1217 E Hess Ave offers an exceptional investment opportunity with an assumable FHA loan at 5.25%. This property is minutes from Downtown Phoenix, Sky Harbor Airport, and major freeways (I-10, Loop 202). The property is surrounded by major employment hubs including ASU's Downtown campus, Phoenix Biomedical Campus, Maricopa County and City of Phoenix government centers, and top corporate employers like Freeport-McMoRan, Honeywell, Wells Fargo, Chase, and APS. Ongoing redevelopment in the Warehouse District and Central City neighborhoods is fueling rental demand from young professionals, students, and healthcare workers. With excellent access to transit, entertainment, and a strong, diverse job market, this property is well-positioned for steady cash flow and long-term appreciation.
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Location
1217 E HESS Avenue, Phoenix, AZ 85034
Status
Sold
Property Amenities
Interior
AppliancesRefrigerator, Built-In Gas Oven, Washer/Dryer
FlooringVinyl
Area & Lot
MLS® ID6880768
Year Built1946
School DistrictPhoenix Union High School District
TypeMulti-Family
StatusSold
Exterior
Air conditioningElectric
Heat typeElectric
Water SourceCity Franchise
SewerPublic Sewer
Parking1 Space/Unit, On Street
RoofComposition
Finance
Sales Price$505,000
Maintenance Fee$1,500 monthly
Real Estate Tax$681 yearly
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