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1420 E BROWN Street, Phoenix, AZ 85020
$804,000






Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$804,000
Last Modified:
6/18/2025
Description
Are you looking for a 6.5% CAP rate? Ask today about current and projected rents for this 4Plex. These kind of properties are hard to find. Nestled between beautiful mountains on a quiet col de sac street, you will find 4 upgraded two bed one bath units. Each unit has been remodeled with tile throughout and new cabinets. The landscaping around the property is very low maintenance and there are two assigned parking spots per unit. Plenty of additional street parking as well. This location offers one of the most sought after high schools in Phoenix, Sunnyslope High. Many people move in to this district for the school alone. North Phoenix. There is one long term lease in place, one vacant unit and 2 expiring leases. Capitalize on this rare opportunity. Call now!
More Information MLS# 6474344
Contract Info
Current Price: $804,000
Sold Price: $804,000
Status: Closed
List Date: 2022-10-07
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: M34
House Number: 1420
Compass: E
Street Name: BROWN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 1886
County Code: Maricopa
Subdivision: MOUNTAIN HOME TRACT LOTS 1 THRU 4 15 16 25 THRU 32
Assessor Number: 159-29-007-C
Tax Year: 2022
General Property Description
Lot Size Dimensions: 10747
Year Built: 1985
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 1
Zoning: R-3
Flood Zone: No
Elementary School District: Phoenix Elementary District
Elementary School: Sunridge Elementary School
High School: Sunnyslope High School
Remarks Misc
Cross Street: Peoria Ave./Cave Creek Rd.
Geo Lat: 33.577863
Geo Lon: -112.051259
Status Change Info
Off Market Date: 2023-03-21
Under Contract Date: 2023-02-18
Close of Escrow Date: 2023-03-29
Sold Price: $804,000
Legal Info
Township: 3N
Range: 3E
Section: 28
Lot Number: 19
Income Expenses
Gross Annual Sch Inc: 5600
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 750
Avg SqFt: 840
# Baths: 4
Contact Info
List Agent Home Phn: 623-203-2850
Sold Info
Loan Type: Cash
Payment Type: Fixed
Closing Cost Split: Buyer - B
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Cable TV Available
Interior Amenities: Unfurnished
Appliances Included: Free-Standing Range; Disposal; Washer/Dryer
Heating: Heat Pump
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: On Street; >1 Space Per Unit
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
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 Trms: Not Applicable
New Financing: Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: 1912 Realty
Last Updated: June - 18 - 2025

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