$723,900
Phoenix, AZ 85003
MLS# 6979757
1 / 41
Property Description
*Gross 9.23% CAP Rate*. 3 Units, Garden-Style Property, Built front building built in 1936/renovated 2024 and back ADU built in 2024. Unit Mix Consists of (2) 1-Bed / 1-Bath Units & (1) 2-Bed / 2-Bath Units. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliances, & In-Suite Washer / Dryer. Exterior Upgrades Include Brand New Stucco, New Windows & AC Units, Ample Storage Space, & Large Common Backyard Area. New roof just installed. Located in the Roosevelt Arts District, Which Provides Easy Access to Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $723,900
List Price: $723,900
Status: Active
List Date: 2026-02-04
Location, Tax & Legal
Assessor's Map #: 24
Legal Description (Abbrev): MONTGOMERY LOTS 7 & 8 BLK 35
Assessor's Parcel #: 105
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114200
Taxes: 523
Legal: MONTGOMERY LOTS 7 & 8 BLK 35
Marketing Name: Brand new triplex in PHX
House Number: 1015
Compass: S
Street Name: 1ST
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 2601
County Code: Maricopa
Subdivision: MONTGOMERY ADD BLKS 23-26 31-34 39-42 47-50
Assessor Number: 112-24-105
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 134'x50'
Total # of Units: 3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Lowell Elementary School
Jr. High School: Phoenix #1 iAcademy
Year Built: 1936
Zoning: R5
Legal Info
Range: 3E
Section: 8
Township: 1N
Lot Number: 7
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Built-Up: 1
Floors
Laminate: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 523
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 66840
Pmt & Rate Info
Cap Rate: 9.23
Equity: 723900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Lockbox Type
Combo: 1
Community Features
Other: 1
Heating
Forced Air: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Gas Oven: 1
Microwave: 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
None: 1
Owner Pays
Water: 1
Sewer: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1785
Avg SqFt: 800
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 2000
Avg SqFt: 1000
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 7th Avenue & Buckeye Road
Directions: From 7th Street - Turn West onto Buckeye Rd - Turn North onto 1st Street. 2nd House (3rd Lot) on Right.
Geo Lat: 33.437531
Geo Lon: -112.074708
Income Expenses
Gross Annual Sch Inc: 66840
Net Operating Income: 66840
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Stucco
Roofing: Built-Up
Floors: Laminate
Sale Includes: Land & Building; Laundry Equipment
Community Features: Other
Appliances Included: Free-Standing Gas Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Forced Air; Central
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: Combo
New Financing: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Listing Office: Gentry Real Estate
Last Updated: February - 05 - 2026
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