$455,000
Phoenix, AZ 85007
MLS# 6114127
Status: Closed
1 / 17
Property Description
1314 West Polk Street is a 4-Unit apartment building, built in 1985 and consisting of block construction. With an attractive unit mix consisting of 100% 2-Bedroom / 1-Bathroom Units with an average unit size of 713 SF. All (4) units were recently updated with renovations being completed in early 2020. A well constructed perimeter wall was recently installed which is complemented with key-pad entry gates at both the front and rear entrances. Additional Value is to be had through the installation of In-Suite W/D. Being located just outside the highly sought after ''Triangle District'' 1314 West Polk Street is just minutes from the heart of Downtown Phoenix. Property to be sold in ''as-is'' condition.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $455,000
Sold Price: $455,000
Status: Closed
List Date: 2020-08-07
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): LOT 17 BLOCK N UNIVERSITY ADDITION MCR 000132
Assessor's Parcel #: 82
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 112900
Taxes: 1241
Legal: LOT 17 BLOCK N UNIVERSITY ADDITION MCR 000132
Marketing Name: 1314 West Polk Street
Map Code/Grid: Q34
House Number: 1314
Compass: W
Street Name: POLK
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2582
County Code: Maricopa
Subdivision: UNIVERSITY ADDITION
Assessor Number: 111-28-082
Tax Year: 2019
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 50 Ft x 124 Ft
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1985
Zoning: R-5
Legal Info
Range: 3E
Section: 6
Township: 1N
Block: N
Lot Number: 17
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Other: 1
Floors
Other: 1
Sale Includes
Land & Building: 1
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1241
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 41040
Pmt & Rate Info
Cap Rate: 6
Equity: 455000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Other: 1
See Remarks: 1
Heating
Electric: 1
Cooling
Central Air: 1
Exterior Amenities
Fenced: 1
Curb(s) & Gutter(s): 1
Other (See Remarks): 1
Interior Features
Unfurnished: 1
Other (See Remarks): 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Other: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Books Shwn Accpt Ofr: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Other: 1
Electric
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 900
Avg SqFt: 713
# 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: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Geo Lat: 33.453564
Geo Lon: -112.089776
Status Change Info
Off Market Date: 2020-09-08
Under Contract Date: 2020-09-08
Close of Escrow Date: 2020-10-01
Sold Price: $455,000
Income Expenses
Gross Annual Sch Inc: 43200
Net Operating Income: 27317
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition; Other
Floors: Other
Sale Includes: Land & Building; Other (See Remarks)
Community Features: No Pool; Other; See Remarks
Exterior Amenities: Fenced; Curb(s) & Gutter(s); Other (See Remarks)
Interior Features: Unfurnished; Other (See Remarks)
Appliances Included: Free-Standing Range; Refrigerator; Other
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: On Street; >1 Space Per Unit; Paved; Other
Road Access Type: Alley
Road Surface Type: Asphalt; Concrete
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner; Projected Proforma; Books Shwn Accpt Ofr
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: January - 30 - 2026
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