734 & 740 E MARYLAND Avenue, Phoenix, AZ 85014
$1,200,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,200,000
Last Modified:
8/01/2025
Description
This listing contains two parcels, 734 & 740 E Maryland. There is a total of 6 units including 5 x 1 bed and 1 bath and there is 1 x 2 bedroom and 1 bath. Flood irrigated lot surrounded by mature trees. Exterior of the smaller units is all sandblasted.
Due to each parcel being under 4 units residential financing or commerical financing is available.
More Information MLS# 6881015
Contract Info
Current Price: $1,200,000
Sold Price: $1,200,000
Status: Closed
List Date: 2025-06-16
Ownership: Fee Simple
Location Tax Legal
House Number: 734 & 740
Compass: E
Street Name: MARYLAND
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 1519
County Code: Maricopa
Subdivision: EAST ORANGEWOOD LOT 15, 16, 19, 20, 23-25
Assessor Number: 161-05-045
Tax Year: 2024
General Property Description
Lot Size Dimensions: 21349
Year Built: 2002
Uncvrd Parking Spcs: 2
Total # of Units: 6
# of Buildings: 3
Zoning: R-4
Flood Zone: No
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison Richard Simis School
Jr. High School: Madison Meadows School
High School: North High School
Remarks Misc
Cross Street: 7th St and Maryland
Directions: North on 7th St, go West on Maryland and its the two parcels on left.
Geo Lat: 33.531315
Geo Lon: -112.063498
Status Change Info
Off Market Date: 2025-06-23
Under Contract Date: 2025-06-23
Close of Escrow Date: 2025-07-31
Sold Price: $1,200,000
Legal Info
Township: 2N
Range: 3E
Section: 9
Lot Number: 24
Income Expenses
Gross Annual Sch Inc: 82000
Net Operating Income: 47000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 5
Avg Rent: 1175
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1699
Avg SqFt: 1640
# Baths: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Duplex; Four Plex; 5 - 12 Units
Other Type: House + Rental Units; Packaged Offering
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco; Stone; Other (See Remarks)
Roofing: Composition
Floors: Concrete; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Green Landscaping
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Washer/Dryer
Heating: Individual
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas; Individual Meter
Parking Features: Carport
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Special: Owner/Agent
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
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; VA; Conventional; Owner May Carry; Wraparound; 1031 Exchange
Environmental: None
Listing Office: Gentry Real Estate
Last Updated: August - 01 - 2025
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