Prime Downtown Phoenix 7-Units
7.5% Cap Rate. Offered at $139,928 per unit, this investment generates an estimated annual gross income of $99,600. Tenants are all month to month. Strong in-place returns in a high-demand rental market. Seller may carry the note with half down, IO Payments for 5 years.
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Listing Snapshot
Price
$979,500
Days On Site
34 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1935
MLS® Number
6893837
Status
Active
Property Tax
$853
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
yesterday
Listing updated with changes from the MLS®
yesterday
Price changed to $979,500
a month ago
Listing first seen on site
General Features
Cross Street
Jefferson St & 20th Ave
Disclosures
None
Parking Spaces
7
Property Sub Type
Multi Family
Sewer
Public Sewer
Water Source
Public
Zoning
R-3
Interior Features
Appliances
RefrigeratorBuilt-In Electric OvenWasher/Dryer
Cooling
Other
Flooring
Vinyl
Heating
Other
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Exterior Features
Construction Details
See Remarks
Roof
Composition
Community Features
Financing Terms Available
Owner May CarryConventional1031 Exchange
Roads
Asphalt
School District
Phoenix Union High School District
Township
1N
Schools
School District
Phoenix Union High School District
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Compass.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2025-08-21 04:39 AM UTC
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