$435,000
Phoenix, AZ 85040
MLS# 6951187
1 / 20
Property Description
Discover an exceptional value-add multifamily opportunity at Three on Pueblo, a well-located triplex just minutes from Downtown Phoenix, major employment hubs, and key freeway connections. This property features two spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, offering a strong foundation for rental growth in one of Phoenix's most active investment corridors. Property Highlights Unit Mix: • (2) Two-Bed / One-Bath Units • (1) One-Bed / One-Bath Unit Current Rents (Significantly Under Market • $900 (2BR) • $850 (2BR) • $725 (1BR) Market Rent Potential: • 1BR: $1,050+ • 2BR: $1,150-$1,195+ Immediate Value-Add: With rents well below market, investors can quickly improve cash flow and property value. Drive by only all facts and figures are approximate buyer verify
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $435,000
List Price: $435,000
Status: Active
List Date: 2025-11-24
Location, Tax & Legal
Assessor's Map #: 38
Legal Description (Abbrev): BELMONT PARK
Assessor's Parcel #: 97
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 115300
Taxes: 866
Legal: BELMONT PARK
Marketing Name: Three at Pueblo
House Number: 1815
Compass: E
Street Name: PUEBLO
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1474
County Code: Maricopa
Subdivision: BELMONT PARK BLKS 2 4 6
Assessor Number: 122-38-097
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: IRR
Total # of Units: 3
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Bernard Black Elementary School
Jr. High School: Cesar E Chavez Community School
High School: Cesar Chavez High School
Year Built: 1986
Zoning: 35
Legal Info
Range: 3E
Section: 22
Township: 1N
Lot Number: 7
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 2400
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 600
Annual Maint Exp: 2000
Annual Mgmt Exp: 2064
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1800
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 10930
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 39216
Total Monthly Rental Income: 3440
Pmt & Rate Info
Cap Rate: 6.5
Down Payment: 0
Equity: 435000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Evaporative Cooling: 1
2 or More Units: 1
Exterior Amenities
Green Landscaping: 1
Desert Landscaping: 1
Fenced: 1
Satellite Dish: 1
Cable TV Available: 1
Sidewalk(s): 1
Interior Features
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
Alley: 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
Paved: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 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: 0
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 0
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 18th Street & Broadway
Geo Lat: 33.407457
Geo Lon: -112.042536
Income Expenses
Gross Annual Sch Inc: 41280
Net Operating Income: 28286
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property
Community Features: No Pool
Exterior Amenities: Green Landscaping; Desert Landscaping; Fenced; Satellite Dish; Cable TV Available; Sidewalk(s)
Interior Features: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator
Cooling: Evaporative Cooling; 2 or More Units
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit; Paved
Road Access Type: Alley
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
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: Cash; VA; FHA; Conventional
Environmental: None
Supplements
information per MLS and other information
Listing Office: Grace CRE
Last Updated: December - 22 - 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.