$650,000
Phoenix, AZ 85006
MLS# 6327973
Status: Closed
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Property Description
**Please Do Not Disturb Tenants.** Rare find! Three detached homes on one lot! Centrally located near Freeway access, Sky Harbor Airport, Downtown Phoenix, grocery stores & dining. Unit 1 is the front house & has been completely remodeled! NEW FLOORING, CABINETS, APPLIANCES, COUNTERTOPS, PAINT, WINDOWS, CEILING FANS, THE LIST GOES ON! It features 2 bedrooms & 1 bathroom, family room, dining room & a private fenced back yard. Unit 2 has also been remodeled & features 2 bedrooms, 1 bathroom, BONUS ROOM, fireplace & yard. Unit 3 features 1 bedroom & 1 bathroom which has been recently updated with new flooring. Front house could work great for an owner occupied home and continue renting the back two units for extra cash flow. Front house currently on month to month lease.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $650,000
Sold Price: $650,000
Status: Closed
List Date: 2021-12-03
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): LOT 9 BLOCK 1 VEL RU HEIGHTS MCR 001935
Assessor's Parcel #: 9
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111601
Taxes: 1364
Legal: LOT 9 BLOCK 1 VEL RU HEIGHTS MCR 001935
Marketing Name: none
Map Code/Grid: P35
House Number: 2214
Compass: N
Street Name: 23RD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 2092
County Code: Maricopa
Subdivision: VEL RU HEIGHTS
Assessor Number: 117-09-009
Tax Year: 2020
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 3
Lot Size Dimensions: x
Total # of Units: 3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Year Built: 1935
Zoning: R1-6
Legal Info
Range: 3E
Section: 34
Township: 2N
Block: 1
Lot Number: 9
Project Type
Other (See Remarks): 1
Other Type
House + Rental Units: 1
Construction
Wood Frame: 1
Other: 1
Const - Finish
Painted: 1
Stucco: 1
Stone: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 1703
Annual Wtr/Swr Exp: 1690
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4757
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 31800
Total Monthly Rental Income: 1550
Pmt & Rate Info
Cap Rate: 4.04
Down Payment: 0
Equity: 670000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Unknown: 1
Water Source
City Franchise: 1
Submetered System: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
On Street: 1
<1 Space Per Unit: 1
Other: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
No Carry: 1
1031 Exchange: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 1
Avg Rent: 1300
Avg SqFt: 960
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 900
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 914
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Seller Assist - A
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 1
Seller Concession $/%: %
Remarks Misc
Cross Street: 24th St & Thomas
Directions: South on 24th St to Oak St, west on Oak 2 blocks to 23rd St, south to property which will be on the
west.
Geo Lat: 33.471925
Geo Lon: -112.032756
Status Change Info
Off Market Date: 2023-03-01
Under Contract Date: 2023-01-19
Close of Escrow Date: 2023-03-01
Sold Price: $650,000
Income Expenses
Gross Annual Sch Inc: 31800
Net Operating Income: 27043
Property Features
Project Type: Other (See Remarks)
Other Type: House + Rental Units
Construction: Wood Frame; Other
Const - Finish: Painted; Stucco; Stone
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise; Submetered System
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: On Street; <1 Space Per Unit; Free; Other
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Unknown
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; No Carry; 1031 Exchange; Other (See Remarks)
Environmental: None
Listing Office: Keller Williams Realty Sonoran Living
Last Updated: December - 29 - 2025
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