Courtesy of Get Multifamily
Property Description
Four at Pierson W Pierson Street Phoenix, AZ 85017. Positioned in a high-demand rental corridor just minutes from Grand Canyon University, major parks, and immediate freeway access, Four at Pierson presents a Four at Pierson presents a remodeled (3 out of the 4 units are extensively remodeled) converted fourplex investment opportunity in the heart of Phoenix. This thoughtfully upgraded property consists of four (4) one-bedroom, one-bathroom units, each extensively renovated with updated flooring, modernized kitchens, and refreshed bathrooms. The improvements provide strong tenant appeal while minimizing near-term capital expenditure. All units are currently leased through Home Inc, with rental income ranging from $1,467 to $1,590 per unit, offering stabilized cash flow… in a prime university adjacent location. Recent capital improvements include the full replacement of existing sewer lines, providing a significant infrastructure upgrade and reducing future deferred maintenance risk. Investment Highlights: (3 out of the 4 units are extensively remodeled) Fourplex Four 1BR / 1BA units Strong in-place rents: $1,467-$1,590 per unit Sewer lines recently replaced Prime proximity to GCU, parks, retail, and major freeways Professionally managed (Home Inc) Seller Financing Opportunity: Seller is willing to carry $50,000 down and will structure an exact wrap of the existing note at 7.25% interest rate, creating a compelling financing option for qualified buyers. All facts and figures are approximate. Buyer to verify all MLS information and conduct independent due diligence.
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Property Details and Features
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Appliances & Equipment
- "Free-Standing Range"
- "Refrigerator"
- "Microwave"
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Building
- Built in 1961
- Construction materials: "Painted", "Block"
- 4 total units
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Cooling
- "Central Air"
- "Heat Pump"
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Expenses
- Electric: $868
- Fuel: $368
- Insurance: $3,000
- Maintenance: $2,000
- Water sewer: $2,522
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Floors
- "Vinyl"
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Heating
- "Electric"
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Listing
- Listing ID: 6982836
- Standard status: Active Under Contract
- 77 days on market
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Location
- Subdivision name: ALTRO TERRACE
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Parking
- "<1 Space Per Unit"
- "On Street"
- 8 total parkings
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Property
- Zoning: R-3
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Roof
- "Composition"
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Schools
- High school district: Phoenix Union High School District
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Sewer
- "Public Sewer"
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Taxes
- Annual amount: $2,025
- Lot: 17
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Utilities
- "SRP"
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This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.