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
-
Property Access
- Road Surface: Concrete
-
Appliances & Equipment
- Free-Standing Range
- Disposal
- Dishwasher
- Refrigerator
- Microwave
- Washer/Dryer
-
Bathrooms
- 3 total bathrooms
-
Bedrooms
- 4 total bedrooms
-
Building
- Built in 1932
- 1 building
- Construction Materials: Wood Frame, Stucco, Block
-
Community
- No Pool
-
Cooling
- Central Air
- Electric
-
Disclosures
- None
-
Expenses
- Operating: $1,568
-
Floors
- Vinyl
-
Heating
- Heat Pump
- Electric
-
Income
- Gross Income: $50,661.6
- Gross ScheduledIncome: $53,328
- Net Operating Income: $50,661
-
Listing
- Listing ID: 6920059
- Standard Status: Active Under Contract
- MLS Status: UCB (Under Contract-Backups)
- 352 days on market
-
Location
- Subdivision: OAKLAND
- County/Parish: Maricopa
-
Lot
- Dimensions: 8700 sqft
-
Owner Pays
- Electricity
- Water
- Sewer
-
Parking
- 5 open parking spaces
- 5 total parking spaces
- >1 Space Per Unit
-
Roof
- Composition
-
Schools
- Elementary School District: Phoenix Elementary District
- High School District: Phoenix Union High School District
-
Sewer
- Public Sewer
-
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
-
Utilities
- Water Source: City Franchise
- APS
Property Map
Street View
Market Trends for 85007, Phoenix, AZ
Nearby Schools
Request More Information
Schedule a Showing
Similar Properties Nearby
This content last updated on September 6, 2026 7:58PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.