1947 E RAYMOND Street Phoenix, AZ $ 416,900
1947 E RAYMOND Street
$ 416,900
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1947 E RAYMOND Street

Phoenix, AZ, 85040
$ 416,900
Bedrooms4 Baths0.0

Monthly Estimate*

$ 2,632

1947 E RAYMOND Street, Phoenix, AZ 85040 - Image 1
1947 E RAYMOND Street, Phoenix, AZ 85040 - Image 2
1947 E RAYMOND Street, Phoenix, AZ 85040 - Image 3
1947 E RAYMOND Street, Phoenix, AZ 85040 - Image 4

Multi-Family Home for sale in Phoenix, AZ

for $416,900 with 4 bedrooms. This home was built in 2020.

*AFFORDABLE DUPLEX PRICED THOUSANDS BELOW MARKET!* Excellent opportunity for an owner-occupant or investor. Each unit features **2 bedrooms, 2 baths and a private garage**. Both units are currently occupied on a month-to-month basis, providing flexibility for a buyer who wants to **live in one unit and rent the other--potentially reducing monthly housing costs substantially!** FHA, VA and down-payment-assistance buyers welcome. Investors benefit from existing rental income with a **6%+ estimated return** and tenants willing to extend their leases if desired. Property has been self-managed by the builder/seller. Some minor cosmetic updating and repairs would restore the property's shine and provide an opportunity to add value. Affordable multifamily ownership with income already in place.

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Multi-Family Active

Price

$ 416,900

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 3,491

Style

Multiple Dwellings

Year Built

2020

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7074366

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Ceiling Fan(s) Electric
Roof Composition
Zoning R3
Construction Materials Wood Frame Painted Stucco
Year Built 2020
Electric SRP
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 36000.0
Community Features See Remarks
County Maricopa
Net Operating Income 28198.0
Operating Expense 11293.0
Insurance Expense 792.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 0.0
Subdivision Name PROGRESS PLACE
Garage Y/N Y
Status Active
High School South Mountain High School
City Phoenix
Disclosures Seller Prop Disc Stm
High School District Phoenix Union High School District
Open Parking Spaces 4.0
Number Of Units Total 2
Carport Y/N N
Elementary School Percy L Julian School
Tax Annual Amount 3491.0
Electric Expense 0.0
Fuel Expense 0.0
Middle/Junior High School Percy L Julian School
Trash Expense 0.0
Water Sewer Expense 1720.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Elementary School District Roosevelt Elementary District
Tax Lot 20
Cap Rate 6.76
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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Interior
Flooring Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 4
Total Baths 4
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Exterior
Parking Features Attached Garage 1 Space/Unit
Water Source City Franchise
Total Parking 6.0
Number of Buildings 1
Spa N
Lot Dimensions 6912 sq ft
Road Surface Type Asphalt
Covered Spaces 2.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1947
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* Excluded Features
List By
Re/Max Excalibur

Broker

dean@deanselvey.com

Email

Affordability Calculator

$2,923
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,632
Monthly Property Taxes
$291
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4328234 Elementary School
4327831 Middle School
South Mountain High School High School
Pricing History
DatePricePrice ChangeDescription
9/2/2026$416,900 Listed Price

Map


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1947 E RAYMOND Street, Phoenix, AZ, 85040 is a Multi-Family Home for sale at $416,900. 1947 E RAYMOND Street has 4 bedrooms, 0.0 baths, and was built in 2020. The property's zip code is 85040 which is in Phoenix, AZ