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Sold on 11/25/2020
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1241 E Mckinley St, Phoenix, AZ 85006

$604,000

Last sold 11/25/2020 for $325K

  • 2

    bed

  • 1

    bath

Multi-family not for sale
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About 1241 E Mckinley St

Property type Multi-family
Neighborhood
Year built 1965
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
Terrific FIX-UP investor opportunity in the desirable Garfield Historic District. This developing neighborhood near downtown Phoenix provides sampling of unique architectural styles and in-town conveniences. The property offers four rental units with 2BR main house and 3 x studio units in the back. The 3 units are occupied by Month 2 Month tenants. There is a tremendous upside potential with current rents are below market, and the 2 bedroom house (unit #1) is currently vacant and with some needed for TLC could rent for a premium price. This property is primed for an experienced new owner who will take it to the next level. NOTES: DO NOT DISTURB TENANTS. SHOWING AFTER CONTRACT ACCEPTANCE. CASH OFFERS ONLY. PROPERTY IS SOLD ''AS-IS''.
Listed by
Listing Agent - Dan Gonen
Listing Office - RE/MAX Excalibur
Source: ARMLS mls logo
MLS#6119700 • last updated 1 year ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Central Air, Window/Wall Unit, Electric, 2 Or More Units
Heating Natural Gas
MLS # 6119700
Type Multiple Dwellings
Status Closed
Property Tax 1042
Year Built 1965
Interior
Flooring Vinyl
Appliances Washer/Dryer
Exterior
Roof Composition, Rolled/Hot Mop
Construction Wood Frame, Painted, Block
Parking Paved
# of Open Parking Spaces 3
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision ERHARTS SUB
Community Features No Pool
Elementary School Garfield School
Elementary School District Phoenix Elementary District
Middle School Garfield School
High School District Phoenix Union High School District
High School North High School
APN 116-24-038
Zoning R-3
Directions West On Roosevelt St. To 13th Street. South On 13th St. To McKinley St. West To The Second Property On The Left. NOTE: Please Done Disturb Tenants!!!
Multifamily Details
Total # of Units 4
Expense: Operating 1042
Financial Data Source Unknown
$604K
Range: $410K-$797K
Last 30 days 
Rental est.: $1,029/month
Gross rent multiplier: 26.3
  • Jun 2024
    mls logo MLS # 6683188
  • Jun 13, 2024 Sold
    $950,000 (-4.5%)
  • May 6, 2024 Pending
    —
  • Mar 27, 2024 Listed
    $995,000 (+206.2%)
  • Nov 2020
    mls logo MLS # 6119700
  • Nov 24, 2020 Sold
    $325,000 (-15.6%)
  • Nov 20, 2020 Pending
    —
  • Nov 12, 2020 Price Change
    $385,000 (-7.2%)
  • Oct 19, 2020 Price Change
    $415,000 (-2.4%)
  • Sep 21, 2020 Price Change
    $425,000 (-5.3%)
  • Aug 31, 2020 Price Change
    $449,000 (-5.5%)
  • Aug 19, 2020 Listed
    $475,000
  • Year Property taxes Tax assessment
  • 2024
    $1,087 +1.0%
    $64,220
  • 2023
    $1,077 +3.7%
    $64,220 +61.07%
  • 2022
    $1,038 +0.8%
    $39,870 +55.92%
  • 2021
    $1,030 -1.1%
    $25,570 +25.16%
  • 2020
    $1,042 +0.2%
    $20,430 +16.88%
  • 2019
    $1,041 +1.7%
    $17,480 +18.03%
  • 2018
    $1,023
    $14,810
  • 1241 E Mckinley St
    $325K
  • Garfield
    $479K +1% y/y
  • 85006
    $495K 0% y/y
  • Phoenix
    $455K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Garfield School
public Grades PK, K-8
Phoenix Elementary District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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