1228 E VIRGINIA Avenue, Phoenix, AZ 85006
$400,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$400,000
Last Modified:
5/16/2025
Description
Back from sold. Both units rented by long time tenants. Ignore Cap Rate. Same owner for 20 years. Clean duplex with two 2-bedroom units, each with own 1 car garage. Rents are $200-$250/mo. under market value, owner didn't care. Also includes 20x30 brick storage building currently leased for $250/mo., could be $500/mo or possibly converted to another unit. Priced to sell quickly.
More Information MLS# 6112844
Contract Info
Current Price: $400,000
Sold Price: $400,000
Status: Closed
List Date: 2020-08-05
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: P34
House Number: 1228
Compass: E
Street Name: VIRGINIA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1151
Country: US
County Code: Maricopa
Subdivision: SOUTH COUNTRY CLUB MANOR
Assessor Number: 117-21-119
Tax Year: 2019
General Property Description
Lot Size Dimensions: 62.44' x 119.34'
Year Built: 1950
Total # of Units: 2
# of Buildings: 1
Zoning: Multifamily
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Phoenix Prep Academy
Jr. High School: Phoenix Prep Academy
High School: Phoenix Prep Academy
Remarks Misc
Cross Street: Thomas & 12th St
Directions: South on 12th St. to Virginia. East to property.
Geo Lat: 33.476832
Geo Lon: -112.05514
Status Change Info
Status Change Date: 2020-09-17
Off Market Date: 2020-09-17
Under Contract Date: 2020-08-20
Close of Escrow Date: 2020-09-17
Sold Price: $400,000
Legal Info
Township: 2N
Range: 3E
Section: 33
Block: 1
Lot Number: 120
Income Expenses
Gross Annual Sch Inc: 20700
Net Operating Income: 17732
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 737
Avg SqFt: 692
# Baths: 1
Contact Info
List Agent Home Phn: 602-803-0933
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession to Buyer: 10000
Seller Concession $/%: $
Property Features
Project Type: Duplex
Construction: Brick
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Fenced; Cable TV Available; Separate Storage
Interior Amenities: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer
Heating: Natural Gas; Individual; Central
Cooling: Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: Garage; 1 Space/Unit; Attached; Free
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry
Environmental: None
Listing Office: HomeSmart
Last Updated: May - 16 - 2025
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