$650,000
Phoenix, AZ 85009
MLS# 6893837
1 / 19
Property Description
Downtown Phoenix 5-Units. Tenants are all month to month. Strong in-place rent. Current Annual Gross Income $77,400 ($6,450/Month). Current condition: Functional/C-Class. Potential for investors to reposition into 7 Units and optimize cash flow. Property has a current city violation related to two non-conforming units. Seller will provide full documentation. Property is sold in as-is condition. Priced accordingly for experienced investors. Buyer shall verify all facts and figures.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $650,000
List Price: $650,000
Status: Active
List Date: 2025-07-17
Location, Tax & Legal
Assessor's Map #: 49
Legal Description (Abbrev): CAPITOL
Assessor's Parcel #: 120
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114402
Taxes: 853
Legal: CAPITOL
Marketing Name: Jefferson Street 5 Units
House Number: 2002
Compass: W
Street Name: JEFFERSON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 5221
County Code: Maricopa
Subdivision: CAPITOL ADDITION
Assessor Number: 109-49-120
Tax Year: 2024
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 7
Lot Size Dimensions: 7,000
Flood Zone: Yes
Total # of Units: 5
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1935
Zoning: R-3
Legal Info
Range: 2E
Section: 12
Township: 1N
Lot Number: 24
Project Type
5 - 12 Units: 1
Construction
See Remarks: 1
Const - Finish
Other (See Remarks): 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 6000
Annual Gas Exp: 1080
Annual Ins Exp: 6000
Annual Maint Exp: 4000
Annual Wtr/Swr Exp: 4800
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 22733
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 75078
Pmt & Rate Info
Cap Rate: 9.66
Equity: 650000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
See Remarks: 1
Heating
Other: 1
Cooling
Other: 1
Tenant Pays
Cable TV: 1
None: 1
Appliances Included
Built-In Electric Oven: 1
Refrigerator: 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
Electric
APS: 1
Gas
SW Gas: 1
City Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 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
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Jefferson St & 20th Ave
Geo Lat: 33.447317
Geo Lon: -112.102442
Income Expenses
Gross Annual Sch Inc: 77400
Net Operating Income: 62821
Property Features
Project Type: 5 - 12 Units
Construction: See Remarks
Const - Finish: Other (See Remarks)
Roofing: Composition
Floors: Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool; See Remarks
Appliances Included: Built-In Electric Oven; Refrigerator; Washer/Dryer
Heating: Other
Cooling: Other
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas; City Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas
Tenant Pays: Cable TV; None
Source of Fincl Data: Owner
Showing Notification Methods: Email; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Compass
Last Updated: April - 03 - 2026
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