2704 E SOUTHGATE Avenue, Phoenix, AZ 85040
$625,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$625,000
List Date:
4/23/2025
Last Modified:
8/27/2025
Description
A fantastic investment opportunity! Duplex built in 2006, split-face block construction, concrete driveway & parking pad, 4 vehicle steel carport provides a 2 covered parking spaces for each unit, 6.13% CAP rate providing an attractive return of investment. Each unit feature a 3 bedrooms, 2 bathrooms, separate electric meters. Recent updates in 2023 include new roof, fully remodeled bathrooms with walk-in showers & frameless glass, tile flooring throughout, new kitchen appliances, granite countertops, indoor laundry room-features sure to attract tenants. Additionally, the duplex boasts private front & backyard, which is a huge plus. Its prime location, just minutes to sky harbor airport & downtown phoenix makes it highly desirable for tenants seeking, convenience. Don't miss this one!!
More Information MLS# 6848547
Contract Info
Current Price: $625,000
List Price: $625,000
Status: Active
List Date: 2025-04-09
Ownership: Fee Simple
Location Tax Legal
House Number: 2704
Compass: E
Street Name: SOUTHGATE
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1573
County Code: Maricopa
Subdivision: PEILA HOMES LOTS 39-79, 103-126
Assessor Number: 122-20-141
Tax Year: 2024
General Property Description
Lot Size Dimensions: 134.12X95.10
Year Built: 2006
Total # of Units: 2
# of Buildings: 1
Zoning: R-3
Flood Zone: No
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Percy L Julian School
Jr. High School: Percy L Julian School
High School: South Mountain High School
Remarks Misc
Cross Street: 24th St. & Broadway
Directions: North on 24th St. East (R) on Jones Ave. South (R) on 25th St. then follow east on Southgate to property.
Geo Lat: 33.41001
Geo Lon: -112.02366
Legal Info
Township: 1N
Range: 3E
Section: 23
Lot Number: 119
Income Expenses
Gross Annual Sch Inc: 43080
Net Operating Income: 38917
Showing Notification Methods
Showing Service: No Showing Service Used
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1795
Avg SqFt: 1200
# Baths: 2
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building; Other (See Remarks)
Community Features: No Pool; Play Area; Other
Exterior Amenities: Desert Landscaping; Fenced; Security Light(s); Other (See Remarks)
Interior Amenities: Unfurnished; Mini Blinds; Other (See Remarks)
Appliances Included: Refrigerator; Dishwasher; Disposal; Washer/Dryer
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; >1 Space Per Unit; Other; See Remarks
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV; Landscaping
Source of Fincl Data: Owner
Special: Accept Backups (CLO)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional
Environmental: None
Documents
Investor DSCR Loan ›Listing Office: 1912 Realty
Last Updated: August - 27 - 2025
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