$292,000
Phoenix, AZ 85006
MLS# 5923895
Status: Closed
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Property Description
Excellent cash flowing investment in Garfield Historic neighborhood. Four 2 bedroom 1 bath units, 100% occupied producing $2550/ month plus rental tax. Units 1 & 3 paying $750/ month, unit 2 paying $550 and unit 4 paying $500. Needs work but with improvements there is significant room for increased rents in the area. Owner pays water, sewer and trash, tenants responsible for gas and electric. Remodeled 1 bedroom units in the neighborhood are renting for $1000 plus monthly, great cash flow property. Private hard money available call listing agent for details.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $292,000
Sold Price: $292,000
Status: Closed
List Date: 2019-05-10
Location, Tax & Legal
Assessor's Map #: 19
Legal Description (Abbrev): LOT 6 BLOCK 1 WALLACE TRACT MCR 000604
Assessor's Parcel #: 183
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113201
Taxes: 888
Legal: LOT 6 BLOCK 1 WALLACE TRACT MCR 000604
Marketing Name: Four Plex
Map Code/Grid: Q34
House Number: 1530
Compass: E
Street Name: PIERCE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3556
County Code: Maricopa
Subdivision: WALLACE TRACT
Assessor Number: 116-19-183
Tax Year: 2018
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 6,992
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Phoenix Prep Academy
High School: North High School
Year Built: 1936
Zoning: R-4
Legal Info
Range: 3E
Section: 4
Township: 1N
Block: 1
Lot Number: 6
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2136
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: 2700
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 5724
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Total Monthly Rental Income: 2550
Pmt & Rate Info
Down Payment: 0
Equity: 309900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Electric: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
1 Space/Unit: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 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
Contact Info
List Agent Home Phn: 480-476-3388
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 625
Avg SqFt: 600
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 16th St & ROOSEVELT
Directions: South from Roosevelt to Pierce, West on Pierce to building on North side of Street
Geo Lat: 33.456074
Geo Lon: -112.048602
Status Change Info
Off Market Date: 2019-06-06
Under Contract Date: 2019-06-06
Close of Escrow Date: 2019-06-19
Sold Price: $292,000
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Building(s) Only
Community Features: No Pool
Appliances Included: Built-In Range; Refrigerator
Heating: Individual
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; 1 Space/Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
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: Conventional
Environmental: None
Listing Office: Venture REI, LLC
Last Updated: April - 07 - 2026
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