$280,000
Phoenix, AZ 85006
MLS# 5778288
Status: Closed
1 / 19
Property Description
Excellent investment opportunity in the highly desired Garfield historic district. Cash flowing du-plex, recently renovated on a large lot. Zoning is multi family and allows for up to 3 units. Buy for future development, owner occupy, or take advantage of existing rents for a great ROI.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $280,000
Sold Price: $280,000
Status: Closed
List Date: 2018-06-09
Location, Tax & Legal
Assessor's Map #: 27
Legal Description (Abbrev): LOT 38 SUNNYSIDE TRACT MCR 000237
Assessor's Parcel #: 182
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113202
Taxes: 511
Legal: LOT 38 SUNNYSIDE TRACT MCR 000237
Marketing Name: Garfield
Map Code/Grid: Q34
House Number: 1117
Compass: E
Street Name: GARFIELD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3239
County Code: Maricopa
Subdivision: SUNNYSIDE TRACT
Assessor Number: 116-27-182
Tax Year: 2017
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 6875
Total # of Units: 2
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Garfield School
High School: North High School
Year Built: 1926
Zoning: R-3
Legal Info
Range: 3E
Section: 4
Township: 1N
Lot Number: 38
Project Type
Duplex: 1
Other (See Remarks): 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 2400
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 4111
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 0
Total Monthly Rental Income: 2100
Pmt & Rate Info
Cap Rate: 5.62
Down Payment: 0
Equity: 375000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Central Air: 1
Electric: 1
Exterior Amenities
Sidewalk(s): 1
Interior Features
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Landscaping: 1
Appliances Included
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 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
Other: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash to Loan: 1
VA: 1
Conventional: 1
FHA: 1
Special
Economic Redevelopment Zone: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1000
Avg SqFt: 450
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1100
Avg SqFt: 568
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: FHA
Loan Years: 30
Closing Cost Split: Seller Assist - A
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 2
Seller Concession $/%: %
Remarks Misc
Cross Street: 7TH St Roosevelt
Directions: East on Roosevelt, South on 11th, East on Garfield.
Geo Lat: 33.457455
Geo Lon: -112.058081
Status Change Info
Off Market Date: 2019-04-11
Under Contract Date: 2019-03-06
Close of Escrow Date: 2019-04-10
Sold Price: $280,000
Income Expenses
Net Operating Income: 21089
Property Features
Project Type: Duplex; Other (See Remarks)
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Sidewalk(s)
Interior Features: Fire/Smoke Alarm(s)
Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave; Washer/Dryer
Heating: Natural Gas
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas
Parking Features: >1 Space Per Unit; Other
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Landscaping
Source of Fincl Data: Owner
Special: Economic Redevelopment Zone
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash to Loan; VA; FHA; Conventional
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
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