1005 E Moreland St, Phoenix, AZ 85006

Live in the main home while collecting $2,190/month in rental income from two tenant-occupied guest houses! Located in the heart of the Garfield Historic District, offers historic charm, flexible living and built-in income just minutes from Downtown Phoenix. The main residence features 2 bedrooms & 2 bathrooms with new flooring, new windows, remodeled bathrooms, & fresh interior & exterior paint. Unit 2 rents for $1,295/month with a lease through March 31, 2027, and Unit 3 rents for $895/month with a lease through July 31, 2027. A rare opportunity to enjoy a move-in-ready home while rental income helps offset your monthly housing costs. Ideal for an owner occupant, investor, or anyone looking for additional income potential in one of Downtown Phx's most established historic neighborhoods. Adding even more value are two separate casitas, both currently rented, offering immediate income potential for an owner looking to help offset their mortgage. The layout also makes the property an excellent option for multigenerational living, extended family, guests, home offices, or a buyer looking for multiple flexible living spaces on one property. Garfield is one of Downtown Phoenix's most recognizable historic neighborhoods, known for its character, tree-lined streets, unique architecture, and convenient central location. Enjoy quick access to Roosevelt Row, Downtown Phoenix dining and entertainment, sporting events, arts and culture, Banner University Medical Center, major freeways, and Phoenix Sky Harbor International Airport. Whether you're looking for a historic primary residence with supplemental income, a multigenerational setup, or simply a unique property with flexibility that's increasingly hard to find in Central Phoenix, this home offers a compelling combination of location, updates, and opportunity.