2612 W PIERSON Street, Phoenix, AZ 85017
$625,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$625,000
List Date:
7/08/2024
Last Modified:
5/24/2025
Description
Fully renovated Triplex! Brand new roof July 2024. All new sewer lines under the slab to the city connection! If you know multi-family in this age category, you know almost all need new sewer lines. Updated wiring. 2 of the 3 AC units are new! New water heaters, flooring, cabinets, doors. New windows (2'' faux wood blinds). Block walls and metal security gates. Stainless steel appliances convey with property. Stack washer/dryer in each unit (conveys with property). Private courtyard with picnic table and metal umbrella. Each unit has their own private back yard (block walls/metal gates with locks). Property next to it is most recent comparable. It just sold with fewer updates. See remarks about it. Great cash flow!
More Information MLS# 6728536
Contract Info
Current Price: $625,000
Sold Price: $625,000
Status: Closed
List Date: 2024-07-08
Ownership: Fee Simple
Location Tax Legal
House Number: 2612
Compass: W
Street Name: PIERSON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 3682
Country: US
County Code: Maricopa
Subdivision: ALTRO TERRACE
Assessor Number: 154-04-016
Tax Year: 2023
General Property Description
Lot Size Dimensions: .2 acre
Year Built: 1961
Uncvrd Parking Spcs: 3
Total # of Units: 3
# of Buildings: 1
Zoning: NA
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 27TH AND PIERSON
Directions: NEXT TO GCU 27TH AND PIERSON
Geo Lat: 33.507908
Geo Lon: -112.115447
Status Change Info
Status Change Date: 2024-08-10
Off Market Date: 2024-08-10
Under Contract Date: 2024-07-08
Close of Escrow Date: 2024-08-09
Sold Price: $625,000
Legal Info
Township: 2N
Range: 2E
Section: 24
Lot Number: 16
Income Expenses
Gross Annual Sch Inc: 40128
Net Operating Income: 35000
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 980
Avg SqFt: 625
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg SqFt: 1150
Sold Info
Loan Type: VA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 3
Seller Concession $/%: %
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Laundry Equipment
Community Features: No Pool
Appliances Included: Refrigerator; Washer/Dryer
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: 1 Space/Unit
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; VA; Conventional
Environmental: Other (See Remarks)
Listing Office: My Home Group Real Estate
Last Updated: May - 24 - 2025
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.