$124,500
Phoenix, AZ 85008
MLS# 5037199
Status: Closed
1 / 32
Property Description
Each unit is currently rented. Homes have been updated and include all appliances. In additional to the units there is a large parking area, or room to build additional units.
Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $124,500
Sold Price: $124,500
Status: Closed
List Date: 2013-12-02
Location, Tax & Legal
Assessor's Map #: 74
Legal Description (Abbrev): MORRISON TRACT LOTS 12-19
Assessor's Parcel #: 125
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113501
Taxes: 494
Legal: MORRISON TRACT PER MCR 13-4 LOT 8 N2 EX E 164F EX W 30F RD P/D
Marketing Name: unknown
Map Code/Grid: P35
House Number: 1327
Compass: N
Street Name: 28TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 4749
County Code: Maricopa
Assessor Number: 121-74-125-B
Tax Year: 2013
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 7927
Total # of Units: 3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Creighton Elementary School
Jr. High School: Creighton Elementary School
Year Built: 1946
Legal Info
Range: 3E
Section: 2
Township: 1N
Lot Number: 8
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Metal: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1000
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 2000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 23400
Total Monthly Rental Income: 1700
Pmt & Rate Info
Cap Rate: 16.58
Down Payment: 0
Equity: 120000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Central: 1
2 or More Units: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Partially Fenced: 1
RV/Boat Parking: 1
Curb(s) & Gutter(s): 1
Satellite Dish: 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
W/D Hookup: 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
>1 Space Per Unit: 1
RV Access/Parking: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
New Financing
Conventional: 1
Special
Court Approval Required: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 750
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: VA
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: McDowell & 32nd. St
Directions: From McDowell Rd, South on 28th Street. Property is on the left.
Geo Lat: 33.463681
Geo Lon: -112.021301
Status Change Info
Off Market Date: 2014-05-02
Under Contract Date: 2013-12-19
Close of Escrow Date: 2014-05-06
Sold Price: $124,500
Income Expenses
Gross Annual Sch Inc: 23400
Net Operating Income: 19893
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Stucco
Roofing: Composition; Metal
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Partially Fenced; RV/Boat Parking; Curb(s) & Gutter(s); Satellite Dish; Sidewalk(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Washer/Dryer; W/D Hookup
Heating: Central; Heat Pump; 2 or More Units
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; RV Access/Parking
Road Surface Type: Asphalt
Owner Pays: Water
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Special: Court Approval Required
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
size of units 
Listing Office: Keller Williams, Professional Partners
Last Updated: December - 17 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.