620 W APACHE Street, Phoenix, AZ 85003 (MLS# 6597973)

$650,000

620 W APACHE Street
Phoenix, AZ 85003
MLS# 6597973
Status: Closed

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Property Description
The fourplex is all 2 bd/ 1ba units with dryer/washer hook-up. All the units are rented at an average of $1000/month. Great opportunity to own and manage these units in the heart of Phoenix downtown!

Details

Maps

Contract Info

Ownership: Fee Simple

Current Price: $650,000

Sold Price: $650,000

Status: Closed

List Date: 2023-08-28

Location, Tax & Legal

Assessor's Map #: 37

Legal Description (Abbrev): LOT 20 BLOCK 6 SAGUARO TRACT MCR 002707

Assessor's Parcel #: 139

Add'l Parcels: Yes

Tax Municipality: Phoenix

Census Tract: 114900

Taxes: 1205

Legal: LOT 20 BLOCK 6 SAGUARO TRACT MCR 002707

Marketing Name: Apache Fourplexes

House Number: 620

Compass: W

Street Name: APACHE

St Suffix: Street

City/Town Code: Phoenix

State/Province: AZ

Zip Code: 85003

Zip4: 2700

County Code: Maricopa

Subdivision: SAGUARO TRACT

Assessor Number: 112-37-139

Tax Year: 2022

General Property Description

# of Buildings: 2

Uncvrd Parking Spcs: 8

Lot Size Dimensions: IRR

Total # of Units: 4

Elementary School District: Phoenix Elementary District

High School District: Phoenix Union High School District

Elementary School: Silvestre S Herrera School

Jr. High School: Silvestre S Herrera School

High School: Central High School

Year Built: 1983

Zoning: Multi

Legal Info

Range: 3E

Section: 17

Township: 1N

Block: 6

Lot Number: 20

Project Type

Four Plex: 1

5 - 12 Units: 1

Other Type

Packaged Offering: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1

Stucco: 1

Siding: 1

Roofing

Composition: 1

Floors

Ceramic Tile: 1

Sale Includes

Land & Building: 1

Personal Property: 1

Income & Expenses

Annual Elec Exp: 0

Annual Gas Exp: 0

Annual Ins Exp: 2000

Annual Land Lse Exp: 0

Annual Landscape Exp: 1000

Annual Legal & Acctg: 0

Annual Maint Exp: 3000

Annual Mgmt Exp: 0

Annual Trash Exp: 2000

Annual Wtr/Swr Exp: 4250

Owner Association: No

Annual Ownr Asoc Fee: 0

Annual PAD Fee: 0

Annual Rplcmnt Rsrvs: 0

Annual Other Expense: 0

Operating Exp: 13455

Other Income: 0

Vacancy Allowance: 0

Adjusted Gross Inc: 51600

Total Monthly Rental Income: 4000

Pmt & Rate Info

Cap Rate: 6.91

Down Payment: 0

Equity: 680000

Down Payment %: 0

Monthly Payments: 0

Total Owed: 0

Assessment Balance: 0

Community Features

No Pool: 1

Heating

Heat Pump: 1

Electric: 1

Individual: 1

Cooling

Electric: 1

Individual: 1

Exterior Amenities

Desert Landscaping: 1

Fenced: 1

Cable TV Available: 1

Patio/Balcony: 1

Interior Features

Unfurnished: 1

Tenant Pays

Electricity: 1

Appliances Included

Refrigerator: 1

Free-Standing Range: 1

W/D Hookup: 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

Individual Meter: 1

Gas

None: 1

Owner Pays

Water: 1

Sewer: 1

Trash Collection: 1

Landscaping: 1

New Financing

Conventional: 1

FHA: 1

No Carry: 1

1031 Exchange: 1

Existing 1st Loan

Private: 1

Existing 1st Loan Type

Not Applicable: 1

Existing 1st Loan Terms

Not Applicable: 1

Existing 2nd Loan Type

Not Applicable: 1

Existing 2nd Loan Terms

Not Applicable: 1

Existing 3rd Loan Type

Not Applicable: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Existing 3rd Loan Terms

Not Applicable: 1

Environmental

Other (See Remarks): 1

Existing Othr Ln Trm

Not Applicable: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4

Avg Rent: 550

Avg SqFt: 800

# Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Conventional

Loan Years: 30

Closing Cost Split: Normal - N

Payment Type: Fixed

Buyer Concession to Seller: 0

Buyer Concession $/%: $

Seller Concession to Buyer: 13500

Seller Concession $/%: $

Remarks Misc

Cross Street: 7th Ave & I17 freeway

Directions: South on 7th Ave, East on Apache to property

Geo Lat: 33.430416

Geo Lon: -112.082237

Status Change Info

Off Market Date: 2024-03-01

Under Contract Date: 2024-01-30

Close of Escrow Date: 2024-03-18

Sold Price: $650,000

Income Expenses

Gross Annual Sch Inc: 51600

Net Operating Income: 47000

Property Features

Project Type: Four Plex; 5 - 12 Units

Other Type: Packaged Offering

Construction: Wood Frame

Const - Finish: Painted; Stucco; Siding

Roofing: Composition

Floors: Ceramic Tile

Sale Includes: Land & Building; Personal Property

Community Features: No Pool

Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony

Interior Features: Unfurnished

Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup

Heating: Individual; Heat Pump

Cooling: Electric; Individual

Water Source: City Franchise

Sewer: Sewer - Public

Electric: APS; Individual Meter

Gas: None

Parking Features: >1 Space Per Unit

Road Surface Type: Asphalt

Owner Pays: Water; Trash Collection; Landscaping

Tenant Pays: Electricity

Source of Fincl Data: Owner; Projected Proforma

Existing 1st Loan: Private

Existing 1st Loan Type: Not Applicable

Existing 1st Loan Terms: Not Applicable

Existing 2nd Loan Type: Not Applicable

Existing 2nd Loan Terms: Not Applicable

Existing 3rd Loan Type: Not Applicable

Existing 3rd Loan Terms: Not Applicable

Existing Othr Ln Trm: Not Applicable

New Financing: FHA; Conventional; No Carry; 1031 Exchange

Environmental: Other (See Remarks)

Listing Office: West USA Realty

Last Updated: June - 24 - 2025