$525,000
Phoenix, AZ 85040
MLS# 6731399
Status: Closed
1 / 9
Property Description
Welcome! This 4-plex is situated between downtowns of Tempe and Phoenix, with easy access to I-10, and will capitalize on the I-10 Broadway Curve Improvement Project upon completion in 2025. Offering two 2-bedrooms and two 1-bedrooms, three of the 4 tenants are month-to-month. Three of the rental units have newer HVAC units (A & B were installed in 2023). Unit C also has a 2023 in-wall mini-split A/C unit. All-new roof across entire buliding in 2018. Exterior and fence painting in 2022.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $525,000
Sold Price: $525,000
Status: Closed
List Date: 2024-07-15
Location, Tax & Legal
Assessor's Map #: 36
Legal Description (Abbrev): LOT 10 HARLEM HOMES MCR 003517
Assessor's Parcel #: 43
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 115300
Taxes: 2412
Legal: LOT 10 HARLEM HOMES MCR 003517
Marketing Name: N/A
House Number: 2014
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 2550
County Code: Maricopa
Subdivision: HARLEM HOMES
Assessor Number: 122-36-043
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 1
Lot Size Dimensions: 105’ x 62’ x 112’ x 65’
Total # of Units: 4
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Percy L Julian School
Jr. High School: Phoenix Coding Academy
High School: South Mountain High School
Year Built: 1946
Zoning: C-2
Legal Info
Range: 3E
Section: 22
Township: 1N
Lot Number: 10
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Other: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2412
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 36350
Pmt & Rate Info
Equity: 525000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Central: 1
Cooling
Central Air: 1
Heat Pump: 1
Exterior Amenities
Partially Fenced: 1
Cable TV Available: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Tenant Pays
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
<1 Space Per Unit: 1
Other: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
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: E Broadway Road & S 16th Street
Directions: Head east on E Broadway Road (0.5 mi). Property is just after S 20th Street on North side of road.
Geo Lat: 33.407093
Geo Lon: -112.037761
Status Change Info
Off Market Date: 2024-09-21
Under Contract Date: 2024-08-05
Close of Escrow Date: 2024-09-30
Sold Price: $525,000
Income Expenses
Gross Annual Sch Inc: 36350
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Other
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Partially Fenced; Cable TV Available; Security Light(s)
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer
Heating: Central; Heat Pump
Cooling: Heat Pump; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: On Street; <1 Space Per Unit; Other
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Trash Collection; Landscaping
Tenant Pays: Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: Compass
Last Updated: December - 26 - 2025
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