$535,900
Phoenix, AZ 85007
MLS# 6920059
1 / 64
Property Description
Gross 9.1% CAP Rate. 3 Units, Garden-Style Property, Built in 1931 & Renovated in 2024. Unit Mix Consists of (2) 1-Bed / 1-Bath Units & (1) 2-Bed / 2-Bath Units. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliances, & In-Suite Washer / Dryer. Exterior Upgrades Include Brand New Stucco, New Windows & AC Units, Ample Storage Space, & Large Common Backyard Area. New roof just installed. Located in the Roosevelt Arts District, Which Provides Easy Access to Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $535,900
List Price: $535,900
Status: Active
List Date: 2025-09-15
Location, Tax & Legal
Assessor's Map #: 24
Legal Description (Abbrev): OAKLAND
Assessor's Parcel #: 54
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 112900
Taxes: 1568
Legal: OAKLAND
Marketing Name: Remodeled triplex
House Number: 325
Compass: N
Street Name: 17TH
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2775
County Code: Maricopa
Subdivision: OAKLAND
Assessor Number: 111-24-054
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 8700 sqft
Flood Zone: Yes
Total # of Units: 3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1932
Zoning: R-5
Legal Info
Range: 3E
Section: 6
Township: 1N
Lot Number: 8
Project Type
Tri-Plex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1568
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 50661.6
Pmt & Rate Info
Cap Rate: 8.74
Equity: 579900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
See Private Remarks: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Central Air: 1
Electric: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1340
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1764
Avg SqFt: 650
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 17th Dr and Van Burren
Geo Lat: 33.452478
Geo Lon: -112.096555
Income Expenses
Gross Annual Sch Inc: 53328
Net Operating Income: 50661
Property Features
Project Type: Tri-Plex
Construction: Block; Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Heat Pump
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: >1 Space Per Unit
Road Surface Type: Concrete
Owner Pays: Water; Electric
Tenant Pays: Water; Sewer; Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: See Private Remarks
Existing 1st Loan: Conventional
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: Gentry Real Estate
Last Updated: October - 27 - 2025
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