$365,000
Phoenix, AZ 85007
MLS# 6959186
1 / 15
Property Description
Welcome to 1748 W Sherman St, a well-located multi-family property in the heart of Phoenix's desirable Central City neighborhood. Built in 2008, this duplex offers solid rental income potential with two spacious units featuring 3 bedrooms and 1 bathroom each. Nestled on a generous 6,780 sq ft lot. Both units include functional interiors with ceramic tile and vinyl flooring and essential appliances. Tenants pays electric. Don't miss this fantastic investment!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $365,000
List Price: $365,000
Status: Active
List Date: 2025-12-18
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): LOT 156 WISE ADD MCR 000527
Assessor's Parcel #: 158
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 114302
Taxes: 949.3
Legal: LOT 156 WISE ADD MCR
Marketing Name: WISE ADD
House Number: 1748
Compass: W
Street Name: SHERMAN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 3341
County Code: Maricopa
Subdivision: WISE ADD
Assessor Number: 112-09-158
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 50x142
Total # of Units: 2
Year Built: 2008
Zoning: MULTI
Legal Info
Range: 3E
Section: 7
Township: 1N
Lot Number: 156
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 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: 0
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: 3360
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 3360
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 36000
Pmt & Rate Info
Cap Rate: 4.95
Down Payment: 0
Equity: 365000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Microwave: 1
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
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
On Street: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
See Remarks: 1
New Financing
Cash: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 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
None: 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
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1500
Avg SqFt: 830
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 19TH AVE & JEFFERSON
Directions: From Downtown Phoenix, head west on W Washington St. Continue west for approximately 1.4 miles. Turn right (north) on N 19th Ave and continue for about 0.4 miles. Turn left (west) on W Sherman St. Property will be on the left.
Geo Lat: 33.441428
Geo Lon: -112.099195
Income Expenses
Gross Annual Sch Inc: 36000
Net Operating Income: 18050
Property Features
Project Type: Duplex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Carport; On Street
Road Surface Type: Asphalt
Owner Pays: Water; See Remarks
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
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: Cash; No Carry
Environmental: None
Listing Office: W and Partners, LLC
Last Updated: December - 18 - 2025
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