Courtesy of: Belinda W Li, My Home Group Real Estate, realtybybelinda@gmail.com
Courtesy of: Belinda W Li, My Home Group Real Estate, realtybybelinda@gmail.com
$669,900
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Other
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$669,900
2612 W Pierson Street Fully renovated triplex investment opportunity in Phoenix's 85017 Canyon Corridor. The property underwent a comprehensive refresh just over a year ago and has been meticulously maintained since. Major capital improvements include a new roof (July 2024), all new sewer lines from under-slab to city connection, and updated electrical wiring-rare peace of mind for multifamily in this vintage. Each unit offers upgraded finishes with new flooring, cabinets, windows (with 2'' faux wood blinds), stainless steel appliances, in-unit stack washer/dryer, and private fenced backyards. Two of the three AC units and all water heaters installed in 2024. The property features block wall construction with metal security gates, a shared courtyard with picnic area, and strong tenant appeal. Currently 100% occupied. Grand Canyon University (GCU) is the neighborhood's dominant demand driver. Enrollment has surged from ~118, 000 in 2023 to over 125, 000 in 2024, and is projected to exceed 133, 000 by 2025-26. The Phoenix campus now houses ~25, 000 students, with ~17, 000 living in 33 residence halls. GCU's growth generates year-round rental demand, service jobs, and billions in annual economic output for the area. Ongoing Canyon Corridor revitalization through public-private partnerships improving safety, streetscape, and long-term property values. Just off I-17 with direct access to Camelback Rd and 27th Ave. Served by Valley Metro bus routes and a short ride to light rail.
Courtesy of: Belinda W Li, My Home Group Real Estate, realtybybelinda@gmail.com
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