2620 W Pierson Street, Phoenix, AZ 85017
- $625,000
- 6
- BD
- 3
- BA
- List Price
- $625,000
- Status
- ACTIVE
- Price Change
- ▼ $37,500 1787364457
- Days on Market
- 109
- MLS#
- 7039047
- City
- Phoenix
- Bedrooms
- 6
- Bathrooms
- 3
- Year Built
- 1963
Property Description
Exceptional investment opportunity featuring a total of seven units, including a single-family residence & eligible for residential financing. This triplex must be sold with the adjacent fourplex (MLS # 7039046), creating a seven-unit investment portfolio. Located near GCU, the freeway, shopping, and other amenities, this property offers strong tenant appeal. The single-family residence features a full-size laundry room. All units were renovated between 2019 and 2020. Improvements include new sewer and water lines, upgraded electrical service, interior and exterior paint, roofs replaced on both triplexes in 2024, and a new roof on the single-family residence in 2020. Well-maintained property with numerous updates throughout. See Documents tab for details. Buyer to verify all information.
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Additional Information
- Taxes
- $1,509
- Net Operating Income
- $31,068
- Cap Rate
- 4.97
- Units
- 3
- Parking Features
- 1 Space/Unit, Other, Paved, On Street
- Construction
- Block, Painted
- Roofing
- Composition
- Cooling
- Electric, Ceiling Fan(s)
- Heating
- Electric
- Zoning
- [R-3] Multiple
- Exterior Features
- Sidewalk(s)
- Subdivision
- Altro Terrace
- Community Features
- No Pool
- Electric
- SRP
- Water
- City Franchise
- Tenant Pays
- Water, Electricity
- New Financing
- Conventional, Cash
- Elementary School
- Alma Elementary School
- Middle School
- Alhambra Traditional School
- High School
- Alhambra High School
Courtesy of West USA Realty. 602-942-4200
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