$619,900
1515 W TONTO Street, Phoenix, AZ 85007
MLS# 6987208 · STEVE RAYBURN SUBDIVISION
NaN
Beds
NaN
Baths
1,485
Sq Ft
$417
$/Sq Ft
NaN
Year Built
6,426
Lot Sq Ft
About This Home
Fully renovated and fully furnished, this turnkey 3-unit short-term rental in Downtown Phoenix offers strong, documented cash flow and an impressive 4.8+ star Airbnb rating. The asset generated $119,442 in gross revenue in 2024 and $103,198 in 2025, with a two-year average revenue of approximately $111,320, producing operating income of $62,272 in 2024 and $53,719 in 2025, for a two-year average NOI of roughly $57,996--reflecting strong operating margins of about 52%. This is a stabilized, high-margin hospitality investment ideal for investors seeking immediate cash flow, experienced short-term rental operators expanding their portfolio, or buyers looking for a prime-location income property in one of Arizona's fastest-growing urban markets.
Property Details
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Listed by Chat.RealEstate
Arizona Real Estate Brokerage
License CO721005000
Chat.RealEstate · License CO721005000 · Equal Housing Opportunity
AI interactions are informational only and do not constitute agency.