$950,000
Phoenix, AZ 85006
MLS# 6969126
1 / 15
Property Description
Matthews™ is pleased to present 1747 E Virginia Ave, a 4-unit multifamily opportunity located in Phoenix, AZ. Built in 1971, the property features 100% 2-bedroom, 1 bath units, all of which have been renovated with granite counter tops, white shaker cabinetry, stainless steel appliances, in-unit washer/dryer, and more. The community also features a private BBQ area and covered parking. Additionally, the property is within walking distance to Phoenix Children's Hospital and nearby other points of interest such as Downtown Phoenix and the Biltmore Fashion Park. With its close proximity to the hospital, there is potential to convert the units to mid-term rentals upon lease expiration, which typically yields a rent premium over traditional year-long leases.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $950,000
List Price: $950,000
Status: Active
List Date: 2026-01-15
Location, Tax & Legal
Assessor's Map #: 5
Legal Description (Abbrev): GREENFIELD AC TR 2 N2 W2 AS MEAS ALN S LN OF FOL LOT 35 E2 EX N 25' & EX W 25' & EX 5'X5' TRI IN NW
Assessor's Parcel #: 70
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111602
Taxes: 1476
Tax District: PHX
Legal: GREENFIELD AC TR 2 N2 W2 AS MEAS ALN S LN OF FOL LOT 35 E2 EX N 25' & EX W 25' & EX 5'X5' TRI IN NW
Marketing Name: Virginia Ave
House Number: 1747
Compass: E
Street Name: VIRGINIA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1425
County Code: Maricopa
Subdivision: GREENFIELD ACRES TRACT 2
Assessor Number: 117-05-070-A
Tax Year: 2026
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 9512
Total # of Units: 4
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Year Built: 1971
Zoning: Multi
Legal Info
Range: 3E
Section: 34
Township: 2N
Lot Number: 35
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Ins Exp: 2767
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 1603
Annual Mgmt Exp: 6642
Annual Trash Exp: 1902
Annual Wtr/Swr Exp: 2272
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 17862
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 5909
Total Monthly Rental Income: 5185
Pmt & Rate Info
Cap Rate: 5.35
Equity: 950000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Barbecue: 1
Heating
Natural Gas: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
On Street: 1
1 Space/Unit: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1296
Avg SqFt: 690
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 20th Street/Thomas
Geo Lat: 33.476362
Geo Lon: -112.043629
Income Expenses
Gross Annual Sch Inc: 6220
Net Operating Income: 50844
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool; Barbecue
Exterior Amenities: Desert Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer
Heating: Natural Gas; Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; On Street; 1 Space/Unit; Free; Paved
Road Access Type: Alley
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Listing Office: Matthews Real Estate Investment Services
Last Updated: January - 15 - 2026
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