Phoenix, AZ 85007,1318 W MONROE Street
Phoenix, AZ 85007,1318 W MONROE Street
Phoenix, AZ 85007,1318 W MONROE Street
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1318 W MONROE Street Phoenix, AZ 85007

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UPDATED:

10/24/2024 08:13 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Woodland Place

MLS Listing ID 6773547

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1914

Annual Tax Amount $1,157

Tax Year 2024

Lot Dimensions 50 x 125 approximately

Property Description

Amazing opportunity for an investor or owner occupant. 3 dwellings, all rented with month to month tenants. The unit shown is the mirror to the other half of the duplex. The third unit is on the back of the property. Easy to rent, awesome historic downtown Phoenix location. Reach out for details on how you can make this wise investment happen for you. Unit 1 has a lease that expires June 30th of 2025. The other two are month to month.
(Additional Listing Info)
*Monthly Rental income: Listed as $3950, or $4050, depending on what you consider to be the unit 3 rent based on this passage of the lease.
*Construction: the building is mostly stucco over brick. The only exterior frame is on the upper half of the back wall, where a sleeping porch was enclosed at some point in history.
*Floors - The units have a mix of historic hardwood and vinyl plank
*Cooling: The front units do have a central AC & heat pump (which are less than three years old and under warranty). The back bedrooms also have window units as well, but the primary AC is central cooling.

Location

State AZ

County Maricopa

Community Woodland Place

Zoning R5

Interior

Heating Electric

Cooling 2 or More Units, Central A/C, Heat Pump, Electric, Wall/Window Unit(s)

Flooring Vinyl

Appliance BI Oven/Range, F/S Oven/Range, Washer/Dryer

Exterior

Garage None, Street Parking

Community Features No Pool

Waterfront No

Roof Type Composition

Parking Type None, Street Parking

Building

Sewer Public Sewer

Water City Franchise

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 112-03-066

Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Conventional, 1031 Exchange, FHA, VA Loan


Arizona Regional MLS (ARMLS)
Listed by Jason Mitchell Real Estate

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Samuel Luke White

REALTOR

+1(602) 696-1231

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1318 W MONROE Street