$800,000
Phoenix, AZ 85040
MLS# 6972364
1 / 5
Property Description
Turnkey income property featuring a fully remodeled duplex plus two brand-new mobile homes! Offering immediate rental income and minimal maintenance. The duplex has been completely updated with new tile flooring, interior and exterior paint, new AC units, and modern kitchens with new cabinets, dishwashers, and in-unit washer and dryers, all with modern finishes throughout. Each unit offers a functional two-story layout with spacious living, dining, and kitchen areas, a half bath on the main level, and three bedrooms with two full baths upstairs. The property also includes two new mobile homes with two primary bedrooms, modern finishes, and in-unit laundry. Gated access with remote control! and 8 uncovered parking spaces. Ideal for investors seeking a stabilized, turnkey asset.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $800,000
List Price: $800,000
Status: Active
List Date: 2026-01-21
Location, Tax & Legal
Assessor's Map #: 27
Legal Description (Abbrev): NORMAN ACRES LOT 1 BLK 2 N 135.59'
Assessor's Parcel #: 19
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 115300
Taxes: 819
Legal: NORMAN ACRES LOT 1 BLK 2 N 135.59'
Marketing Name: Norman Acres
House Number: 4020
Compass: S
Street Name: 15TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1320
County Code: Maricopa
Subdivision: NORMAN ACRES
Assessor Number: 113-27-019
Tax Year: 2024
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 10,450
Flood Zone: No
Total # of Units: 4
Year Built: 2007
Zoning: R4
Legal Info
Range: 3E
Section: 21
Township: 1N
Lot Number: 1
Project Type
Duplex: 1
Mobile Home Park: 1
Other Type
Other (See Remarks): 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 7800
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Maint Exp: 0
Annual Trash Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 9819
Other Income: 0
Vacancy Allowance: 0.5
Adjusted Gross Inc: 47400
Total Monthly Rental Income: 7900
Pmt & Rate Info
Cap Rate: 4.5
Equity: 800000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Sidewalk(s): 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
None: 1
Appliances Included
Built-In Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Dirt: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Add'l Parking Avail: 1
Other: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Owner May Carry: 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
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1650
Avg SqFt: 850
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 2300
Avg SqFt: 1200
# Baths: 3
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Broadway/16th Street
Geo Lat: 33.409508
Geo Lon: -112.049547
Income Expenses
Gross Annual Sch Inc: 94800
Net Operating Income: 36000
Property Features
Project Type: Duplex; Mobile Home Park
Other Type: Other (See Remarks)
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Sidewalk(s); Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Built-In Electric Oven; Refrigerator; Microwave; Washer/Dryer
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit; Add'l Parking Avail; Other
Road Surface Type: Gravel; Dirt; Asphalt
Owner Pays: Water; Electric; Trash Collection
Tenant Pays: None
Source of Fincl Data: Owner
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; Owner May Carry; 1031 Exchange
Environmental: None
Listing Office: Valley Views RE
Last Updated: January - 22 - 2026
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