2 Beds
2 Baths
1,125 SqFt
2 Beds
2 Baths
1,125 SqFt
Key Details
Property Type Condo, Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 1,125 sqft
Price per Sqft $400
Subdivision Edison Midtown Condominiums
MLS Listing ID 6908701
Style Contemporary
Bedrooms 2
HOA Fees $533/mo
HOA Y/N Yes
Year Built 2018
Annual Tax Amount $3,706
Tax Year 2024
Lot Size 1,198 Sqft
Acres 0.03
Property Sub-Type Apartment
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
This listing is part of a rare three-unit portfolio—Units 3002, 3006, and 3009—each individually upgraded, turnkey, and poised for immediate occupancy. Every unit in the bundle includes two covered parking spaces and a dedicated storage room, streamlining operations for both personal use and investment strategy. For investors, the portfolio offers strategic control in one of Phoenix's fastest-appreciating urban corridors, with short-term rental viability across all three units and operational efficiency baked into the location and layout. Shared vendor relationships, reduced overhead, and simplified management make this bundle a high-functioning asset with flexible exit options flip one, lease two, or hold all three.
With a total of 3,626 square feet and a list price of $1,445,000, the bundle offers a blended price of $398.38 per square foot. Buyers unlock 5-8% in instant equity compared to piecemeal acquisition, with ~$75K in value captured upfront. The portfolio averages $400.62/SF, well below the active market average of $434.67/SF and closed average of $452.27/SF positioning you as the value leader. On a per-square-foot basis, you're acquiring at approximately 17-27% below market, creating a rare opportunity for both immediate cash flow and long-term appreciation.
Midtown velocity continues to climb, and Edison units consistently trade above market due to their amenity-rich lifestyle and walkable location. Seller is offering exclusive terms for portfolio buyers, and with limited inventory at Edison, this configuration may not be replicable again. Whether you're building a short-term rental empire or anchoring a long-term equity play, this three-unit package delivers unmatched value, flexibility, and upside.
***See document tab for list of owners improvements ****
Location
State AZ
County Maricopa
Community Edison Midtown Condominiums
Rooms
Other Rooms Great Room
Master Bedroom Split
Den/Bedroom Plus 2
Separate Den/Office N
Interior
Interior Features High Speed Internet, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, Elevator, Kitchen Island, 3/4 Bath Master Bdrm
Heating Electric
Cooling Central Air
Flooring Tile, Wood
Fireplaces Type None
Fireplace No
Window Features Low-Emissivity Windows,Dual Pane
SPA None
Exterior
Parking Features Gated, Assigned, Community Structure
Garage Spaces 2.0
Garage Description 2.0
Fence None
Community Features Gated, Community Spa, Community Spa Htd, Near Light Rail Stop, Near Bus Stop, Fitness Center
Roof Type Other
Porch Covered Patio(s), Patio
Private Pool No
Building
Story 7
Builder Name DECO COMMUNITIES
Sewer Public Sewer
Water City Water
Architectural Style Contemporary
New Construction No
Schools
Elementary Schools Encanto School
Middle Schools Clarendon School
High Schools Central High School
School District Phoenix Union High School District
Others
HOA Name EDISON MIDTOWN
HOA Fee Include Roof Repair,Insurance,Sewer,Maintenance Grounds,Gas,Trash,Water,Roof Replacement,Maintenance Exterior
Senior Community No
Tax ID 118-34-536
Ownership Condominium
Acceptable Financing Cash, Conventional, FHA
Horse Property N
Disclosures Agency Discl Req, Seller Discl Avail
Possession By Agreement
Listing Terms Cash, Conventional, FHA
Special Listing Condition N/A, Owner/Agent
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1098 Forest Highlands Drive, Flagstaff, AZ, 86005, USA