Courtesy of Gentry Real Estate
Property Description
Gross 10.1% CAP Rate. 3 Units, Garden-Style Property, Built in 1931 & Renovated in 2024. Unit Mix Consists of (2) 1-Bed / 1-Bath Units & (1) 2-Bed / 2-Bath Units. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliances, & In-Suite Washer / Dryer. Exterior Upgrades Include Brand New Stucco, New Windows & AC Units, Ample Storage Space, & Large Common Backyard Area. New roof just installed. Located in the Roosevelt Arts District, Which Provides Easy Access to Downtown Phoenix’s Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options.
Open House
Property Details and Features
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Property Access
- Road Surface: Concrete
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Appliances & Equipment
- Free-Standing Range
- Disposal
- Dishwasher
- Refrigerator
- Microwave
- Washer/Dryer
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Bathrooms
- 3 total bathrooms
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Bedrooms
- 4 total bedrooms
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Building
- Built in 1932
- 1 building
- Construction Materials: Wood Frame, Stucco, Block
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Community
- No Pool
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Cooling
- Central Air
- Electric
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Disclosures
- None
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Expenses
- Operating: $1,568
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Floors
- Vinyl
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Heating
- Heat Pump
- Electric
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Income
- Gross Income: $50,661.6
- Gross ScheduledIncome: $53,328
- Net Operating Income: $50,661
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Listing
- Listing ID: 6920059
- Standard Status: Active Under Contract
- MLS Status: UCB (Under Contract-Backups)
- 352 days on market
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Location
- Subdivision: OAKLAND
- County/Parish: Maricopa
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Lot
- Dimensions: 8700 sqft
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Owner Pays
- Electricity
- Water
- Sewer
-
Parking
- 5 open parking spaces
- 5 total parking spaces
- >1 Space Per Unit
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Roof
- Composition
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Schools
- Elementary School District: Phoenix Elementary District
- High School District: Phoenix Union High School District
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Sewer
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 111-24-054
- Public Survey Range: 3E
- Public Survey Section: 6
- Annual Amount: $1,568
- Tax Book Number: 111.00
- Legal Description: OAKLAND
- Lot: 8
- Year: 2024
- Zoning: R-5
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Utilities
- Water Source: City Franchise
- APS
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This content last updated on September 6, 2026 6:48PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.