$685,000
Phoenix, AZ 85034
MLS# 7007395
1 / 21
Property Description
This duplex is brand new! It is ready for you to put tenants in right away. Everything has been completed, down to the window shades. Features include stainless steel appliances, washer & dryer, quartz counter tops in the kitchen and bathrooms. Property is setup for a long term rental or coliving or PadSplit. Four bedrooms and two baths in each unit. See proforma for estimated numbers based on actual PadSplit properties of the same floor plan. Review the cap rate!
Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $685,000
List Price: $685,000
Status: Active
List Date: 2026-04-01
Location, Tax & Legal
Assessor's Map #: 43
Legal Description (Abbrev): LOT 32 LINCOLN PARK MCR 003425
Assessor's Parcel #: 79
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 117200
Taxes: 872
Legal: LOT 32 LINCOLN PARK MCR 003425
Marketing Name: Papago Duplex
House Number: 1106
Compass: E
Street Name: PAPAGO
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85034
Zip4: 4518
County Code: Maricopa
Subdivision: LINCOLN PARK
Assessor Number: 115-43-079
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 127' x 51'
Total # of Units: 2
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Silvestre S Herrera School
Jr. High School: Silvestre S Herrera School
High School: North High School
Year Built: 1948
Zoning: R-3
Legal Info
Range: 3E
Section: 16
Township: 1N
Lot Number: 32
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Other: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 872
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 85500
Pmt & Rate Info
Cap Rate: 9.77
Equity: 685000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heat Pump: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Road Responsibility
City Maintained Road: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
See Remarks: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 2
Avg Rent: 37500
Avg SqFt: 1020
# Baths: 2
Remarks Misc
Cross Street: S 12th St & E Pima St
Directions: AZ-51 S to Washington St. Take exit 148 from I-10 E, Continue on Washington St. Take S 16th St and E Buckeye Rd to E Papago St.
Geo Lat: 33.434339
Geo Lon: -112.058325
Income Expenses
Gross Annual Sch Inc: 90000
Net Operating Income: 66936
Property Features
Project Type: Duplex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Other
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump; Central Air
Water Source: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Carport; >1 Space Per Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Projected Proforma
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; Conventional; No Carry; 1031 Exchange
Environmental: None
Proforma 
Listing Office: FSR Realty
Last Updated: April - 01 - 2026
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