$1,175,000
Phoenix, AZ 85006
MLS# 6981950
1 / 17
Property Description
1018 & 1022 North 22nd Place is an 8-unit, garden-style apartment community built in 1986, featuring a desirable unit mix of 100% two-bedroom, one-bathroom apartments. The property is comprised of two individually parceled fourplexes, offering flexibility for financing or future disposition strategies. Each unit is separately metered for electricity and includes ample on-site parking. Ideally located just minutes from Downtown Phoenix, Sky Harbor International Airport, and major freeway access, the asset provides a clear value-add opportunity through interior and exterior upgrades and presents strong upside potential.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,175,000
List Price: $1,175,000
Status: Active
List Date: 2026-02-09
Location, Tax & Legal
Assessor's Map #: 4
Legal Description (Abbrev): S 50' OF N 100' OF W 126' OF E 587' OF W 990' OF S2 S2 SE4 NE4 .14 AC
Assessor's Parcel #: 98
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113300
Taxes: 681
Legal: S 50' OF N 100' OF W 126' OF E 587' OF W 990' OF S2 S2 SE4 NE4 .14 AC
Marketing Name: 1018 & 1022 N 22nd Place
House Number: 1018
Compass: N
Street Name: 22ND
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3172
County Code: Maricopa
Assessor Number: 116-04-098-B
Tax Year: 2025
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 13
Lot Size Dimensions: 12,500 sqft
Total # of Units: 8
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Year Built: 1986
Zoning: R-5
Legal Info
Range: 3E
Section: 3
Township: 1N
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Tile: 1
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 681
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 1250000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Electric: 1
Individual: 1
Cooling
Electric: 1
Individual: 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Electric Oven: 1
Microwave: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1089
Avg SqFt: 645
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.459311
Geo Lon: -112.033091
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Tile; Vinyl
Sale Includes: Land & Building
Community Features: Other
Appliances Included: Built-In Electric Oven; Refrigerator; Microwave
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter
Gas: None
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: ABI Multifamily
Last Updated: April - 08 - 2026
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