$750,000
Phoenix, AZ 85007
MLS# 6629221
Status: Closed
1 / 69
Property Description
4 Units, Garden-Style Property, Built in 1916 & 1985, Renovated in 2023. Unit Mix Consists of (1) 3-Bed / 2- Bath Casita, (2) 2-Bed / 1-Bath Units, & (1) 1-Bed / 1-Bath Unit. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliances, & In-Suite Washer / Dryer. Exterior Upgrades Include Coated Roof, New Windows & Private Backyard Areas. Located in Vibrant Growing Art District. Close Proximity to Numerous Dining & Entertainment Options in Downtown Phoenix & Grand Avenue Arts District.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $750,000
Sold Price: $750,000
Status: Closed
List Date: 2023-11-10
Location, Tax & Legal
Assessor's Map #: 25
Legal Description (Abbrev): LOT 10 BLOCK A WEST LAWN MCR 000363
Assessor's Parcel #: 151
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 112900
Taxes: 926
Legal: LOT 10 BLOCK A WEST LAWN MCR 000363
Marketing Name: 1538 West Fillmore Street
House Number: 1538
Compass: W
Street Name: FILLMORE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2257
County Code: Maricopa
Subdivision: WEST LAWN
Assessor Number: 111-25-151
Tax Year: 2023
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 6125
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1985
Zoning: R-5
Legal Info
Range: 3E
Section: 6
Township: 1N
Block: A
Lot Number: 10
Project Type
Four Plex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 926
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 82008
Pmt & Rate Info
Cap Rate: 7.17
Equity: 850000
Down Payment %: 30
Monthly Payments: 4106
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Other: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Patio/Balcony: 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Range: 1
Road Surface Type
Asphalt: 1
Dirt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Electric
Other (See Remarks): 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 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: 1480
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1614
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 2260
Avg SqFt: 1100
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Buyer - B
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 2
Seller Concession $/%: %
Remarks Misc
Geo Lat: 33.455244
Geo Lon: -112.092948
Status Change Info
Off Market Date: 2023-12-31
Under Contract Date: 2023-12-08
Close of Escrow Date: 2023-12-30
Sold Price: $750,000
Income Expenses
Gross Annual Sch Inc: 82008
Net Operating Income: 60972
Property Features
Project Type: Four Plex
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony
Appliances Included: Built-In Range
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: SW Gas
Parking Features: On Street; >1 Space Per Unit
Road Surface Type: Dirt; Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Other
New Financing: VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: ABI Multifamily
Last Updated: May - 13 - 2025
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