1435 E PIERCE Street Phoenix, AZ $ 999,500
1435 E PIERCE Street
$ 999,500
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1435 E PIERCE Street

Phoenix, AZ, 85006
$ 999,500
Baths0.0

Monthly Estimate*

$ 6,643

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $999,500. This home was built in 1983.

Investment Opportunity in Prime Location! Discover this remarkable 4-plex multi-family property nestled in the heart of the highly sought-after Garfield District in Phoenix, Arizona. With all units fully occupied by tenants, this property offers immediate rental income and a promising return on investment. Property Highlights: 100% Tenant Occupied: All four units are currently leased, providing a steady stream of rental income from day one. Desirable Location: Located in the vibrant and historic Garfield District, this property is surrounded by an array of amenities including restaurants, shops, parks, and entertainment options. Maintained Units- Functional Layouts. Strong Rental Demand: The Garfield District is known for its charm and convenience, attracting a consistent pool of potential tenants. Potential for Growth: Explore opportunities for increasing rental income or future appreciation as the area continues to develop. Don't miss out on this exceptional opportunity to invest in a thriving neighborhood. Whether you're a seasoned investor or looking to expand your portfolio, this 4-plex property in the Garfield District is a must-see.

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Multi-Family Active

Price

$ 999,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,514

Style

Multiple Dwellings

Year Built

1983

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6693595

Features
General
Sewer Public Sewer
Heating Heat Pump 2 or More Units
Cooling 2 or More Units Central A/C
Roof Composition
Zoning R-4 Multi Fam
Construction Materials Painted Stucco Frame - Wood
Year Built 1983
Electric APS
Tenant Pays Electricity Cable TV
Township 1N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 50400.0
Community Features No Pool
County Maricopa
Net Operating Income 45886.0
Operating Expense 4514.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name MEYERS SUB
Garage Y/N N
Status Active
Directions Van Buren to 16th St. North to Pierce West to Property.
High School North High School
City Phoenix
Buyer Agent Compensation 2.50
Disclosures Seller Prop Disc Stm
View Y/N N
High School District Phoenix Union High School District
Open Parking Spaces 8.0
NumberOfUnitsTotal 4
Lot Size Square Feet 0.0
Carport Y/N N
Street Name PIERCE
Elementary School Garfield School
Tax Annual Amount 1514.0
Current Financing Non Assumable
Middle/Junior High School Phoenix Prep Academy
Water Sewer Expense 3000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 48
Standard Status Active
Occupancy Type Tenant
Elementary School District Phoenix Elementary District
Tax Lot 22
Cap Rate 4.5
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
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Interior
Flooring Concrete
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Add'l Parking Avail 1 Space/Unit
Water Source City Franchise
Total Parking 8.0
Lot Size Area 0.0
Number of Buildings 2
Spa N
Lot Dimensions 49.95 x 138.02
Lot Size Acres 0.0
Road Surface Type Asphalt Dedicated Street Concrete Curb(s) & Gutter(s) Sidewalk(s) Alley
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1435
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* Excluded Features
List By
Kristopher Realty

Broker

kristopherrealtygroup@gmail.com

Email

Affordability Calculator

$6,769
Per Month
98%
2%
0%
Monthly Principal & Interest
$6,643
Monthly Property Taxes
$126
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4327267 Elementary School
4327687 Middle School
North High School High School
Pricing History
DatePricePrice ChangeDescription
5/30/2024$999,500 -2.01% Price Down
4/18/2024$1,020,000 Listed Price

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1435 E PIERCE Street, Phoenix, AZ, 85006 is a Multi-Family Home for sale at $999,500. 1435 E PIERCE Street is a studio with 0.0 baths and was built in 1983. The property's zip code is 85006 which is in Phoenix, AZ