2916 E MONROE Street

Phoenix, AZ 85034
Beds
13
$995,000
9-unit multifamily investment opportunity in Phoenix, AZ. Built in 1946, the property spans two contiguous parcels (2916 and 2920 E. Monroe Street) and features a diverse unit mix: three studios, three one-bedrooms, two two-bedrooms, and one large three-bedroom unit over 1,000 SF. The asset offers stable current cash flow with… Read MoreRead Less
Courtesy of Matthews of Arizona 866-889-0550
Listing Snapshot
Days Online
1
Last Updated
Beds
13
Year Built
1944
MLS Number
7103349
Property Location Map
Additional Details
Property Access
Road Surface: Concrete, Asphalt
Appliances & Equipment
Built-In Range, Free-Standing Range, Refrigerator, Microwave
Building
Built in 1944, 6 buildings, Construction Materials: Wood Frame, Painted, Stucco
Community
No Pool
Cooling
Central Air, Varies by Unit
Disclosures
Other (See Remarks), None
Expenses
Insurance: $1,599, Maintenance: $6,313, Operating: $31,557, Water/Sewer: $22,088
Floors
Ceramic Tile
Heating
Varies by Unit, Heat Pump, Electric
Income
Gross Income: $114,060, Gross ScheduledIncome: $114,060, Net Operating Income: $80,990
Lot
Dimensions: 100 ft x 150 ft
Owner Pays
Trash Collection, Water, Sewer
Parking
15 open parking spaces, 15 total parking spaces, >1 Space Per Unit, On Street
Roof
Composition, Rolled/Hot Mop
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 121-65-018, Public Survey Range: 3E, Public Survey Section: 11, Annual Amount: $1,557, Tax Block: 1, Tax Book Number: 121.00, Legal Description: EL MOLINO PL, Lot: 16, Year: 2025, Zoning: R-5
Utilities
Water Source: City Franchise, APS, Individual Meter
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Leah Burr
REALTOR®
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