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$1,050,000
712 E PIERCE Street
Phoenix, AZ 85006
MLS# 6964606

2-custom-712 E Pierce St-2
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2-custom-712 E Pierce St-2 3-custom-712 E Pierce St-3 4-custom-712 E Pierce St-4 5-custom-712 E Pierce St-5 6-custom-712 E Pierce St-6 7-custom-712 E Pierce St-7 8-custom-712 E Pierce St-8 9-custom-712 E Pierce St-9 10-custom-712 E Pierce St-10 11-custom-712 E Pierce St-11 12-custom-712 E Pierce St-12 13-custom-712 E Pierce St-13 14-custom-712 E Pierce St-14 15-custom-712 E Pierce St-15 16-custom-712 E Pierce St-16 17-custom-712 E Pierce St-17 18-custom-712 E Pierce St-18 19-custom-712 E Pierce St-19 20-custom-712 E Pierce St-20 21-custom-712 E Pierce St-21 22-custom-712 E Pierce St-22 23-custom-712 E Pierce St-23 24-custom-712 E Pierce St-24 25-custom-712 E Pierce St-25 26-custom-712 E Pierce St-26 27-custom-712 E Pierce St-27 28-custom-712 E Pierce St-28 29-custom-712 E Pierce St-29 30-custom-712 E Pierce St-30 31-custom-712 E Pierce St-31 32-custom-712 E Pierce St-32 33-custom-712 E Pierce St-33 34-custom-712 E Pierce St-34 35-custom-712 E Pierce St-35 36-custom-712 E Pierce St-36 37-custom-712 E Pierce St-37 38-custom-712 E Pierce St-38 39-custom-712 E Pierce St-39 40-custom-712 E Pierce St-40

Property Description
This five-unit historic garden-style property includes three buildings on one parcel, built in 1931. The unit mix suits both long- and short-term rentals, featuring one two-story 2-bed/2-bath unit, two 2-bed/1-bath units, and two 1-bed/1-bath units. Each fully furnished unit has a proven track record as a short- and mid-term rental. Interiors are lightly updated with wood and tile flooring, refreshed kitchens, and bathrooms. On-site amenities include a community laundry room, dedicated parking, and private patios for select units. Individually metered for electricity, the property offers tenant convenience and expense control. Located in the Garfield Historic District, just blocks from Roosevelt Row, ASU Downtown, Chase Field, and Footprint Center.

Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,050,000
List Price: $1,050,000
Status: Active
List Date: 2026-01-07
Location, Tax & Legal
Assessor's Map #: 32
Legal Description (Abbrev): LOT 5 CHURCHILL ANNEX MCR
Assessor's Parcel #: 5
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113202
Taxes: 1880
Legal: LOT 5 CHURCHILL ANNEX MCR
Marketing Name: 712 E Pierce St
House Number: 712
Compass: E
Street Name: PIERCE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 4009
County Code: Maricopa
Subdivision: CHURCHILL ANNEX
Assessor Number: 116-32-005
Tax Year: 2025
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 8, 985
Total # of Units: 5
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1931
Zoning: R-5
Legal Info
Range: 3E
Section: 4
Township: 1N
Lot Number: 5
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Tile: 1
Foam: 1
Floors
Vinyl: 1
Wood: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1880
Other Income: 0
Vacancy Allowance: 0.07
Adjusted Gross Inc: 78154.41
Pmt & Rate Info
Cap Rate: 5.85
Equity: 1050000
Down Payment %: 35
Monthly Payments: 4313
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Other: 1
Community Features
No Pool: 1
Heating
Electric: 1
Central: 1
Cooling
Central Air: 1
Electric: 1
Window/Wall Unit: 1
Exterior Amenities
Patio/Balcony: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Built-In Range: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Projected Proforma: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
1 Space/Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 0
Avg SqFt: 505
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 0
Avg SqFt: 863
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.456162
Geo Lon: -112.064526
Income Expenses
Gross Annual Sch Inc: 84037
Net Operating Income: 61399
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Tile; Foam
Floors: Vinyl; Wood; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Patio/Balcony
Appliances Included: Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Washer/Dryer
Heating: Central
Cooling: Electric; Window/Wall Unit; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; 1 Space/Unit
Road Surface Type: Concrete
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Projected Proforma; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Other
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
IDX
Listing Office: ABI Multifamily

Last Updated: January - 07 - 2026

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