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1005 S 1st Avenue Phoenix, AZ ^$ 609,000

1005 S 1st Avenue

^$ 609,000

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1005 S 1st Avenue

Phoenix, AZ, 85003

^$ 609,000

Studio Baths0.0

Monthly Estimate*

^$ 4,254

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $609,000. This home was built in 1954.

Perfect multi-family home in the heart of downtown Phoenix. Steps from the light rail, ballgames and entertainment this estate boasts all of the Phoenix charm that one would want. Ideal for an investor, this home has the potential to generate consistent solid income. It is also ideal for an owner wanting to reside on the property while offsetting expenses with a tenant OR a larger family looking for a huge in-law unit to accompany the primary. This updated multi-family property truly has limitless possibilities with NO HOA! Both units have their own washer/dryer/hot water heater etc...

Multi-Family Active

Price

^$ 609,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 725

Style

Multiple Dwellings

Year Built

1954

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6677642

Features

General

Sewer Public Sewer

Heating Electric Natural Gas

Cooling Electric

Roof Composition

Zoning M-H

Construction Materials Painted Slump Block

Year Built 1954

Electric City Electric

Tenant Pays See Remarks

Tax Year 2023

Percent Ownership Fee Simple

Gross Income 0.0

Community Features No Pool

County Maricopa

Net Operating Income 1595.0

Operating Expense 725.0

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name MONTGOMERY ADD AMD BLKS 75 83 84 91 99-102

Garage Y/N N

Status Active

City Phoenix

Buyer Agent Compensation 2.50

Disclosures None

View Y/N N

High School District Phoenix Union High School District

Open Parking Spaces 3.0

Total Units 2

Lot Size Square Feet 0.0

Carport Y/N N

Street Name 1st

Tax Annual Amount 725.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 37

Standard Status Active

Elementary School District Phoenix Elementary District

Tax Lot 3 & 4

Cap Rate 0.26

Buyer Agent Compensation Type %

New_sp_Financing_co_Conventional5 True

Ownership Fee Simple

Senior Community N

Interior

Flooring Carpet Ceramic Tile

Air Conditioning Y/N Y

Heating Y/N Y

Street Suffix Avenue

Electric On Property Y/N N

Total Baths 0

Exterior

Parking Features <1 Space Per Unit Common

Water Source City Franchise

Total Parking 6.0

Lot Size Area 0.0

Number of Buildings 2

Spa N

Lot Dimensions IRREGULAR

Lot Size Acres 0.0

Road Surface Type Concrete

Covered Spaces 3.0

Crops Included Y/N N

Open Parking Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1005

* Excluded Features

List By

Delex Realty

Broker

joeroth@landofaz.com

Affordability Calculator

$4,314

Per Month

Monthly Principal & Interest: $4,254
Monthly Property Taxes: $60
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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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Nearby

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,426,251

Percent of Sale Price 134%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327165 Elementary School

4327058 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/9/2024	$609,000	-2.40%	Price Down
3/22/2024	$624,000		Listed Price

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1005 S 1st Avenue, Phoenix, AZ, 85003 is a Multi-Family Home for sale at $609,000. 1005 S 1st Avenue is a studio with 0.0 baths and was built in 1954. The property's zip code is 85003 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/1/2024.

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1005 S 1st Avenue

Multi-Family Home for sale in Phoenix, AZ

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