$620,000
Phoenix, AZ 85040
MLS# 6848547
Status: UCB (Under Contract-Backups)
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Property Description
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!!
Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $620,000
List Price: $620,000
Status: UCB (Under Contract-Backups)
List Date: 2025-04-09
Location, Tax & Legal
Assessor's Map #: 20
Legal Description (Abbrev): LOT 119 PEILA HOMES LOTS 39-79, 103-126 MCR 004312
Assessor's Parcel #: 141
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 115200
Taxes: 1454
Legal: LOT 119 PEILA HOMES LOTS 39-79, 103-126 MCR 004312
Marketing Name: Duplex
House Number: 2704
Compass: E
Street Name: SOUTHGATE
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1573
County Code: Maricopa
Subdivision: PEILA HOMES LOTS 39-79, 103-126
Assessor Number: 122-20-141
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 134.12X95.10
Flood Zone: No
Total # of Units: 2
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Percy L Julian School
Jr. High School: Percy L Julian School
High School: South Mountain High School
Year Built: 2006
Zoning: R-3
Legal Info
Range: 3E
Section: 23
Township: 1N
Lot Number: 119
Project Type
Duplex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Other (See Remarks): 1
Income & Expenses
Annual Ins Exp: 1728
Annual Wtr/Swr Exp: 1674
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4856
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 43080
Total Monthly Rental Income: 3590
Pmt & Rate Info
Cap Rate: 6.28
Equity: 620000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Play Area: 1
Other: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Curb(s) & Gutter(s): 1
Security Light(s): 1
Other (See Remarks): 1
Interior Features
Unfurnished: 1
Mini Blinds: 1
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Landscaping: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Washer/Dryer: 1
Road Access Type
Dedicated Street: 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
>1 Space Per Unit: 1
Other: 1
See Remarks: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
Special
Accept Backups (CLO): 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 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
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1795
Avg SqFt: 1200
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 24th St. & Broadway
Directions: North on 24th St. East (R) on Jones Ave. South (R) on 25th St. then follow east on Southgate to property.
Geo Lat: 33.41001
Geo Lon: -112.02366
Income Expenses
Gross Annual Sch Inc: 43080
Net Operating Income: 38917
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building; Other (See Remarks)
Community Features: No Pool; Play Area; Other
Exterior Amenities: Desert Landscaping; Fenced; Curb(s) & Gutter(s); Security Light(s); Other (See Remarks)
Interior Features: Unfurnished; Mini Blinds; Other (See Remarks)
Appliances Included: Refrigerator; Dishwasher; Disposal; Washer/Dryer
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; >1 Space Per Unit; Other; See Remarks
Road Access Type: Dedicated Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV; Landscaping
Source of Fincl Data: Owner
Special: Accept Backups (CLO)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Other (See Rmks)
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Investor DSCR Loan 
Listing Office: 1912 Realty
Last Updated: December - 23 - 2025
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