1318 W MONROE Street, Phoenix, AZ 85007
$507,750
Property Type:
Residential
Bedrooms:
3
Baths:
3
Square Footage:
2,198
Lot Size (sq. ft.):
6,250
Status:
Closed
Current Price:
$507,750
List Date:
10/21/2024
Last Modified:
7/08/2025
Description
Amazing opportunity for an investor. 3 dwellings, 2 of which have month to month leases and one with a lease terming soon. The main house has two 2/1 units, the unit in back is a 1/1. The unit shown is the mirror to the other half of the duplex. The third unit is on the back of the property. Easy to rent, awesome historic downtown Phoenix location. Reach out for details on how you can make this wise investment happen for you.
Supplements: Unit 1 has a lease that expires June 30th of 2025. The other two are month to month. (Additional Listing Info) *Monthly Rental income: Listed as $3950, or $4050, depending on what you consider to be the unit 3 rent based on this passage of the lease. *Construction: the building is mostly stucco over brick. The only exterior frame is on the upper half of the back wall, where a sleeping porch was enclosed at some point in history. *Floors - The units have a mix of historic hardwood and vinyl plank *Cooling: The front units do have a central AC & heat pump (which are less than three years old and under warranty). The back bedrooms also have window units as well, but the primary AC is central cooling.
More Information MLS# 6773552
Contract Information
Sold Price: $507,750
Status: Closed
Current Price: $507,750
List Date: 2024-10-14
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 1318
Compass: W
Street Name: MONROE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2733
County Code: Maricopa
Assessor Number: 112-03-066
Subdivision: WOODLAND PLACE
Tax Year: 2024
General Property Description
Dwelling Type: Gemini/Twin Home
Dwelling Styles: Detached
Exterior Stories: 2
# of Interior Levels: 2
# Bedrooms: 3
# Bathrooms: 3
Approx SQFT: 2198
Price/SqFt: 231
Horses: N
Builder Name: Unknown
Year Built: 1914
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 6250
Approx Lot Acres: 0.143
Community Pool Y/N: No
Private Pool Y/N: No
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: Trevor Browne High School
Remarks Misc
Cross Street: 7TH AVE & VAN BUREN
Directions: VANBUREN WEST TO 13TH AVENUE, SOUTH TO MONROE
Geo Lat: 33.450407
Geo Lon: -112.090145
Status Change Info
Off Market Date: 2024-12-19
Under Contract Date: 2024-11-24
Close of Escrow Date: 2024-12-27
Sold Price: $507,750
Legal Info
Township: 1N
Range: 3E
Section: 7
Lot Number: 20
Basement
Basement Y/N: N
Parking Spaces
Slab Parking Spaces: 1
Showing Notification Methods
Showing Service: Aligned Showings
Sold Info
Loan Type: Conventional
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Special Listing Cond: N/A
Architecture: Ranch
Master Bathroom: 3/4 Bath Master Bdrm
Master Bedroom: Upstairs; Downstairs
Additional Bedroom: Separate Bedroom Exit
Fireplace Features: No Fireplace
Flooring: Vinyl
Pool Features: No Pool
Spa: None
Community Features: Coin-Op Laundry; Historic District
Dining Area: Eat-in Kitchen
Kitchen Features: Dishwasher; Refrigerator
Laundry: Washer Included; Dryer Included; Other; See Remarks
Other Rooms: Guest Qtrs-Sep Entrn
Technology: 3+ Exist Tele Lines; Cable TV Avail; High Speed Internet
Exterior Features: Covered Patio(s); Separate Guest House; Storage
Construction: Block
Const - Finish: Painted; Stucco; Brick Veneer
Roofing: Composition
Cooling: Central Air; Window/Wall Unit
Heating: Natural Gas
Utilities: APS; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Chain Link
Property Description: North/South Exposure; Alley
Landscaping: Desert Front; Desert Back
Lockbox Type: None
Possession: By Agreement; Close of Escrow
Association Fee Incl: Roof Replacement; Electricity; Cable or Satellite
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Trms: Non Assumable
New Financing: Cash; FHA; Conventional; 1031 Exchange
Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office: Jason Mitchell Real Estate
Last Updated: July - 08 - 2025
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