$400,000
Phoenix, AZ 85029
MLS# 6151188
Status: Closed
1 / 17
Property Description
1 story - 4-plex - block construction 1958. One 2-BDRM & three 1-BDRM units. Drive by only, Do not disturb the tenants.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $400,000
Sold Price: $400,000
Status: Closed
List Date: 2020-10-22
Location, Tax & Legal
Assessor's Map #: 14
Legal Description (Abbrev): DESERT COVE EXTENSION LOT 17 S2 NE4 EX E 10'
Assessor's Parcel #: 24
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103615
Taxes: 1307
Legal: DESERT COVE EXTENSION LOT 17 S2 NE4 EX E 10'
Marketing Name: Desert Cove
Map Code/Grid: M34
House Number: 10648
Compass: N
Street Name: 15TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 5186
County Code: Maricopa
Subdivision: DESERT COVE EXTENSION LOTS 1-4, 13-20, 29-32
Assessor Number: 159-14-024
Tax Year: 2020
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 11,362 sq ft.
Total # of Units: 4
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Year Built: 1958
Zoning: R-3
Legal Info
Range: 3E
Section: 19
Township: 3N
Lot Number: 17
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Concrete: 1
Ceramic Tile: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Landscape Exp: 1200
Annual Maint Exp: 5500
Annual Mgmt Exp: 2400
Annual Wtr/Swr Exp: 2240
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 12647
Other Income: 0
Vacancy Allowance: 0.02
Adjusted Gross Inc: 29988
Total Monthly Rental Income: 2550
Pmt & Rate Info
Cap Rate: 2.73
Equity: 440000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Curb(s) & Gutter(s): 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 625
Avg SqFt: 686
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 677
Avg SqFt: 854
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Buyer - B
Payment Type: Interest Only
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 15th Ave & Peoria Ave
Directions: East on Peoria Ave from Black Canyon Hwy (i17), turn left onto 15th Ave going North. Property is on the left, just before Sahuaro Dr.
Geo Lat: 33.583547
Geo Lon: -112.09157
Status Change Info
Off Market Date: 2020-12-09
Under Contract Date: 2020-10-28
Close of Escrow Date: 2020-12-11
Sold Price: $400,000
Income Expenses
Gross Annual Sch Inc: 30600
Net Operating Income: 12000
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Concrete; Ceramic Tile
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Curb(s) & Gutter(s); Sidewalk(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: On Street; >1 Space Per Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Conventional
Environmental: None
Listing Office: LHM Realty
Last Updated: April - 07 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Broker Attribution:
Dick@LHMRealty.com
