1318 W Monroe Street, Phoenix, AZ 85007
- $507,750
- 3
- BD
- 3
- BA
- 2,198
- SqFt
- Sold Price
- $507,750
- List Price
- $599,999
- Closing Date
- Dec 27, 2024
- Days on Market
- 66
- Status
- CLOSED
- MLS#
- 6773552
- City
- Phoenix
- Bedrooms
- 3
- Bathrooms
- 3
- Living SQFT
- 2,198
- Lot Size
- 6,250
- Subdivision
- Woodland Place
- Year Built
- 1914
- Type
- Gemini/Twin Home
Property Description
Amazing opportunity for an investor. 3 dwellings, 2 of which have month to month leases and one with a lease terming soon. The main house has two 2/1 units, the unit in back is a 1/1. The unit shown is the mirror to the other half of the duplex. The third unit is on the back of the property. Easy to rent, awesome historic downtown Phoenix location. Reach out for details on how you can make this wise investment happen for you. Unit 1 has a lease that expires June 30th of 2025. The other two are month to month. (Additional Listing Info) *Monthly Rental income: Listed as $3950, or $4050, depending on what you consider to be the unit 3 rent based on this passage of the lease. *Construction: the building is mostly stucco over brick. The only exterior frame is on the upper half of the back wall, where a sleeping porch was enclosed at some point in history. *Floors - The units have a mix of historic hardwood and vinyl plank *Cooling: The front units do have a central AC & heat pump (which are less than three years old and under warranty). The back bedrooms also have window units as well, but the primary AC is central cooling.
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Additional Information
- Elementary School
- Phoenix Prep Academy
- High School
- Trevor Browne High School
- Middle School
- Phoenix Prep Academy
- School District
- Phoenix Union High School District
- Acres
- 0.14
- Architecture
- Ranch
- Assoc Fee Includes
- Electricity, Cable TV, Roof Replacement
- Builder Name
- Unknown
- Community Features
- Historic District, Coin-Op Laundry
- Construction
- Brick Veneer, Stucco, Painted, Block
- Cooling
- Central Air, Window/Wall Unit
- Exterior Features
- Storage
- Fencing
- Chain Link
- Fireplace
- None
- Flooring
- Vinyl
- Heating
- Natural Gas
- Laundry
- Other, See Remarks
- Living Area
- 2,198
- Lot Size
- 6,250
- New Financing
- Cash, Conventional, 1031 Exchange, FHA
- Lot Features
- Alley, Desert Back, Desert Front
- Roofing
- Composition
- Sewer
- Public Sewer
- Spa
- None
- Stories
- 2
- Style
- Ranch
- Subdivision
- Woodland Place
- Taxes
- $1,157
- Tax Year
- 2024
- Water
- City Water
Courtesy of Jason Mitchell Real Estate. 480-522-1030 Selling Office: Non-MLS Office.
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