Viewing Listing MLS# 6992945
$699,900 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Phoenix, AZ 85003
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1936Year Built
- 0.00Acres
- 90 yearsEst Age
- MLS# 6992945
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market3 months, 16 days
- AreaN/A
- CountyMaricopa
- Subdivision Montgomery
Overview
Exceptional 3-unit, garden-style investment opportunity offering a 9.23% gross CAP rate. The property features a thoughtfully reimagined front residence originally built in 1936 and fully renovated in 2024, along with a newly constructed rear ADU completed in 2024. The unit mix includes one (1) 3-bed/2-bath unit, (1) 2-bed/2bath unit, and (1) 2-bed/1-bath unit. Each residence offers fully upgraded interiors with white quartz countertops, luxury vinyl plank flooring, subway tile showers, stainless steel appliances, and in-unit washer and dryer. Recent exterior improvements include new stucco, dual-pane windows, new HVAC systems, a new roof, and ample on-site storage. Tenants also enjoy access to a spacious shared backyard area, creating a comfortable outdoor setting for residents. designed for shared outdoor living.Ideally situated in the Roosevelt Arts District, the property offers convenient access to Downtown Phoenix's thriving cultural venues, acclaimed dining, and premier entertainment destinations.
Agriculture / Farm
Association Fees / Info
Community Features: Other
Hoa: No
Bathroom Info
Building Info
Construction Materials: Stucco, Block
Roof: Built-Up
Exterior Features
Financial
Owner Pays: Water,Sewer
Gross Income: 66840
Garage / Parking
Parking Features: >1 Space Per Unit
Interior Features
Flooring: Ceramic Tile, Vinyl
Appliances: Disposal, Dishwasher, Refrigerator, Free-Standing Gas Oven, Microwave, Washer/Dryer
Lot Info
Lot Size: 134'x50'
Number of Buildings: 2
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R5
Tax Info
Tax Legal Description: MONTGOMERY LOTS 7 & 8 BLK 35
Tax Amount Annual: 523
Unit Info
Total Units: 3
Utilities / Hvac
Water Source: City Franchise
Electric: APS
Cooling: Yes
Cool System: Ceiling Fan(s), Electric
Heating: Forced Air, Central
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Directions
From 7th Street - Turn West onto Buckeye Rd - Turn North onto 1st Street. 2nd House (3rd Lot) on Right.
Listings courtesy of Jason Mitchell Real Estate
MLS# 7042041 
