1305 E MADISON Street, Phoenix, AZ 85034
$1,399,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,399,000
Last Modified:
5/05/2025
Description
Brand new construction. All units are 2 bedroom 2 bath/ High end finishes throughout. This is a perfect turnkey property that is the first in a growing area.
Tremendous upside investment. The property is near the light rail into downtown and to the airport.
More Information MLS# 6802310
Contract Info
Current Price: $1,399,000
List Price: $1,399,000
Status: Active
List Date: 2025-01-09
Ownership: Fee Simple
Location Tax Legal
House Number: 1305
Compass: E
Street Name: MADISON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85034
Zip4: 2320
Country: US
County Code: Maricopa
Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
Assessor Number: 116-49-029
Tax Year: 2024
General Property Description
Lot Size Dimensions: 7000 sq feet
Year Built: 2025
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 2
Zoning: R-3
Flood Zone: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Garfield School
High School: North High School
Remarks Misc
Cross Street: Madison and 13th St.
Directions: Take Jefferson to 13th St. Go south on 13th St. Turn Left on Madison Property is second lot on the right
Geo Lat: 33.445866
Geo Lon: -112.053888
Status Change Info
Status Change Date: 2025-03-26
Legal Info
Township: 1N
Range: 3E
Section: 9
Lot Number: 11
Income Expenses
Gross Annual Sch Inc: 95880
Net Operating Income: 90860
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1998
Avg SqFt: 941
# Baths: 2
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco; Stone
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Partially Fenced
Interior Amenities: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup
Cooling: Ceiling Fan(s)
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Paved
Owner Pays: None
Tenant Pays: None
Source of Fincl Data: Other (See Remarks)
Lockbox Type: Supra (ARMLS)
New Financing: Cash; Conventional; 1031 Exchange
Environmental: Phase I Available
Listing Office: West USA Realty
Last Updated: May - 05 - 2025
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