$885,000
Phoenix, AZ 85003
MLS# 7005611
Status: Closed
1 / 15
Property Description
Appraisal in at $910,000. Market rents are $1,995 per month with $45 per month in RUBS or $73,440 per year gross. Tenants pay electric. Certificate of Occupancy in progress. Located in an Opportunity Zone, this new development in Downtown Phoenix featuring 3 units at 1,139 SF each, 3,417 SF total, with 2 bedroom, 2 bathrooms, and 3 garages. The exterior finish includes synthetic stucco, balconies, covered porches, each unit has a single car garage, and the electric is individually metered. The interior features stainless steel GE appliances, washer/dryer included, quartz counters, shaker cabinets with gold hardware, LVP and tile throughout, energy efficient windows, and LED lighting. This property is located just South of Chase Field with $10,000 in landscaping just installed.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $885,000
Sold Price: $885,000
Status: Closed
List Date: 2026-03-28
Location, Tax & Legal
Assessor's Map #: 17
Legal Description (Abbrev): MONTGOMERY LOTS 13 & 14 BLK 24
Assessor's Parcel #: 19
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114200
Taxes: 758
Legal: MONTGOMERY LOTS 13 & 14 BLK 24
Marketing Name: New Construction
House Number: 410
Compass: W
Street Name: Hadley
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 2519
Country: US
County Code: Maricopa
Subdivision: MONTGOMERY ADD BLKS 23-26 31-34 39-42 47-50
Assessor Number: 112-17-019
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 129 x 50
Flood Zone: No
Total # of Units: 3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Lowell Elementary School
Jr. High School: Lowell Elementary School
High School: Central High School
Year Built: 2026
Zoning: R-4
Legal Info
Range: 3E
Section: 8
Township: 1N
Lot Number: 13
Project Type
Duplex: 1
Tri-Plex: 1
Four Plex: 1
Other Type
House + Rental Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Ins Exp: 1800
Annual Wtr/Swr Exp: 3600
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6158
Other Income: 1620
Vacancy Allowance: 0
Adjusted Gross Inc: 73440
Total Monthly Rental Income: 5985
Pmt & Rate Info
Cap Rate: 7.56
Equity: 889900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Forced Air: 1
Heat Pump: 1
Electric: 1
Individual: 1
Central: 1
2 or More Units: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heat Pump: 1
Individual: 1
2 or More Units: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Sidewalk(s): 1
Patio/Balcony: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Fire Sprinklers: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
<1 Space Per Unit: 1
>1 Space Per Unit: 1
Garage Door Opener: 1
Add'l Parking Avail: 1
Assigned: 1
Attached Garage: 1
Off Street: 1
Electric
APS: 1
Submetered System: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Conventional: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Appraisal: 1
Boundary Survey Avlb: 1
ALTA Survey Availbl: 1
Development Plan Avl: 1
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1995
Avg SqFt: 1139
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Seller Assist - A
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 8890
Seller Concession $/%: $
Remarks Misc
Cross Street: Lincoln and Central
Directions: From I-10 and Central/7th Street, North on Central, West on Buckeye, North on S 4th Avenue to corner of Hadley and 4th Avenue.
Geo Lat: 33.439244
Geo Lon: -112.07974
Status Change Info
Off Market Date: 2026-04-29
Under Contract Date: 2026-04-12
Close of Escrow Date: 2026-05-08
Sold Price: $885,000
Income Expenses
Gross Annual Sch Inc: 71820
Net Operating Income: 67282
Property Features
Project Type: Duplex; Tri-Plex; Four Plex
Other Type: House + Rental Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Sidewalk(s); Patio/Balcony; Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Fire Sprinklers; Mini Blinds
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Forced Air; Individual; Central; Heat Pump; 2 or More Units
Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual; Central Air; 2 or More Units
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Submetered System; Individual Meter
Gas: None
Parking Features: Garage; <1 Space Per Unit; >1 Space Per Unit; Garage Door Opener; Add'l Parking Avail; Assigned; Attached Garage; Off Street
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Special: Owner/Agent
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
Existing 1st Loan: Conventional
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Grayson Real Estate
Last Updated: May - 09 - 2026
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