2903 E WIER Avenue, Phoenix, AZ 85040
$484,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$484,000
Last Modified:
5/08/2025
Description
Fantastic investment opportunity with this triplex property! Convenient location near freeway, shopping and dining. This property has 3 spacious units thoughtfully designed to offer comfortable living spaces. Each unit features 2 generously sized bedrooms, 1 bathroom, a versatile kitchen equipped with essential appliances and a living room perfect for unwinding after a long day. On the outside, discover sufficient parking space.
More Information MLS# 6587498
Contract Info
Current Price: $484,000
Sold Price: $484,000
Status: Closed
List Date: 2023-08-02
Ownership: Fee Simple
Location Tax Legal
House Number: 2903
Compass: E
Street Name: WIER
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 0755
Country: US
County Code: Maricopa
Subdivision: WIER ESTATES LOTS 11-32, 53-74
Assessor Number: 122-61-011-A
Tax Year: 2022
General Property Description
Lot Size Dimensions: IRR
Year Built: 1984
Uncvrd Parking Spcs: 5
Total # of Units: 3
# of Buildings: 1
Zoning: R-3
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Percy L Julian School
Jr. High School: Phoenix Coding Academy
High School: South Mountain High School
Remarks Misc
Cross Street: 32nd St & Broadway Rd
Directions: South on 32nd St, right on Wier Ave. Property will be on the left.
Geo Lat: 33.403081
Geo Lon: -112.017966
Status Change Info
Status Change Date: 2023-12-22
Off Market Date: 2023-12-18
Under Contract Date: 2023-11-22
Close of Escrow Date: 2023-12-22
Sold Price: $484,000
Legal Info
Township: 1N
Range: 3E
Section: 26
Lot Number: 8
Income Expenses
Gross Annual Sch Inc: 43200
Net Operating Income: 35200
1 Bedroom Units
Avg Rent: 885
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1095
Avg SqFt: 720
# Baths: 1
3 Bedrooms Units
Avg Rent: 1145
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 8000
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Disposal
Cooling: Evaporative Cooling
Water Source: City Franchise
Sewer: Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking Features: 1 Space/Unit; Free; Paved
Owner Pays: Water
Tenant Pays: Sewer; Electricity; Trash Collection
Source of Fincl Data: Unknown
Lockbox Type: Supra
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
New Financing: Conventional
Environmental: None
Listing Office: AZ Flat Fee
Last Updated: May - 08 - 2025
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