$375,000
Phoenix, AZ 85007
MLS# 6992517
Status: Pending
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Property Description
Excellent opportunity to own a cash flowing, low maintenance triplex near downtown Phoenix. Two 2-bedroom, 1 bath units and one renovated 1-bedroom, 1 bath unit. On-site laundry. Corner lot with 2 buildings. Strong rents with consistent, stable tenants. Opportunity for value-add and rent increases.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $375,000
List Price: $375,000
Status: Pending
List Date: 2026-03-03
Location, Tax & Legal
Assessor's Map #: 26
Legal Description (Abbrev): LOT 30 CAPITOLA PLACE MCR
Assessor's Parcel #: 28
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 112900
Taxes: 1329
Legal: LOT 30 CAPITOLA PLACE MCR 000407
Marketing Name: CAPITOLA
House Number: 347
Compass: N
Street Name: 16TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2444
County Code: Maricopa
Subdivision: CAPITOLA PLACE
Assessor Number: 111-26-028
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 6754 total sq ft
Flood Zone: No
Total # of Units: 3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Capitol Elementary School
Jr. High School: Capitol Elementary School
High School: Metro Tech High School
Year Built: 1951
Zoning: R-5
Legal Info
Range: 3E
Section: 6
Township: 1N
Lot Number: 30
Project Type
Tri-Plex: 1
Construction
Wood Frame: 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: 5660
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6989
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 33000
Total Monthly Rental Income: 2750
Pmt & Rate Info
Cap Rate: 0.01
Equity: 375000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Heat Pump: 1
Electric: 1
Individual: 1
Central: 1
Cooling
Central Air: 1
Electric: 1
Heat Pump: 1
Individual: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Free-Standing Gas Oven: 1
Refrigerator: 1
W/D Hookup: 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 Per Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 850
Avg SqFt: 400
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 950
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 19th Ave & Van Buren
Directions: East on Van Buren from 19th Ave. North on 16th Ave.
Geo Lat: 33.453094
Geo Lon: -112.093693
Status Change Info
Off Market Date: 2026-03-05
Under Contract Date: 2026-03-05
Income Expenses
Gross Annual Sch Inc: 33000
Net Operating Income: 26011
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Laminate; Tile
Sale Includes: Land & Building
Community Features: Other
Appliances Included: Free-Standing Gas Oven; Refrigerator; W/D Hookup
Heating: Individual; Central; Heat Pump
Cooling: Electric; Heat Pump; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: McMath Realty LLC
Last Updated: March - 05 - 2026
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