$575,000
Phoenix, AZ 85009
MLS# 6970729
1 / 17
Property Description
Excellent opportunity to own this 7-unit multifamily investment in the heart of Phoenix. The property is located just minutes from Downtown Phoenix and surrounded by new development. Ideal for investors seeking strong cash flow and reliable monthly income. Prime location near restaurants with quick access to I-17 and I-10
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $575,000
List Price: $575,000
Status: Active
List Date: 2026-01-17
Location, Tax & Legal
Assessor's Map #: 49
Legal Description (Abbrev): LOT 5 BLOCK 43 CAPITOL BLK 43, 44, 35-38, 29, 30 MCR 000213
Assessor's Parcel #: 101
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114402
Taxes: 1299
Legal: LOT 5 BLOCK 43 CAPITOL BLK 43, 44, 35-38, 29, 30 MCR 000213
Marketing Name: Capitol
House Number: 2021
Compass: W
Street Name: WASHINGTON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 5271
County Code: Maricopa
Subdivision: CAPITOL BLK 43, 44, 35-38, 29, 30
Assessor Number: 109-49-101-A
Tax Year: 2025
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 14,000
Total # of Units: 7
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Capitol Elementary School
High School: Central High School
Year Built: 1931
Zoning: R-3
Legal Info
Range: 2E
Section: 12
Township: 1N
Block: 43
Lot Number: 5
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 5358
Annual Gas Exp: 0
Annual Ins Exp: 1440
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 8400
Annual Mgmt Exp: 0
Annual Trash Exp: 1200
Annual Wtr/Swr Exp: 2860
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 500
Operating Exp: 22257
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 86925
Pmt & Rate Info
Cap Rate: 12.36
Down Payment: 0
Equity: 575000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Combo: 1
Community Features
No Pool: 1
Heating
Individual: 1
Window/Wall Unit(s): 1
Cooling
Window/Wall Unit: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Interior Features
Unfurnished: 1
Tenant Pays
Cable TV: 1
Appliances Included
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Trash Collection: 1
New Financing
Cash: 1
Other (See Remarks): 1
Special
Lender / Corporate Approval Required: 1
Existing 1st Loan
Private: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Private: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-386-7885
Efficiency Units
# Efficiency Units: 7
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 650
Avg SqFt: 625
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1250
Avg SqFt: 750
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1750
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
# Baths: 1
Remarks Misc
Cross Street: WASHINGTON ST AND 19TH AVE
Directions: .
Geo Lat: 33.447744
Geo Lon: -112.103172
Income Expenses
Gross Annual Sch Inc: 91500
Net Operating Income: 71042
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced
Interior Features: Unfurnished
Appliances Included: Refrigerator
Heating: Individual; Window/Wall Unit(s)
Cooling: Window/Wall Unit; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Trash Collection
Tenant Pays: Cable TV
Source of Fincl Data: Owner
Special: Lender / Corporate Approval Required
Lockbox Type: Combo
Existing 1st Loan: Private
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Private
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Other (See Remarks)
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: January - 19 - 2026
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