$525,000
Phoenix, AZ 85009
MLS# 6989910
1 / 25
Property Description
Great location, close to downtown Phoenix and near the I-17 and I-10. This fully rented triplex (rent of $3400 per month), with a new roof (2022), consists of all 2 bedroom/1bathroom units. Two of the units have been fully remodeled and the 3rd has a long-time tenant. Other updates/upgrades include: 1) new backyard fence for unit 2015 in March 2023, 2) new water heater in unit 2015 in Jan. 2023, 3) new electric panel until 2013 (spring 2022); and 4) 3 new vinyl double pane windows in unit 2015 (Feb. 2013). The 3 units are located on a spacious 14,000 square foot lot with gated yard for each unit. Tenants pay for electric; owner pays for water and trash. Come check out this fantastic, centrally located income producing property!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $525,000
List Price: $525,000
Status: Active
List Date: 2026-02-26
Location, Tax & Legal
Assessor's Map #: 31
Legal Description (Abbrev): CAPITOL MCR 2/13 LOTS 3 & 4
Assessor's Parcel #: 30
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114402
Taxes: 838
Legal: CAPITOL MCR 2/13 LOTS 3 & 4
Marketing Name: 22/002
House Number: 2013
Compass: W
Street Name: ADAMS
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 5238
County Code: Maricopa
Subdivision: CAPITOL ADDITION
Assessor Number: 109-31-030-A
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 14000
Flood Zone: TBD
Total # of Units: 3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Mary Mcleod Bethune School
Jr. High School: Mary Mcleod Bethune School
High School: Central High School
Year Built: 1946
Zoning: R-3
Legal Info
Range: 2E
Section: 12
Township: 1N
Lot Number: 4
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Laminate: 1
Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Wtr/Swr Exp: 1560
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2398
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 38760
Total Monthly Rental Income: 3400
Pmt & Rate Info
Cap Rate: 7.31
Equity: 525000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Electric: 1
Exterior Amenities
Fenced: 1
Cable TV Available: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Disposal: 1
Free-Standing Electric Oven: 1
Refrigerator: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1133.33
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 19th Ave. & Adams
Directions: Go West on Adams past 19th Ave.. Property will be on the left.
Geo Lat: 33.448853
Geo Lon: -112.102862
Income Expenses
Gross Annual Sch Inc: 40800
Net Operating Income: 38402
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Laminate; Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced; Cable TV Available
Interior Features: Unfurnished
Appliances Included: Free-Standing Electric Oven; Refrigerator; Disposal
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS
Gas: None
Parking Features: 1 Space/Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: HomeSmart
Last Updated: February - 26 - 2026
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