 Space Per Unit
- Roofing
- Composition
- Subdivision
- Rowlett Manor Lot 1
- Taxes
- $7,970
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 24
- Water
- City Franchise
- Zoning
- R-4
Courtesy of ABI Multifamily. 602-714-1400
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