$490,000
Phoenix, AZ 85014
MLS# 6957288
1 / 17
Property Description
Income-producing property in central Phoenix featuring a 744 SF 2BR/1BA single-family home plus two attached 322 SF studio apartments, all on one parcel. Units are occupied, delivering steady in-place cash flow. Owner's financials reflect a 6.17% cap rate at the list price based on existing rents and expenses. Both studios include kitchenettes and share an attached laundry room. Situated on a 7,000 SF lot with R1-6 zoning and unassigned tenant parking. A rare opportunity to acquire a stabilized multi-unit configuration in a strong rental corridor near the VA Hospital, restaurants, and shopping. This is an owner/agent sale.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $490,000
List Price: $490,000
Status: Active
List Date: 2025-12-12
Location, Tax & Legal
Assessor's Map #: 5
Legal Description (Abbrev): STACY TRACT MCR 46/9 LOT 21 BLK 3 TOG WI E2 ABAND ALLEY ADJN W LN AS ABAND P/F 95-130414
Assessor's Parcel #: 59
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 110600
Taxes: 772
Legal: STACY TRACT MCR 46/9 LOT 21 BLK 3 TOG WI E2 ABAND ALLEY ADJN W LN AS ABAND P/F 95-130414
Marketing Name: Unknown
House Number: 3810
Compass: N
Street Name: 9TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 5116
County Code: Maricopa
Subdivision: STACY TRACT
Assessor Number: 118-05-059-A
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 7000 square feet
Total # of Units: 3
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Year Built: 1946
Zoning: R1-6
Legal Info
Range: 3E
Section: 28
Township: 2N
Lot Number: 21
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 3677
Annual Ins Exp: 1293
Annual Mgmt Exp: 2705
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 8447
Other Income: 0
Vacancy Allowance: 0.04
Adjusted Gross Inc: 38707.2
Total Monthly Rental Income: 3360
Pmt & Rate Info
Cap Rate: 6.17
Equity: 490000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Other: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Other: 1
Sewer
Sewer - Public: 1
Parking Features
Other: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 2
Avg Rent: 982
Avg SqFt: 322
# Baths: 1
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1395
Avg SqFt: 744
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 7th St and Indian School
Geo Lat: 33.491461
Geo Lon: -112.061862
Income Expenses
Gross Annual Sch Inc: 40320
Net Operating Income: 30219
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Tile
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Features: No Pool
Appliances Included: Built-In Range; Washer/Dryer
Cooling: Ceiling Fan(s); Electric; Other
Water Source: Other
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Other
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Trash Collection
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner
Special: Owner/Agent
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Realty ONE Group
Last Updated: January - 21 - 2026
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Broker Attribution:
602.463.1730