$531,000
Phoenix, AZ 85040
MLS# 6944368
1 / 6
Property Description
Fantastic investment opportunity! This well-maintained triplex features three spacious 2-bedroom, 1-bath units. All units currently rented. All units have W/D hookups for additional income potential. This property cashflows at today's rates. 1 unit has been updated, and each unit has kitchens equipped with essential appliances and open floorplan to living rooms. Exterior painting as well has been updated in the last 2 years. Conveniently located near freeways, shopping, and dining. Ample parking with a convenient layout. The area is growing. Don't miss out!!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $531,000
List Price: $531,000
Status: Active
List Date: 2025-11-06
Location, Tax & Legal
Assessor's Map #: 61
Legal Description (Abbrev): WIER ESTATES MCR 35-43 E2 LOT 8
Assessor's Parcel #: 11
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 116100
Taxes: 766
Legal: WIER ESTATES MCR 35-43 E2 LOT 8
Marketing Name: Triplex
House Number: 2903
Compass: E
Street Name: WIER
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 0755
County Code: Maricopa
Subdivision: WIER ESTATES LOTS 11-32, 53-74
Assessor Number: 122-61-011-A
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 5
Lot Size Dimensions: IRR
Flood Zone: TBD
Total # of Units: 3
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Percy L Julian School
Jr. High School: Percy L Julian School
High School: South Mountain High School
Year Built: 1984
Zoning: R-3
Legal Info
Range: 3E
Section: 26
Township: 1N
Lot Number: 8
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 1054
Annual Landscape Exp: 480
Annual Wtr/Swr Exp: 160
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2460
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 41800
Pmt & Rate Info
Cap Rate: 7.14
Equity: 524000
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
Supra: 1
See Private Remarks: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Evaporative Cooling: 1
Exterior Amenities
Curb(s) & Gutter(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Unknown: 1
Water Source
City Franchise: 1
Sewer
Sewer-In & Connected: 1
Parking Features
Free: 1
1 Space/Unit: 1
Paved: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Conventional: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1225
Avg SqFt: 720
# Baths: 1
3 Bedrooms Units
Avg Rent: 1225
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 32nd St & Broadway Rd
Directions: South on 32nd St, right on Wier Ave. Property is on the left.
Geo Lat: 33.403081
Geo Lon: -112.017966
Income Expenses
Gross Annual Sch Inc: 44000
Net Operating Income: 37404
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Curb(s) & Gutter(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup
Cooling: Ceiling Fan(s); Evaporative Cooling
Water Source: City Franchise
Sewer: Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking Features: 1 Space/Unit; Free; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Unknown
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra; See Private Remarks
Existing 1st Loan: Conventional
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: February - 06 - 2026
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