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Bob Nathan

bob.nathan@engelvoelkers.com +1(480) 695-6031

$ 775,000

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Active

1509 W Pierce Street Phoenix, AZ 85007

UPDATED:

09/10/2024 03:33 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision West Lawn

MLS Listing ID 6750467

Maintenance Fees $2,997

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1983

Annual Tax Amount $1,148

Tax Year 2023

Lot Dimensions 50 X 127

Property Description

4-Plex investment opportunity in the heart of the Oakland Historic District of Downtown Phoenix. Property consists of two 2 story buildings set to the back of the property with parking lot right off the street. All 4 units are identical 2 bed, 1 bath, 642 sq ft with washer and dryer's. 1 of the 4 units just went through a full renovation in 2023. All units have sub metered water and is billed back to tenants. Only expense is city sewer and trash. Grand Ave corridor has many local shops, restaurants, cafes, brewery, etc. within a block of property. Priced $50/ft or $50K/unit below recently sold renovated complex in neighborhood.

Location

State AZ

County Maricopa

Community West Lawn

Zoning R-5

Direction Take 7th St exit off the I-10. Head south on 7th St, take a right on Roosevelt, take left on 15th Ave, right on Pierce, and 4plex is 3rd property on the left.

Interior

Heating Central, Heat Pump, Electric

Cooling Central A/C, Heat Pump, Electric, Ceiling Fan(s)

Flooring Carpet, Ceramic Tile, Vinyl

Appliance BI Oven/Range, Microwave, Washer/Dryer

Exterior

Garage Paved Parking, Free, >1 Space Per Unit, Street Parking

Community Features No Pool

Waterfront No

Roof Type Composition

Parking Type Paved Parking, Free, >1 Space Per Unit, Street Parking

Total Parking Spaces 8

Building

Sewer Public Sewer

Water City Franchise, Submetered System

Schools

Elementary Schools Capitol Elementary School

Middle Schools Capitol Elementary School

High Schools Central High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 111-25-163

Acceptable Financing No Carry, Conventional, FHA, VA Loan

Listing Terms No Carry, Conventional, FHA, VA Loan

Listed by RETSY

Bob Nathan

Global Private Office Advisor & Associate Broker | License ID: BR006110000

+1(480) 695-6031

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