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Michelle Quackenbush

azbrokeronline@gmail.com +1(602) 999-2627

$ 499,000

Est. payment -/mo

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Price Dropped by $40K

2002 W JEFFERSON Street Phoenix, AZ 85009

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Capitol Addition

MLS Listing ID 7039118

Maintenance Fees $4,000

Year Built 1935

Annual Tax Amount $906

Tax Year 2025

Lot Dimensions 7000

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Rare opportunity to acquire a fully occupied 5 Unit income-producing property consisting of three separate freestanding buildings on one parcel in the rapidly improving Central Phoenix corridor. This property features a diverse unit mix, extensive recent renovations, and long-term tenants paying premium rents.

Current Gross Income: $76,560 ($6,380/Mo)
Cap Rate: 11+%

2023 Renovations: New flooring, Updated plumbing, Sewer improvements, Interior paint, Exterior paint, Bathroom remodels, Kitchen upgrades.
2025 Improvements: New electrical wiring, New electrical panels with green tags, new addition/extension.

Location

State AZ

County Maricopa

Community Capitol Addition

Area Maricopa

Zoning R-3

Interior

Heating See Remarks

Cooling See Remarks

Flooring Other

Appliance See Remarks

Exterior

Parking Features Add'l Parking Avail, On Street

Community Features No Pool

Roof Type Other

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 109-49-120

Acceptable Financing No Carry, Conventional, 1031 Exchange

Disclosures None

Listing Terms No Carry, Conventional, 1031 Exchange

Listed by Compass • Zachary Coty

Nearby School & Business

Michelle Quackenbush

Agent

+1(602) 999-2627

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