1656 E INDIANOLA Avenue, Phoenix, AZ 85016 - MLS #7020588

images$585,000 images3 Beds

images2 Bath images1,584 sqft images1944

imagesActive

icon Ask a Question

Description

Located in the heart of Phoenix, this fully remodeled 3-bedroom, 2-bath home offers an exceptional opportunity for both investors and developers. Situated on a generously sized lot, the property provides significant potential for expansion, including the possibility of building multiple units--ideal for maximizing long-term value and cash flow. The home itself has been thoughtfully updated and is currently tenant-occupied, offering immediate rental income from day one. Whether you're looking to hold as a performing asset or redevelop, the flexibility here is a major advantage. Positioned in a rapidly growing area near Arcadia Lite and just minutes from Biltmore Fashion Park, you'll enjoy close proximity to some of the city's best dining, shopping, and entertainment. DEVELOPERS WELCOME!

Property Features
Special Listing Cond: N/A
Master Bathroom: 3/4 Bath Master Bdrm; Double Vanity; Other (See Remarks)
Flooring: Vinyl
Window Features: Screens
Spa: None
Dining Area: Eat-in Kitchen; Dining in LR/GR; Other (See Remarks)
Kitchen Features: Disposal; Dishwasher; Built-in Microwave; Refrigerator; Pantry; Laminate Counters
Laundry: Washer Included; Dryer Included; Inside
Road Access Type: Alley
Construction: Block; Other
Const - Finish: Other (See Remarks)
Roofing: Composition
Cooling: Central Air
Heating: Other
Utilities: APS
Water Source: City Water
Sewer: Sewer - Public
Fencing: Wood; Chain Link
Landscaping: Dirt Front; Dirt Back
Showing Notification Methods: Text
Lockbox Type: Other
Possession: Subject To Tenant Rights
Association Fee Incl: No Fees
Existing 1st Loan: Other (See Remarks)
New Financing: Cash; VA; FHA; Conventional; FannieMae (HomePath)
Disclosures: Seller Discl Avail; Agency Discl Req
Contract Information
List Price: $585,000
Status: Active
Current Price: $585,000
List Date: 2026-04-14
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 1656
Compass: E
Street Name: INDIANOLA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 5960
Country: US
County Code: Maricopa
Assessor Number: 119-29-012-A
Subdivision: AVENEL PARK
Tax Year: 2025
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 3
Full Bathrooms: 2
Total Bathrooms: 2
Approx SQFT: 1584
Price/SqFt: 369.32
Horses: N
Builder Name: Unknown
Year Built: 1944
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 11286
Approx Lot Acres: 0.259
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Loma Linda Elementary School
Jr. High School: The Creighton Academy
High School: Camelback High School
Remarks Misc
Cross Street: 16th Steet and Indian School,
Directions: go East to 17th Street, go South to Indianola, go West to property.
Geo Lat: 33.492629
Geo Lon: -112.045149
Legal Info
Township: 2N
Range: 3E
Section: 27
Lot Number: 2
Basement
Basement Y/N: N
Parking Spaces
Carport Spaces: 2
Slab Parking Spaces: 2
Total Covered Spaces: 2
Showing Notification Methods
Showing Service: No Showing Service Used