1021 E Pierce Street, Phoenix, AZ 85006
- $1,280,000
- 12
- BD
- 8
- BA
- List Price
- $1,280,000
- Status
- ACTIVE
- Days on Market
- 31
- MLS#
- 7076583
- City
- Phoenix
- Bedrooms
- 12
- Bathrooms
- 8
- Year Built
- 2006
Property Description
Incredible Investment Opportunity in the Heart of Historic Garfield - A rare and highly desirable 4-unit multifamily property nestled in one of Phoenix's most sought-after and culturally rich neighborhoods, the Historic Garfield District. Whether you're a seasoned investor or looking to house-hack your way to financial freedom, this property delivers cash flow with massive upside potential. Each spacious 900 sqft units features 3 bedrooms and 2 full bathrooms, offering a layout that commands top-of-market rents in today's competitive Phoenix rental market. With a projected average rental income of $2,100 per unit per month. Situated in the heart of the Historic Garfield District one of downtown Phoenix's most vibrant , walkable, and character-filled neighborhoods.
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Additional Information
- Taxes
- $2,795
- Net Operating Income
- $80,000
- Cap Rate
- 6.25
- Units
- 4
- Parking Features
- 1 Space/Unit, On Street, Assigned
- Construction
- Wood Frame, Stucco, Stone
- Roofing
- Composition
- Cooling
- Central Air, Ceiling Fan(s)
- Heating
- Ceiling, Forced Air, Hot Water
- Zoning
- R-3
- Exterior Features
- Sidewalk(s)
- Community Features
- No Pool
- Electric
- APS
- Water
- City Franchise
- Tenant Pays
- Electricity, Cable TV
- New Financing
- VA Loan, FHA, Other (See Remarks), Owner May Carry, Cash
Courtesy of FSR Realty.
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