$4,000,000
Phoenix, AZ 85008
MLS# 7048772
1 / 10
Property Description
20% PRICE REDUCTION. Originally developed in 1960, the property's unit mix features a desirable blend of one studio (±4%) and spacious one-bedroom (±35%) and two-bedroom (±61%) floorplans covering an average of ±728 square feet. Future ownership will have the opportunity to implement an interior renovation program to upgrade the remaining classic units and capitalize on the associated interior renovation premium already proven in the immediate area.
Details
Maps
Contract Info
Current Price: $4,000,000
List Price: $4,000,000
Status: Active
List Date: 2026-07-01
Ownership: Fee Simple
Location Tax Legal
House Number: 1412
Compass: N
Street Name: 35th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Country: US
County Code: Maricopa
Assessor Number: 121-03-023
Tax Year: 2025
General Property Description
Lot Size Dimensions: 40,511
Year Built: 1960
Uncvrd Parking Spcs: 45
Total # of Units: 28
# of Buildings: 2
Zoning: R-4
Flood Zone: No
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Geo Lat: 33.463462
Geo Lon: -112.007067
Legal Info
Lot Number: Ukn
Income Expenses
Gross Annual Sch Inc: 404337
Net Operating Income: 255219
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
# Efficiency Units: 1
Avg Rent: 899
Avg SqFt: 500
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 10
Avg Rent: 1100
Avg SqFt: 660
# Baths: 10
2 Bedroom Units
# 2 Bedroom Units: 17
Avg Rent: 1182
Avg SqFt: 781
# Baths: 17
Property Features
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Appliances Included: Free-Standing Electric Oven; Refrigerator; Washer/Dryer
Heating: Individual
Cooling: Electric; Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Gas; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email
Lockbox Type: None
New Financing: Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Marcus & Millichap
Last Updated: July - 01 - 2026
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