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$872,000
Phoenix, AZ 85014
MLS# 6960831
Status: UCB (Under Contract-Backups)
1 / 93
Property Description
Appraisal was just completed 2 months ago for $900k.*8.35% Gross Cap* 3 Units, 2 Buildings on One Parcel, Great unit mix with large units! Built in 1942 & NEWLY BUILT in 2025. ALL VERY LARGE UNITS!! Front building boasts a duplex that Consists of (1) 3-Bed / 2-Bath Unit & (1) 2-Bed / 2-Bath Unit, & (1) 3-Bed/2-Bath Casita. Each unit features a fully upgraded interior With white quartz countertops, luxury vinyl-plank flooring throughout, subway tile showers, stainless steel appliance package, & in-suite washer / dryer in every unit. exterior upgrades include new paint, stucco & new windows, 3 new AC units, new roofs and Private FENCED YARDS for all units. LARGE WALK-IN CLOSETS. Located just outside Biltmore close to uptown, Dining hotspots & entertainment options are plentiful around.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $872,000
List Price: $872,000
Status: UCB (Under Contract-Backups)
List Date: 2025-12-24
Location, Tax & Legal
Assessor's Map #: 11
Legal Description (Abbrev): PALO VERDE PL
Assessor's Parcel #: 92
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108602
Taxes: 1884
Legal: PALO VERDE PL
Marketing Name: GREAT CASHFLOW IN UPTOWN!
House Number: 1012
Compass: E
Street Name: PIERSON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 3608
County Code: Maricopa
Subdivision: PALO VERDE PLACE
Assessor Number: 155-11-092
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 60'X125'
Flood Zone: No
Total # of Units: 3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison Richard Simis School
Jr. High School: Madison Meadows School
High School: Central High School
Year Built: 1942
Zoning: R3
Legal Info
Range: 3E
Section: 21
Township: 2N
Lot Number: 16
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1884
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 74184
Pmt & Rate Info
Cap Rate: 8.51
Equity: 872000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
Combo: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 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: 1
Avg Rent: 1824
Avg SqFt: 830
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 2234
Avg SqFt: 900
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: CAMELBACK/11TH STREET
Geo Lat: 33.507666
Geo Lon: -112.05946
Income Expenses
Gross Annual Sch Inc: 74184
Net Operating Income: 74184
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: >1 Space Per Unit
Road Surface Type: Concrete
Road Responsibility: City Maintained Road
Owner Pays: Water
Tenant Pays: Water; Sewer; Electricity; Gas
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: Combo
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: Gentry Real Estate
Last Updated: March - 12 - 2026
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