$540,000
Phoenix, AZ 85009
MLS# 7007576
Status: Pending
1 / 3
Property Description
Great investment opportunity! Three separate units, all 2 bedrooms with 1 bathroom. Two units are currently rented out, and the vacant unit is almost finished being remodeled. Professional photos will be uploaded once renovations are complete. New roof done last year, and electric + plumbing were redone for two of the units last year. Tenants pay gas and electric. There is potential to build another unit on the lot as well!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $540,000
List Price: $540,000
Status: Pending
List Date: 2026-04-01
Location, Tax & Legal
Assessor's Map #: 23
Legal Description (Abbrev): COTTAGE HOME TR E 60' OF W 480' OF S2 LOT 7 BLK 1
Assessor's Parcel #: 116
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114600
Taxes: 668
Legal: COTTAGE HOME TR E 60' OF W 480' OF S2 LOT 7 BLK 1
Marketing Name: TRI-PLEX
House Number: 3516
Compass: W
Street Name: GRANT
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 5566
County Code: Maricopa
Subdivision: COTTAGE HOME TRACT
Assessor Number: 106-23-116-B
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 10703
Total # of Units: 3
Elementary School District: Murphy Elementary District
High School District: Phoenix Union High School District
Elementary School: Jack L Kuban Elementary School
Jr. High School: Jack L Kuban Elementary School
High School: Carl Hayden High School
Year Built: 1951
Zoning: Residential
Legal Info
Range: 2E
Section: 10
Township: 1N
Block: 1
Lot Number: 7 1
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 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: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 900
Annual Legal & Acctg: 0
Annual Mgmt Exp: 0
Annual Wtr/Swr Exp: 2244
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 3812
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 50730
Pmt & Rate Info
Cap Rate: 6.73
Down Payment: 0
Equity: 540000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 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
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Fenced: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Disposal: 1
Free-Standing Gas Oven: 1
Other: 1
Road Access Type
Private Road: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
<1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Other (See Remarks): 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 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
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1485
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 35th Ave & Buckeye Rd
Directions: NORTH TO GRANT, WEST TO THE SECOND PROPERTY ON NORTH SIDE.
Geo Lat: 33.44171
Geo Lon: -112.135283
Status Change Info
Off Market Date: 2026-04-14
Under Contract Date: 2026-04-14
Income Expenses
Gross Annual Sch Inc: 53400
Net Operating Income: 36359
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
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: Free-Standing Gas Oven; Disposal; Other
Heating: Natural Gas
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: <1 Space Per Unit; Add'l Parking Avail; Paved
Road Access Type: Private Road
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
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: Cash; Conventional; Other (See Remarks)
Environmental: None
Listing Office: Real Broker
Last Updated: April - 15 - 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.