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629-299-2386
SimpliHŌM
1015 S 1st Avenue, Phoenix, AZ 85003
- $650,000
- Sold Price
- $650,000
- List Price
- $699,900
- Status
- CLOSED
- Days on Market
- 164
- Closing Date
- Aug 14, 2026
- MLS#
- 6992945
- Subtype
- Multiple Dwellings
- Year Built
- 1936
- Subdivision
- Montgomery
Property Description
Exceptional 3-unit, garden-style investment opportunity offering a 9.23% gross CAP rate. The property features a thoughtfully reimagined front residence originally built in 1936 and fully renovated in 2024, along with a newly constructed rear ADU completed in 2024. The unit mix includes one (1) 3-bed/2-bath unit, (1) 2-bed/2bath unit, and (1) 2-bed/1-bath unit. Each residence offers fully upgraded interiors with white quartz countertops, luxury vinyl plank flooring, subway tile showers, stainless steel appliances, and in-unit washer and dryer. Recent exterior improvements include new stucco, dual-pane windows, new HVAC systems, a new roof, and ample on-site storage. Tenants also enjoy access to a spacious shared backyard area, creating a comfortable outdoor setting for residents. designed for shared outdoor living. Ideally situated in the Roosevelt Arts District, the property offers convenient access to Downtown Phoenix's thriving cultural venues, acclaimed dining, and premier entertainment destinations.
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Additional Information
- Taxes
- $523
- Zoning
- R5
- Flooring
- Ceramic Tile
- Appliances
- Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, Free-Standing Gas Oven
- Heating
- Central, Forced Air
- Air Conditioning
- Electric, Ceiling Fan(s)
- Exterior Construction
- Block, Stucco
- Parking Features
- >1 Space Per Unit
- Elementary School
- Lowell Elementary School
- Middle School
- Phoenix #1 iAcademy
Courtesy of Jason Mitchell Real Estate. 480-522-1030 Selling Office: Real Broker.
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