$425,000
Phoenix, AZ 85006
MLS# 6962050
1 / 1
Property Description
A property that offers more than just a place to live, it creates tremendous opportunity from the start. Set in a highly accessible central Phoenix location, this home features multiple living spaces designed for flexibility and long-term value. The main residence offers 3 bedrooms, 2 bathrooms and ~1,360 sq ft, plus a separate studio around 320 sq ft. An attached casita in the backyard features 1 bed/1 bath with ~ 600 sq ft. Estimated rents are $2,200 per month for the main house, $1,000 for the casita, and $700 for the studio, producing a strong nearly 1% rent to price ratio. Main house is currently leased through August 2026, studio is month to month, and casita is vacant. Great location minutes from Phoenix Children's Hospital, downtown Phoenix, Sky Harbor Airport, and freeway access.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $425,000
List Price: $425,000
Status: Active
List Date: 2025-12-31
Location, Tax & Legal
Assessor's Map #: 8
Legal Description (Abbrev): GREENFIELD GARDENS
Assessor's Parcel #: 131
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111601
Taxes: 2029
Legal: Greenfield Gardens
Marketing Name: Greenfield Gardens
House Number: 2302
Compass: E
Street Name: Yale
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1535
County Code: Maricopa
Subdivision: Greenfield Gardens Blocks 1 thru 5
Assessor Number: 117-08-131
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 7,410
Flood Zone: No
Total # of Units: 3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: William T Machan Elementary School
Jr. High School: William T Machan Elementary School
High School: Camelback High School
Year Built: 1941
Zoning: R1-6
Legal Info
Range: 3E
Section: 34
Township: 2N
Lot Number: 22
Project Type
Other (See Remarks): 1
Other Type
House + Rental Units: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2029
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 3705
Pmt & Rate Info
Cap Rate: 0.87
Equity: 425000
Down Payment %: 20
Monthly Payments: 2500
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Community Features
See Remarks: 1
Heating
Natural Gas: 1
Window/Wall Unit(s): 1
Cooling
Central Air: 1
Window/Wall Unit: 1
Tenant Pays
Cable TV: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
On Street: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 1
Avg Rent: 700
Avg SqFt: 320
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1000
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 2200
Avg SqFt: 1360
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 24th St and Thomas
Directions: From 24th St turn west on Yale St to the property.
Geo Lat: 33.476017
Geo Lon: -112.032226
Income Expenses
Gross Annual Sch Inc: 3900
Net Operating Income: 3705
Property Features
Project Type: Other (See Remarks)
Other Type: House + Rental Units
Construction: Block; Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Tile
Sale Includes: Other (See Remarks)
Community Features: See Remarks
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Washer/Dryer
Heating: Natural Gas; Window/Wall Unit(s)
Cooling: Window/Wall Unit; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; On Street
Road Surface Type: Concrete
Road Responsibility: City Maintained Road
Owner Pays: Water; Electric; Gas; Trash Collection
Tenant Pays: Cable TV
Source of Fincl Data: Owner
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Keller Williams Arizona Realty
Last Updated: January - 21 - 2026
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