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
1420 E BROWN Street, Phoenix, AZ 85020- MLS# 6474344
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