501 W MOHAVE Street, Phoenix, AZ 85003 (MLS# 6761108)

501 W MOHAVE Street, Phoenix, AZ 85003

$845,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $845,000 Last Modified: 8/01/2025

Description

This duplex has 2 units, both units have 5 bedrooms and 2.5 baths each. Both are rented with guaranteed $3,028.08 per unit (including tax) a month from the city of Phoenix with 1 year leases in place. Each unit has the primary bedroom downstairs along with the kitchen, family room and 1/2 bath. There are 4 bedrooms and a bathroom upstairs along with a walkout balcony that over looks downtown Phoenix. These are all new construction and come with a 1 year full builder warranty. Both units have a large 2 car carport and small private backyard as well, each unit is separately meter for water and electric both.

More Information MLS# 6761108

Contract Info

Current Price: $845,000 Sold Price: $845,000 Status: Closed List Date: 2024-09-23 Ownership: Fee Simple

Location Tax Legal

House Number: 501 Compass: W Street Name: MOHAVE St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85003 Zip4: 2745 County Code: Maricopa Subdivision: SAGUARO TRACT Assessor Number: 112-37-120 Tax Year: 571

General Property Description

Lot Size Dimensions: Rectangular Year Built: 2024 Uncvrd Parking Spcs: 8 Total # of Units: 2 # of Buildings: 1 Zoning: Multi Flood Zone: No Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District Elementary School: Silvestre S Herrera School Jr. High School: Silvestre S Herrera School High School: Central High School

Remarks Misc

Cross Street: 7th Ave & I17 freeway Directions: 7th ave to Mohave and east to the building Geo Lat: 33.43084 Geo Lon: -112.080693

Status Change Info

Off Market Date: 2024-10-07 Under Contract Date: 2024-10-03 Close of Escrow Date: 2024-11-16 Sold Price: $845,000

Legal Info

Township: 1N Range: 3E Section: 17 Block: 6 Lot Number: 1

Income Expenses

Gross Annual Sch Inc: 72673 Net Operating Income: 68150

Showing Notification Methods

Showing Service: No Showing Service Used

4 Bedrooms Units

# 4 Bedroom Units: 2 Avg Rent: 2950 Avg SqFt: 2200 # Baths: 25

Sold Info

Loan Type: Conventional Loan Years: 30 Payment Type: Fixed Closing Cost Split: Seller Assist - A Buyer Concession $/%: % Seller Concession to Buyer: 0.5 Seller Concession $/%: %

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Rolled Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony Interior Amenities: Unfurnished Appliances Included: Free-Standing Range; Dishwasher; Disposal; Microwave; W/D Hookup Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Electric; Individual; Central Air; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Carport; >1 Space Per Unit Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Trash Collection; Landscaping Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Private 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: VA; FHA; Conventional; No Carry; 1031 Exchange Environmental: Other (See Remarks)

Listing Office: AZ Brokerage Holdings, LLC

Last Updated: August - 01 - 2025