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$1,325,000
Phoenix, AZ 85022
MLS# 7010684
1 / 21
Property Description
This 7-unit property boasts a fully renovated interior and in-unit washers and dryers in every residence, delivering a truly turn-key investment in the heart of North Phoenix. Situated in the established North Mountain submarket, the area continues to benefit from sustained population growth and strong demand for quality rental housing. With a uniform 2-bedroom/1-bathroom unit mix, 100% occupancy, and a proven history of long-term tenancy, this property stands out as an exceptional stabilized investment already generating consistent cash flow.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,325,000
List Price: $1,325,000
Status: Active
List Date: 2026-04-08
Location, Tax & Legal
Assessor's Map #: 10
Legal Description (Abbrev): SUN & SAND MCR 54/14 LOT 11 BLK 7 W 65.055F AS MEASURED ALG N LN & EX WLY 8F & S 8F P-D 1056-595
Assessor's Parcel #: 56
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103701
Taxes: 1953
Legal: SUN & SAND MCR 54/14 LOT 11 BLK 7 W 65.055F AS MEASURED ALG N LN & EX WLY 8F & S 8F P-D 1056-595
Marketing Name: 2015 E Eugie Ter
House Number: 2015
Compass: E
Street Name: EUGIE
St Suffix: Terrace
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
Zip4: 8005
County Code: Maricopa
Subdivision: SUN SAND BLK 1-3
Assessor Number: 166-10-056-A
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 12
Lot Size Dimensions: Normal
Total # of Units: 7
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Year Built: 1985
Zoning: R-3
Legal Info
Range: 3E
Section: 15
Township: 3N
Lot Number: 11
Project Type
5 - 12 Units: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Laminate: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 571
Annual Gas Exp: 475
Annual Ins Exp: 4172
Annual Landscape Exp: 1200
Annual Trash Exp: 1655.88
Annual Wtr/Swr Exp: 3674
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 13700.88
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 111000
Pmt & Rate Info
Cap Rate: 6.63
Equity: 1325000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Central: 1
Cooling
Central Air: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Access Type
City Street: 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
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 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: 7
Avg Rent: 1321
Avg SqFt: 814
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: N 20th St and E Eugie Ter
Geo Lat: 33.60971
Geo Lon: -112.038527
Income Expenses
Gross Annual Sch Inc: 111000
Net Operating Income: 87883
Property Features
Project Type: 5 - 12 Units
Construction: Block; Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Laminate
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup
Heating: Central
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Orion Investment Real Estate
Last Updated: April - 08 - 2026
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