2924 E MONROE Street, Phoenix, AZ 85034
$590,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$590,000
Last Modified:
5/21/2025
Description
Property Must Be Sold With 2928 E Monroe Street!!! Seller's preference is to Sell with 2930 E Monroe Street as well!
The (2) properties are Single Family Homes with Additional Dwelling Units. In total there are (4) units featuring (1) 1-Bed / 1-Bath & (3) 2-Bed / 1-Bath. All units are individually metered for electricity, owner pays Water, Sewer & Trash. The average in-place rent is $1,202 with all leases being on month-to-month basis. The purchaser has the ability to continue to cash-flow or do more extensive interior and exterior upgrades.
The property is centrally located and situated minutes from Downtown Phoenix, Sky Harbor and provides immediate access to major highways, public transportation, and the city's growing business and entertainment districts.
More Information MLS# 6823823
Contract Info
Current Price: $590,000
Sold Price: $590,000
Status: Closed
List Date: 2025-02-20
Ownership: Fee Simple
Location Tax Legal
House Number: 2924
Compass: E
Street Name: MONROE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85034
Zip4: 1512
Country: US
County Code: Maricopa
Subdivision: EL MOLINO PLACE
Assessor Number: 121-65-012
Tax Year: 2024
General Property Description
Lot Size Dimensions: 100ft x 150ft
Year Built: 1983
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: 4
Zoning: R-5
Elementary School District: Wilson Elementary District
High School District: Phoenix Union High School District
Jr. High School: Wilson Elementary School
Remarks Misc
Geo Lat: 33.45056
Geo Lon: -112.018224
Status Change Info
Status Change Date: 2025-05-21
Off Market Date: 2025-04-25
Under Contract Date: 2025-04-25
Close of Escrow Date: 2025-05-20
Sold Price: $590,000
Legal Info
Township: 1N
Range: 3E
Section: 11
Lot Number: 12
Income Expenses
Gross Annual Sch Inc: 59760
Net Operating Income: 44534
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1100
Avg SqFt: 532
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1236
Avg SqFt: 787
# Baths: 1
Sold Info
Loan Type: FHA
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile; Other
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Partially Fenced; Patio/Balcony
Appliances Included: Built-In Range; Free-Standing Range; Refrigerator; Microwave; W/D Hookup; Other
Heating: Individual; Other
Cooling: Individual; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: Other (See Remarks)
Parking Features: On Street; >1 Space Per Unit; Other
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call; No Notification Required to Show
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: May - 21 - 2025
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