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$815,000
Phoenix, AZ 85006
MLS# 6978472
1 / 18
Property Description
Well-maintained four-unit apartment community located in the Garfield Submarket. Built in 1983, the property is comprised entirely of two-bedroom, one-bath units. Each of the units have been upgraded to various levels by current ownership, with the most recently remodeled unit renting for $1,425 plus RUBS; however future ownership will be able to capture additional value-add upside through further interior and exterior upgrades. New roof in 2021. The property also sits on a .25 acre lot, so there is also potential to build additional units. 1421 E Fillmore St presents a compelling opportunity to acquire a value-add asset in a centralized, high growth location with both immediate income potential and long-term upside. Great opportunity for investor or owner-occupant
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $815,000
List Price: $815,000
Status: Active
List Date: 2026-02-02
Location, Tax & Legal
Assessor's Map #: 18
Legal Description (Abbrev): LOT 6 KNUTZEN TRACT MCR
Assessor's Parcel #: 130
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113201
Taxes: 1859
Legal: LOT 6 KNUTZEN TRACT MCR
Marketing Name: Fillmore Fourplex
House Number: 1421
Compass: E
Street Name: FILLMORE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3573
County Code: Maricopa
Subdivision: KNUTZEN TRACT
Assessor Number: 116-18-130
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 10867
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1983
Zoning: R4
Legal Info
Range: 3E
Section: 4
Township: 1N
Lot Number: 6
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 3739
Annual Maint Exp: 4044
Annual Mgmt Exp: 3918
Annual Wtr/Swr Exp: 3782
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 17342
Other Income: 3292
Vacancy Allowance: 0
Adjusted Gross Inc: 61247
Pmt & Rate Info
Cap Rate: 5.85
Down Payment: 0
Equity: 850000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
See Private Remarks: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Other: 1
See Remarks: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Unknown: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
Special
REO Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 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
None: 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
# 2 Bedroom Units: 4
Avg Rent: 0
Avg SqFt: 660
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 16th St/Washington
Geo Lat: 33.454473
Geo Lon: -112.05119
Income Expenses
Gross Annual Sch Inc: 57955
Net Operating Income: 49683
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Other
Heating: Individual
Cooling: Other; See Remarks
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Unknown
Special: REO Property
Lockbox Type: See Private Remarks
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
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: Conventional
Environmental: None
Listing Office: Matthews Real Estate Investment Services
Last Updated: April - 08 - 2026
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