Excellent investment opportunity in the heart of Phoenix! This well-maintained duplex offers immediate cash flow with two spacious units already occupied. Unit 1 features 3 bedrooms and 2 bathrooms and is currently rented for $2,000/month. Unit 2 offers an expansive 5-bedroom, 3-bathroom floor plan and is currently rented for $2,325/month,… Read More generating a combined monthly income of $4,400. Conveniently located near Downtown Phoenix, I-17, I-10, schools, parks, shopping, and dining, this property is ideal for investors looking to expand their portfolio or owner-occupants seeking supplemental rental income. Don't miss this versatile, income-producing property with strong upside potential! Read Less
Courtesy of HomeSmart 602-230-7600
Listing Snapshot
Days Online
110
Last Updated
Beds
7
Year Built
1990
MLS Number
7052170
Additional Details
Property Access
Road Surface: Asphalt
Building
Built in 1990, 1 building, Construction Materials: Wood Frame, Painted
Community
No Pool
Cooling
Central Air
Disclosures
Other (See Remarks)
Expenses
Insurance: $1,500, Maintenance: $500, Operating: $9,996, Other Expense: $6,500
Income
Gross Income: $54,000, Gross ScheduledIncome: $54,000, Net Operating Income: $44,244
Lot
Dimensions: Irregular
Owner Pays
Gas, Electricity, Trash Collection, Water, Sewer
Parking
2 open parking spaces, 2 total parking spaces, None
Roof
Composition
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 109-58-074, Public Survey Range: 2E, Public Survey Section: 11, Annual Amount: $1,496, Tax Block: 4, Tax Book Number: 109.00, Legal Description: TIERRA VERDE, Lot: 15, Year: 2025, Zoning: R-3
Utilities
Water Source: City Franchise, APS
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