2234 W HAZELWOOD Street, Phoenix, AZ 85015
$3,600,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$3,600,000
Last Modified:
12/08/2025
Description
Hazelwood Apartments is a 24-unit garden-style community built in 1970 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.
More Information MLS# 6955610
Contract Info
Ownership: Fee Simple
Current Price: $3,600,000
List Price: $3,600,000
Status: Active
List Date: 2025-12-08
Location, Tax & Legal
Assessor's Map #: 14
Legal Description (Abbrev): LOT 1 ROWLETT MANOR MCR
Assessor's Parcel #: 131
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 109002
Taxes: 7970
Legal: LOT 1 ROWLETT MANOR MCR
Marketing Name: Starlight
House Number: 2234
Compass: W
Street Name: HAZELWOOD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 4041
County Code: Maricopa
Subdivision: ROWLETT MANOR LOT 1
Assessor Number: 154-14-131
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 34
Lot Size Dimensions: 124.98*196.64
Total # of Units: 24
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Year Built: 1985
Zoning: R-4
Legal Info
Range: 2E
Section: 24
Township: 2N
Lot Number: 1
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Steel Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Laminate: 1
Tile: 1
Sale Includes
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 7970
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 3600000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
Combo: 1
Community Features
Other: 1
Heating
Electric: 1
Cooling
Central Air: 1
Electric: 1
Tenant Pays
Electricity: 1
Appliances Included
Free-Standing Electric Oven: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 950
Avg SqFt: 533
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 1150
Avg SqFt: 683
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.50434
Geo Lon: -112.107955
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame; Steel Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Laminate; Tile
Sale Includes: Other (See Remarks)
Community Features: Other
Appliances Included: Free-Standing Electric Oven; Refrigerator
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: Combo
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office:
ABI Multifamily
Last Updated: December - 08 - 2025
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