$593,000
Phoenix, AZ 85007
MLS# 6430382
Status: Closed
1 / 32
Property Description
**One-of-a-kind fourplex in Woodland Historic District!** The front home is single-level and includes two units; both two bedroom / one bathroom. The back stacked home includes two units; both one bedroom / one bathroom. All four residences are unique in layout and style, and each feature various updates while maintaining the integrity of their distinctive historic presence. Unit A & B are both currently occupied by long-term tenants, and Unit D & E are vacant and ready for move-in. Unit C is a shared laundry. Additional 1100sf space above front home which could potentially be converted into a 5th unit! Huge potential for rental income increase; see private remarks for full details on improvements as well as income opportunity! **Two units available to view, and Matterport for all four.**
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $593,000
Sold Price: $593,000
Status: Closed
List Date: 2022-07-07
Location, Tax & Legal
Assessor's Map #: 3
Legal Description (Abbrev): LOT 2 BLOCK B WOODLAND PLACE MCR 000229
Assessor's Parcel #: 73
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114301
Taxes: 2422
Legal: LOT 2 BLOCK B WOODLAND PLACE MCR 000229
Marketing Name: None
Map Code/Grid: Q34
House Number: 1305
Compass: W
Street Name: MONROE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2724
County Code: Maricopa
Subdivision: WOODLAND PLACE
Assessor Number: 112-03-073
Tax Year: 2021
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 125.47 x 49.95
Flood Zone: No
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1926
Zoning: R-5
Legal Info
Range: 3E
Section: 7
Township: 1N
Block: B
Lot Number: 2
Project Type
Four Plex: 1
Construction
Brick: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Concrete: 1
Wood: 1
Sale Includes
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2422
Other Income: 0
Vacancy Allowance: 0.5
Adjusted Gross Inc: 26700
Pmt & Rate Info
Cap Rate: 5.93
Equity: 899999
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Community Features
No Pool: 1
See Remarks: 1
Heating
Heat Pump: 1
2 or More Units: 1
Cooling
Electric: 1
Heat Pump: 1
Individual: 1
Exterior Amenities
Other (See Remarks): 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Free-Standing Range: 1
Refrigerator: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Washer/Dryer: 1
Other: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
Electric
APS: 1
Gas
SW Gas: 1
Master Meter: 1
Owner Pays
Landscaping: 1
New Financing
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Other (See Remarks): 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1100
Avg SqFt: 512
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1350
Avg SqFt: 665
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: FHA
Loan Years: 30
Closing Cost Split: Seller Assist - A
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 15000
Seller Concession $/%: $
Remarks Misc
Cross Street: 15 Avenue & Van Buren
Directions: South on 15th Ave from Van Buren, East on Monroe, property is on your right just before 13th Ave.
Geo Lat: 33.449903
Geo Lon: -112.08965
Status Change Info
Off Market Date: 2022-10-14
Under Contract Date: 2022-08-02
Close of Escrow Date: 2022-10-21
Sold Price: $593,000
Income Expenses
Gross Annual Sch Inc: 53400
Net Operating Income: 53400
Property Features
Project Type: Four Plex
Construction: Brick
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Concrete; Wood
Sale Includes: Other (See Remarks)
Community Features: No Pool; See Remarks
Exterior Amenities: Other (See Remarks)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; Other
Heating: Heat Pump; 2 or More Units
Cooling: Electric; Heat Pump; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas; Master Meter
Parking Features: On Street
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Owner
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office: Brokers Hub Realty, LLC
Last Updated: April - 16 - 2025
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