$257,000
Phoenix, AZ 85006
MLS# 5771452
Status: Closed
1 / 6
Property Description
GREAT CAP RATE, ALL UNITS RENTED, low vacancy area!! Fantastic location close to the airport, light rail and downtown Phoenix. Investor has done all of the heavy lifting. New electric panels/ 2 yrs old, hot water heaters/3 yrs old, NEW 2 ton A/C units. Investor has also done minor updates to the interiors as leases expire. New leases include 6% escalator clause. Anchored by (2) 3BR/1BA, (2) 2BR/1BA & (1) 1BR/1BA. On a large lot with ample off-street parking as the property is fenced..10 spots!! Lots of development in this area. Best multi-unit property value in the Phoenix area
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $257,000
Sold Price: $257,000
Status: Closed
List Date: 2018-05-25
Location, Tax & Legal
Unit #: 5
Assessor's Map #: 1
Legal Description (Abbrev): LOT 37 BLOCK 1 AVIATION HOMESITES MCR 003101
Assessor's Parcel #: 43
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 113300
Taxes: 893
Legal: LOT 37 BLOCK 1 AVIATION HOMESITES MCR 003101
Marketing Name: N/A
Map Code/Grid: Q35
House Number: 2242
Compass: E
Street Name: Taylor
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
County Code: Maricopa
Subdivision: AVIATION HOMESITES
Assessor Number: 116-01-043
Tax Year: 2017
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 9687
Total # of Units: 5
Elementary School District: Wilson Elementary District
High School District: Phoenix Union High School District
Year Built: 1944
Zoning: R-4
Legal Info
Range: 3E
Section: 3
Township: 1N
Block: 1
Lot Number: 37
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 432
Annual Land Lse Exp: 0
Annual Landscape Exp: 200
Annual Legal & Acctg: 0
Annual Maint Exp: 1000
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 2317
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 4842
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 37306.2
Total Monthly Rental Income: 3205
Pmt & Rate Info
Cap Rate: 12.03
Down Payment: 279000
Equity: 279000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Individual: 1
Exterior Amenities
Fenced: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
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
No Carry: 1
Existing 1st Loan
Private: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 640
Avg SqFt: 524
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 640
Avg SqFt: 524
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 640
Avg SqFt: 524
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: 24th St & Taylor St
Directions: Traveling eastbound on I-10 exit 24th St, head South, turn right heading West on Taylor St to the property.
Geo Lat: 33.454334
Geo Lon: -112.03283
Status Change Info
Off Market Date: 2018-08-10
Under Contract Date: 2018-07-24
Close of Escrow Date: 2018-08-10
Sold Price: $257,000
Income Expenses
Gross Annual Sch Inc: 38460
Net Operating Income: 33558
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Built-In Range; Refrigerator
Cooling: Individual; Central Air
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; Cable TV
Source of Fincl Data: Projected Proforma
Existing 1st Loan: Private
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: No Carry
Environmental: None
Listing Office: Open House Realty
Last Updated: April - 23 - 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.