1145 W SHERMAN Street, Phoenix, AZ 85007
$390,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$390,000
List Date:
8/14/2024
Last Modified:
8/01/2025
Description
Duplex each unit has 2 bedrooms, 1 bath & 1 carport All tile flooring. Each unit has fended backyard. One unit has washer and dryer. NO HOA. Property is zoned R-3 and per city of Phoenix 2 more units can be built for added income.
Newer build for the area and both AC units are two years old. Roof was replaced last year. Buyer has an Potential to significantly increase rents with section 8 tenants. Both units currently rented. Close to downtown, Capitol complex freeways.
More Information MLS# 6743518
Contract Info
Current Price: $390,000
Sold Price: $390,000
Status: Closed
List Date: 2024-08-12
Ownership: Fee Simple
Location Tax Legal
House Number: 1145
Compass: W
Street Name: SHERMAN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 3880
County Code: Maricopa
Subdivision: IRVINES ADDITION BLOCKS 19-22 & 27-28
Assessor Number: 112-15-023
Tax Year: 2023
General Property Description
Lot Size Dimensions: 50x150
Year Built: 2007
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: 1
Zoning: R-3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Paul Dunbar Lawrence School
Jr. High School: Magnet Traditional School
High School: Central High School
Remarks Misc
Cross Street: 15th Ave and Grant St
Directions: E to 13th Ave, South to Sherman, property is on the SE corner
Geo Lat: 33.439543
Geo Lon: -112.088935
Status Change Info
Off Market Date: 2024-12-04
Under Contract Date: 2024-12-01
Close of Escrow Date: 2024-12-31
Sold Price: $390,000
Legal Info
Township: 1N
Range: 3E
Section: 7
Block: 19
Lot Number: 23
Income Expenses
Gross Annual Sch Inc: 27000
Net Operating Income: 26460
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 897
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Duplex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; 1 Space/Unit; Add'l Parking Avail
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV; Landscaping
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Assume - Qualify
New Financing: Cash; FHA; Conventional
Environmental: None
Listing Office: AZ Brokerage Holdings, LLC
Last Updated: August - 01 - 2025
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