$949,900
Phoenix, AZ 85003
MLS# 6951024
1 / 11
Property Description
Located in an Opportunity Zone, this new development in Downtown Phoenix featuring 3 units 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 and Downtown Phoenix.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $949,900
List Price: $949,900
Status: Active
List Date: 2025-11-24
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: 714
Legal: MONTGOMERY LOTS 13 & 14 BLK 24
Marketing Name: Opportunity Zone
House Number: 822
Compass: S
Street Name: 4TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 2519
County Code: Maricopa
Subdivision: MONTGOMERY ADD BLKS 23-26 31-34 39-42 47-50
Assessor Number: 112-17-019
Tax Year: 2024
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: 2025
Zoning: R-4
Legal Info
Range: 3E
Section: 8
Township: 1N
Lot Number: 13
Project Type
Tri-Plex: 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: 6114
Other Income: 0
Vacancy Allowance: 0.04
Adjusted Gross Inc: 65491.2
Pmt & Rate Info
Cap Rate: 6.54
Equity: 949900
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
Electric: 1
Individual: 1
Central: 1
2 or More Units: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Individual: 1
2 or More Units: 1
Exterior Amenities
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
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Private: 1
Reports/Disclosures
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: 1895
Avg SqFt: 974
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
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: 33.439236
Geo Lon: -112.079706
Income Expenses
Gross Annual Sch Inc: 68220
Net Operating Income: 62106
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: 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: Individual; Central; 2 or More Units
Cooling: Ceiling Fan(s); Electric; 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: Private
New Financing: Cash; VA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Grayson Real Estate
Last Updated: December - 11 - 2025
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