2608 W PIERSON Street, Phoenix, AZ 85017
$860,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$860,000
Last Modified:
6/30/2025
Description
2608 W Pierson St is a renovated 4-unit multifamily community located in Phoenix, AZ. Originally built in 1961, the property sits just minutes from Grand Canyon University and consists of (4) remodeled 1-bedroom units. Previous renovations completed in 2023 include new landscaping and fencing, exterior paint, windows, stainless steel appliances, vinyl flooring, and white shaker cabinetry. Future ownership will have the opportunity to acquire a well-performing asset requiring minimal ongoing maintenance costs.
Situated within close proximity to Grand Canyon University, one of Phoenix's largest private universities with over 100,000 students (online + on-campus), 2608 W Pierson benefits from strong rental demand driven by students, faculty, and young professionals.
More Information MLS# 6886804
Contract Info
Current Price: $860,000
List Price: $860,000
Status: Active
List Date: 2025-06-30
Ownership: Fee Simple
Location Tax Legal
House Number: 2608
Compass: W
Street Name: PIERSON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 3681
County Code: Maricopa
Subdivision: ALTRO TERRACE
Assessor Number: 154-04-017-A
Tax Year: 2024
General Property Description
Lot Size Dimensions: 62.45 X 131.27
Year Built: 1961
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 1
Zoning: R-3
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Geo Lat: 33.507911
Geo Lon: -112.115238
Legal Info
Township: 2N
Range: 2E
Section: 24
Lot Number: 17
Income Expenses
Gross Annual Sch Inc: 73008
Net Operating Income: 51422
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1488
Avg SqFt: 575
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building; Personal Property
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; Microwave
Cooling: Heat Pump; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: On Street; <1 Space Per Unit
Owner Pays: Water; Electric; Trash Collection
Tenant Pays: Electricity; Other (See Remarks)
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: Matthews Real Estate Investment Services
Last Updated: June - 30 - 2025
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