Address
1530 E Pierce Street Phoenix, AZ
Price
$ 650,000
Property Attributes
  • MLS#6076921
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodWallace Tract
  • Zip85006
  • Style
  • Year Built1936
  • Taxes904
  • Price$ 650,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2400
Listing Provided Courtesy Of:
RE/MAX Solutions
Property Description

Excellent investment opportunity in the heart of Phoenix. Fully occupied 4 unit garden style building in The Garfield District. Completely renovated building with new kitchens, bathrooms, flooring, fixtures, private yards and parking. This a a turn-key cash flow opportunity with long term leases in place and a 6.5% CAP Rate. Centrally located near ASU, UofA, Banner, VA and all the lifestyle services Downtown Phoenix has to offer.

Elementary School Middle School High School
Garfield School Elementary School Phoenix Prep Academy Middle School North High School
Price History
5/11/2020 Listed $650,000

General Features

1 Bedroom Units: Avg Rent 1021.25
2 Bedroom Units: Avg Rent 1021.25
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Wood
Elementary School Garfield School
Features No Pool
High School North High School
Map Code/Grid Q34
Middle School Phoenix Prep Academy
Net Income 42116.00
New Financing Conventional
Owner Pays Sewer, Trash Collection, Water
Parking 1 Space/Unit, Paved Parking, Street Parking
Property Type F
Public Remarks Excellent investment opportunity in the heart of Phoenix. Fully occupied 4 unit garden style building in The Garfield District. Completely renovated building with new kitchens, bathrooms, flooring
School District 001 - Phoenix Elementary District
Status Active
Subdivision WALLACE TRACT
Tenant Pays Electric, Gas
Year Built 1936
Zoning R-4

Interior Features

1 Bedroom Units: # 1 Bedroom Units 2
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 600
2 Bedroom Units: # 2 Bedroom Units 2
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 600
Appliances Included F/S Oven/Range, Microwave, Refrigerator
Cooling Electric Refrigeratd
Electric APS
Floors Ceramic Tile, Vinyl/Composition
Gas SW Gas
Heating Electric, Individual
Total Number of Units 4.00

Exterior Features

Sale Includes Building(s) Only
Const - Finish Painted, Stucco
Covered Parking Spcs 0.00
Exterior Features Fenced, Partially Fenced, Patio/Balcony
Lot Size Dimensions 6, 992
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 6.00
Water City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85006

Price
AVG $540K
$650K
Taxes
AVG $1,264
$904
Visits
AVG 61
67
Year Built
AVG 1954
1936

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