2704 E SOUTHGATE Avenue Phoenix, AZ $ 620,000
2704 E SOUTHGATE Avenue
$ 620,000
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2704 E SOUTHGATE Avenue

Phoenix, AZ, 85040
$ 620,000
Baths0.0

Monthly Estimate*

$ 3,868

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $620,000. This home was built in 2006.

A fantastic investment opportunity! Duplex built in 2006, split-face block construction, concrete driveway & parking pad, 4 vehicle steel carport provides a 2 covered parking spaces for each unit, 6.13% CAP rate providing an attractive return of investment. Each unit feature a 3 bedrooms, 2 bathrooms, separate electric meters. Recent updates in 2023 include new roof, fully remodeled bathrooms with walk-in showers & frameless glass, tile flooring throughout, new kitchen appliances, granite countertops, indoor laundry room-features sure to attract tenants. Additionally, the duplex boasts private front & backyard, which is a huge plus. Its prime location, just minutes to sky harbor airport & downtown phoenix makes it highly desirable for tenants seeking, convenience. Don't miss this one!!

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Multi-Family Contingent

Price

$ 620,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,454

Style

Multiple Dwellings

Year Built

2006

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6848547

Features
General
Sewer Public Sewer
Heating Electric
Cooling Ceiling Fan(s) Electric
Roof Composition
Zoning R-3
Construction Materials Painted Block
Year Built 2006
Electric SRP
Township 1N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 43080.0
Community Features Other Play Area No Pool
County Maricopa
Net Operating Income 38917.0
Operating Expense 4856.0
Insurance Expense 1728.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name PEILA HOMES LOTS 39-79 103-126
Garage Y/N N
Status UCB (Under Contract-Backups)
Directions North on 24th St. East (R) on Jones Ave. South (R) on 25th St. then follow east on Southgate to property.
High School South Mountain High School
City Phoenix
Disclosures Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 0.0
Number Of Units Total 2
Carport Y/N N
Elementary School Percy L Julian School
Tax Annual Amount 1454.0
Middle/Junior High School Percy L Julian School
Water Sewer Expense 1674.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/armls/6848547#tour
Standard Status Active Under Contract
Occupancy Type Tenant
Elementary School District Roosevelt Elementary District
Tax Lot 119
Cap Rate 6.28
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features See Remarks Other >1 Space Per Unit Carport
Water Source City Franchise
Total Parking 4.0
Number of Buildings 1
Spa N
Lot Dimensions 134.12X95.10
Covered Spaces 4.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2704
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* Excluded Features
List By
1912 Realty

Broker

khalid@1912realty.com

Email

Affordability Calculator

$3,989
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,868
Monthly Property Taxes
$121
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
4328234 Elementary School
4327831 Middle School
South Mountain High School High School
Pricing History
DatePricePrice ChangeDescription
10/21/2025$620,000 -0.64% Price Down
8/6/2025$624,000 -0.16% Price Down
7/14/2025$625,000 -1.57% Price Down
4/23/2025$635,000 Listed Price

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2704 E SOUTHGATE Avenue, Phoenix, AZ, 85040 is a Multi-Family Home for sale at $620,000. 2704 E SOUTHGATE Avenue is a studio with 0.0 baths and was built in 2006. The property's zip code is 85040 which is in Phoenix, AZ