$1,174,900
Phoenix, AZ 85021
MLS# 6937481
1 / 29
Property Description
Beautifully updated 8-unit complex in a strong North Phoenix rental area. Each unit has been renovated with modern finishes and new appliances, offering reliable Section 8 tenants in place for consistent cash flow. The property features a shared laundry with coin operated washer/dryers, onsite gas, six shared water heaters AND 3 potential SELF STORAGE spaces for additional income! Units 1-4 enjoy access to a shared green space, and every unit includes a private patio and/or yard area, good amenities that enhance tenant appeal and retention. The owner also maintains an onsite storage area for maintenance supplies. Drive by only—please DO NOT DISTURB TENANTS.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,174,900
List Price: $1,174,900
Status: Active
List Date: 2025-10-22
Location, Tax & Legal
Assessor's Map #: 21
Legal Description (Abbrev): LOT 19 IDLE EASE MCR 003320
Assessor's Parcel #: 82
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104501
Taxes: 1164
Legal: LOT 19 IDLE EASE MCR 003320
Marketing Name: 8 on Vogel
House Number: 1802
Compass: W
Street Name: VOGEL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 0914
County Code: Maricopa
Subdivision: IDLE EASE
Assessor Number: 158-21-082
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 0
Flood Zone: No
Total # of Units: 8
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
High School: Sunnyslope High School
Year Built: 1962
Zoning: multifam
Legal Info
Range: 3E
Section: 30
Township: 3N
Block: 1
Lot Number: 19
Project Type
5 - 12 Units: 1
Construction
Block: 1
Wood Frame: 1
Brick: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Building(s) Only: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 10000
Annual Gas Exp: 750
Annual Ins Exp: 3200
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Maint Exp: 2500
Annual Mgmt Exp: 18000
Annual Trash Exp: 1200
Annual Wtr/Swr Exp: 1000
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 37814
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 98256.6
Pmt & Rate Info
Cap Rate: 5.72
Equity: 1199900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Tenant Pays
Cable TV: 1
Other (See Remarks): 1
Appliances Included
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Detached Garage: 1
Garage: 1
Carport: 1
>1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
RV Access/Parking: 1
Attached Carport: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Cash to Loan: 1
Conventional: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1340
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1924
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 2863
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 19th Ave and Dunlap
Directions: Go north on 19th av, turn right on Vogel, property will be on the left
Geo Lat: 33.573916
Geo Lon: -112.097724
Income Expenses
Gross Annual Sch Inc: 103428
Net Operating Income: 68623
Property Features
Project Type: 5 - 12 Units
Construction: Block; Wood Frame; Brick
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Building(s) Only; Laundry Equipment
Community Features: No Pool
Appliances Included: Built-In Range; Refrigerator; Microwave; Washer/Dryer
Heating: Heat Pump
Cooling: Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Garage; Carport; >1 Space Per Unit; Detached Garage; Add'l Parking Avail; RV Access/Parking; Paved; Attached Carport
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping
Tenant Pays: Cable TV; Other (See Remarks)
Source of Fincl Data: Owner; Projected Proforma
Special: Owner/Agent
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Cash to Loan; Conventional; 1031 Exchange
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: December - 18 - 2025
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