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Sold on 07/18/2020

1322 E Madison St, Phoenix, AZ 85034

  • $340,000

    Last sold 07/18/2020 after 109 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 1322 E Madison St

Property type Multi-family
Neighborhood
Year built 1985
HOA fee $0/month
Property description
This is a great opportunity to own a fourplex with two buildings in super redeveloping area. All units are 2 bed /1 bath with long term tenants. Current rents are well below market allowing lots of upside potential. Conveniently located near many businesses, a block from light rail stop and short walk to Chase Field. This will be a money maker.
Listed by
Listing Agent - Kevin S Kludy
Listing Office - Wealth Builder Real Estate Services
Source: ARMLS mls logo
MLS#6059517 • last updated 3 years ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 6059517
Type Multiple Dwellings
Status Closed
Property Tax 1245
Year Built 1985
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco
Parking Free, >1 Space Per Unit
# of Open Parking Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision COLLINS PHOENIX BLKS 23-26, 17, 27
Community Features Other, See Remarks
Elementary School Garfield School
Middle School Garfield School
High School District Phoenix Union High School District
High School North High School
APN 116-47-061
Zoning R-3
Directions South On 12th Street To Madison Then East To Property
Multifamily Details
Total # of Units 4
Expense: Operating 5605
Financial Data Source Owner
Expense: Insurance 1000
Net Operating Income 19075
Gross Income 24480
Expense: Water/Sewer 3360
Gross Scheduled Income 24480
We are not permitted to show value estimates for this property.
  • Jul 2020
    mls logo MLS # 6059517
  • Jul 17, 2020 Sold
    $340,000
  • 1322 E Madison St
    $340K
  • Eastlake Park
    $374K -39% y/y
  • 85034
    $374K -11% y/y
  • Phoenix
    $474K -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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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85034
  • Eastlake Park
  • 1322 E Madison St
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