1515 W TONTO Street, Phoenix, AZ 85007

• 4 beds |
• 3 baths |
• 1,485 sqft

Property Description

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!

Listing Status:

Active

Date Added:

November 8, 2025 at 06:00AM

Listing Office:

eXp Realty : 888-897-7821

Listing Agent:

Natalia Yalin : 858-729-4377

MLS ID:

6944308

Interior

• General: High Speed InternetGranite CountersEat-in KitchenFurnished(See Rmrks)2 Master BathsFull Bth Master Bdrm
• Flooring: Tile
• A/C: Central AirMini Split
• Heating: Electric

Exterior

• General: Private YardScreened in Patio(s)Separate Guest HouseGazebo

Construction

• Roofing: Composition
• Windows: Dual Pane
• General: StuccoBlock

Location

• HOA Amenities: No Fees
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Phoenix Elementary District
• County: Maricopa

Lot

• Zoning: 11214112
• Fencing: Block

Utilities

• Water: City Water
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Natalia Yalin, eXp Realty