2234 W HAZELWOOD Street, Phoenix, AZ 85015 (MLS# 6955610)

2234 W HAZELWOOD Street, Phoenix, AZ 85015

$3,300,000

Property Type: Multiple Dwellings Status: Active

Current Price: $3,300,000 Last Modified: 4/14/2026

Overview

Description

Hazelwood Apartments is a 24-unit garden-style community built in 1985 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.

Listing Details MLS# 6955610

Location, Tax & Legal

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
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

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 124.98*196.64
Year Built: 1985
Uncvrd Parking Spcs: 34
Total # of Units: 24
# of Buildings: 2
Zoning: R-4
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District

Legal Info

Township: 2N
Range: 2E
Section: 24
Lot Number: Yes

Showing Notification Methods

Showing Service: No Showing Service Used

More Information

1 Bedroom Units

# 1 Bedroom Units: 8
Avg Rent: 950
Avg SqFt: 533
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 16
Avg Rent: 1150
Avg SqFt: 683
# Baths: Yes

Project Type

13 - 24 Units: Yes

Construction

Wood Frame: Yes
Steel Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes
Tile: Yes

Sale Includes

Other (See Remarks): Yes

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: 3300000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Combo: Yes

Community Features

Other: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes
Electric: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Free-Standing Electric Oven: Yes
Refrigerator: 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

Other (See Remarks): Yes

Gas

Other (See Remarks): Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Other (See Remarks): Yes

Reports/Disclosures

Other (See Remarks): Yes

Environmental

Other (See Remarks): Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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: April - 14 - 2026