1503 W Missouri Avenue, Phoenix, AZ 85015
$5,895,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$5,895,000
Last Modified:
2/26/2026
Overview
Description
Ideally positioned immediately north of Central Phoenix's largest major employment corridor, The Vue Townhomes (''the property'') is a 26-unit majority townhome community located at the southwest corner of the 15th Avenue and Missouri Avenue intersection. The property sits within a desirable residential neighborhood, surrounded by the growing lifestyle opportunities of a rapidly improving area and the natural beauty of the North Mountain Preserve.
Supplements: ... (Read more)
Listing Details MLS# 6989965
Location, Tax & Legal
- House Number
- 1503
- Compass
- W
- Street Name
- Missouri
- St Suffix
- Avenue
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85015
- County Code
- Maricopa
- Assessor Number
- 156-29-025
- Tax Year
- 2025
- Assessor's Map #
- 29
- Assessor's Parcel #
- 25
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Taxes
- 11078
- Legal
- DENTON TR
- Marketing Name
- The Vue Townhomes
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 0.78
- Year Built
- 1967
- Uncvrd Parking Spcs
- 12
- Total # of Units
- 26
- # of Buildings
- 2
- Zoning
- R-3
Legal Info
- Lot Number
- 19
Income Expenses
- Gross Annual Sch Inc
- 428846
- Net Operating Income
- 296047
More Information
Showing Notification Methods
- Showing Service
- Aligned Showings
1 Bedroom Units
- # 1 Bedroom Units
- 8
- Avg Rent
- 1175
- Avg SqFt
- 693
- # Baths
- 8
2 Bedroom Units
- # 2 Bedroom Units
- 18
- Avg Rent
- 1463
- Avg SqFt
- 900
- # Baths
- 18
Project Type
- 25 - 50 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Foam
- Yes
Floors
- Tile
- Yes
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 26675
- Annual Ins Exp
- 13000
- Annual Landscape Exp
- 14340
- Annual Legal & Acctg
- 1934
- Annual Maint Exp
- 25485
- Annual Mgmt Exp
- 15183
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual Rplcmnt Rsrvs
- 6500
- Annual Other Expense
- 9364
- Operating Exp
- 123559
- Other Income
- 31569
- Vacancy Allowance
- 0.08
- Adjusted Gross Inc
- 423581.8
Pmt & Rate Info
- Cap Rate
- 5.02
- Equity
- 5895000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- Pool
- Yes
Heating
- Individual
- Yes
Cooling
- Individual
- Yes
Exterior Amenities
- Green Landscaping
- Yes
- Desert Landscaping
- Yes
- Fenced
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Dishwasher
- Yes
- Free-Standing Electric Oven
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- >1 Space Per Unit
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
- Pool Maintenance
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- 1031 Exchange
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
25 - 50 Units
Construction:
Block
Const - Finish:
Painted
Roofing:
Foam
Floors:
Tile; Vinyl
Sale Includes:
Land & Building
Community Features:
Pool
Exterior Amenities:
Green Landscaping; Desert Landscaping; Fenced
Appliances Included:
Free-Standing Electric Oven; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Heating:
Individual
Cooling:
Individual
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
None
Parking Features:
>1 Space Per Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays:
Electricity
Source of Fincl Data:
Owner
Lockbox Type:
None
New Financing:
Cash; Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Marcus & Millichap
Last Updated: February - 26 - 2026
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