377 N 15th Street, Phoenix, AZ 85006
- $660,000
- 8
- BD
- 4
- BA
- List Price
- $660,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 7062340
- City
- Phoenix
- Bedrooms
- 8
- Bathrooms
- 4
- Year Built
- 1983
Property Description
The 15th Street fourplex consists of four 2-bedroom, 1-bath units, each approximately 650 square feet. Average rents are $1,107 per unit, producing gross annual income of approximately $53,160. Operating expenses are low, with the owner responsible only for water, sewer, and trash. Three of the four units have been renovated, and two HVAC systems have been replaced within the last 2-4 years. Located in the highly desirable Garfield Historic District, the property offers historic charm, excellent walkability, and close proximity to Roosevelt Row, making it an attractive investment with strong long-term upside in one of downtown Phoenix's most sought-after neighborhoods.
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Additional Information
- Taxes
- $1,803
- Net Operating Income
- $38,874
- Cap Rate
- 5.89
- Units
- 4
- Parking Features
- On Street, >1 Space Per Unit
- Construction
- Block, Slump Block, Stucco
- Roofing
- Composition
- Cooling
- Electric
- Heating
- Central
- Zoning
- R-4
- Subdivision
- Barkley Place
- Community Features
- No Pool
- Electric
- APS, Individual Meter, SRP
- Water
- Master Meter
- Tenant Pays
- Electricity
- New Financing
- Conventional, 1031 Exchange, No Carry, Cash
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Listing courtesy of Compass.
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