About 1515 W Tonto Street
Fully RENOVATED 3-UNIT Turnkey Short-Term Rental in Central Phoenix! Cap rate 10%+, average occupancy 75%, and strong Airbnb rating of 4.8+ stars! Comes with confirmed future bookings totaling over $5,500 through Jan 1, 2026. Property consists of one 2-bed/1-bath unit, one 1 bed/1 bath unit and private studio — each with its own kitchen, full bath, and separate entrance. The separate laundry room & shed serves gusts and maids. A fenced common courtyard offers a grill, fire pit, and lounge area with hammock — perfect for guest enjoyment. Separate maintenance/storage shed for cleaning crew and supplies. Every unit comes with furniture and decor. The property located in a high-demand area near Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, and the airport. R-3 Multifamily Zoning allows flexibility for future expansion or redevelopment. Expect immediate income with no additional work required!
Features of 1515 W Tonto Street
| MLS® # | 6944308 |
|---|---|
| Price | $675,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Square Footage | 1,485 |
| Acres | 0.15 |
| Year Built | 1943 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 1515 W Tonto Street |
|---|---|
| Subdivision | STEVE RAYBURN SUBDIVISION |
| City | Phoenix |
| County | Maricopa |
| State | AZ |
| Zip Code | 85007 |
Amenities
| Utilities | APS, SW Gas |
|---|---|
| Parking Spaces | 3 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | High Speed Internet, Granite Counters, Eat-in Kitchen, Furnished(See Rmrks), 2 Master Baths, Full Bth Master Bdrm |
|---|---|
| Appliances | Built-In Gas Oven |
| Heating | Electric |
| Cooling | Central Air, Mini Split |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior Features | Separate Guest House, Covered Patio(s), Patio, GazeboRamada, Screened in Patio(s), Pvt Yrd(s)Crtyrd(s) |
|---|---|
| Lot Description | Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Back |
| Windows | Dual Pane |
| Roof | Composition |
| Construction | Stucco, Block |
| Horse Property | No |
School Information
| District | Phoenix Union High School District |
|---|---|
| Elementary | Paul Dunbar Lawrence School |
| Middle | Paul Dunbar Lawrence School |
| High | Carl Hayden High School |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | eXp Realty |
|---|