$1,050,000
Phoenix, AZ 85020
MLS# 6942839
1 / 11
Property Description
Brand New Construction... each unit is over 1600 sqft with 3 beds, 2 baths with a 1 bed 1 bath casita or easily have 6 units bringing over 7200/mo. in gross rents. this property can be either a 4,5 or 6 unit building depending on needs.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,050,000
List Price: $1,050,000
Status: Active
List Date: 2025-11-04
Location, Tax & Legal
Assessor's Map #: 37
Legal Description (Abbrev): LOT 14 TENGEN PLACE MCR 002040
Assessor's Parcel #: 73
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104701
Taxes: 418
Legal: LOT 14 TENGEN PLACE MCR 002040
Marketing Name: Tengen Place
House Number: 732
Compass: E
Street Name: CAROL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 2112
County Code: Maricopa
Subdivision: TENGEN PLACE
Assessor Number: 159-37-073
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 75x145
Flood Zone: No
Total # of Units: 4
High School District: Glendale Union High School District
Year Built: 2025
Zoning: R-3
Legal Info
Range: 3E
Section: 28
Township: 3N
Lot Number: 14
Project Type
Duplex: 1
Tri-Plex: 1
Four Plex: 1
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Laminate: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 418
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 82080
Pmt & Rate Info
Cap Rate: 7.04
Equity: 1050000
Down Payment %: 20
Monthly Payments: 5144
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Phone Call: 1
Lockbox Type
Supra: 1
Community Features
Barbecue: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
2 or More Units: 1
Exterior Amenities
Partially Fenced: 1
Tenant Pays
Cable TV: 1
Appliances Included
Built-In Gas Oven: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per 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
FHA: 1
Reports/Disclosures
Appraisal: 1
Development Plan Avl: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1150
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1850
Avg SqFt: 1200
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 7th street and carol ave
Directions: east to house
Geo Lat: 33.572549
Geo Lon: -112.063831
Income Expenses
Gross Annual Sch Inc: 86400
Net Operating Income: 73872
Property Features
Project Type: Duplex; Tri-Plex; Four Plex; 5 - 12 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Laminate
Sale Includes: Land & Building
Community Features: Barbecue
Exterior Amenities: Partially Fenced
Appliances Included: Built-In Gas Oven; Refrigerator; Disposal; Microwave; Washer/Dryer
Heating: Heat Pump
Cooling: Heat Pump; 2 or More Units
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping
Tenant Pays: Cable TV
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Phone Call
Lockbox Type: Supra
New Financing: Cash; FHA; Conventional
Environmental: None
Listing Office: Your Home Sold Guaranteed Realty
Last Updated: December - 16 - 2025
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