$1,525,000
Phoenix, AZ 85034
MLS# 6948798
1 / 13
Property Description
Brand new construction. All units are 2 bedroom 2 bath/ High end finishes throughout. This is a perfect turnkey property that is the first in a growing area with gentrification happening. Upside investment. The property is near the light rail into downtown, Bank One Ballpark, Roosevelt Row, and light rail to the airport. IECC efficient appliances and A/C. Visit my YouTube channel at MorganShipleyAZ for videos.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,525,000
List Price: $1,525,000
Status: Active
List Date: 2025-11-17
Location, Tax & Legal
Assessor's Map #: 49
Legal Description (Abbrev): COLLINS
Assessor's Parcel #: 29
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114000
Taxes: 1220
Legal: COLLINS
Marketing Name: Collins
House Number: 1305
Compass: E
Street Name: MADISON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85034
Zip4: 2320
County Code: Maricopa
Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 39-40
Assessor Number: 116-49-029
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 7000 sq feet
Flood Zone: No
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Garfield School
High School: North High School
Year Built: 2025
Zoning: R-3
Legal Info
Range: 3E
Section: 9
Township: 1N
Lot Number: 11
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Stone: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 2000
Annual Landscape Exp: 1500
Annual Trash Exp: 300
Annual Wtr/Swr Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6520
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 88800
Pmt & Rate Info
Cap Rate: 5.4
Equity: 1525000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Combo: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
See Remarks: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1900
Avg SqFt: 941
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Madison and 13th St.
Directions: Take Jefferson to 13th St. Go south on 13th St. Turn Left on Madison Property is second lot on the right
Geo Lat: 33.445866
Geo Lon: -112.053888
Income Expenses
Gross Annual Sch Inc: 88800
Net Operating Income: 82280
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco; Stone
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Free
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection; Landscaping; See Remarks
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: Combo
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: Other (See Remarks)
Listing Office: Realty ONE Group
Last Updated: April - 17 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.