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Sold on 08/04/2020
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1621 E Wood St, Phoenix, AZ 85040

$325,000

Last sold 08/04/2020 after 207 Days

  • 9

    bed

  • 6

    bath

Multi-family not for sale
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About 1621 E Wood St

Property type Multi-family
Neighborhood
Year built 1985
HOA fee $0/month
Property description
Fantastic investment opportunity selling at an 8 CAP. Owner is moving out of state and cannot manage anymore. Triplex with 3-bedrooms in each unit! 2 units have 2 bathrooms and 1 unit has 1 bathroom. Excellent condition and fully rented. Completely renovated with fresh paint, gorgeous tile with accents, newer appliances and fixtures. The tenants love these units.
Listed by
Listing Agent - Michael Hatch
Listing Office - Realty ONE Group
Source: ARMLS mls logo
MLS#6022284 • last updated 8 months ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Evaporative Cooling
Heating Electric
MLS # 6022284
Type Multiple Dwellings
Status Closed
Property Tax 613
Year Built 1985
Interior
Flooring Carpet, Ceramic Tile, Concrete
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Wood Frame, Siding, Painted
Parking >1 Space Per Unit, 1 Space/Unit
# of Open Parking Spaces 6
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision Triplex
Community Features Other, See Remarks
Elementary School Percy L Julian School
Elementary School District Roosevelt Elementary District
High School District Phoenix Union High School District
High School South Mountain High School
APN 122-39-016-D
Zoning R-5
Directions 16th & Broadway North To Wood Street, East To Property
Multifamily Details
Total # of Units 3
Expense: Operating 613
Financial Data Source Projected Proforma
Net Operating Income 26020.08
Gross Income 31680
Gross Scheduled Income 31680
Lot/ Land Details
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Aug 2020
    mls logo MLS # 6022284
  • Aug 4, 2020 Sold
    $325,000
  • Jan 10, 2020 Listed
    $335,000 (+112.0%)
  • Aug 2020
    Public Records
  • Aug 3, 2020 Sold
    $325,000 (-3.0%)
  • Jan 2004
    Public Records
  • Jan 7, 2004 Sold
    $158,000
  • Year Property taxes Tax assessment
  • 2024
    $660 +2.9%
    $43,160 -14.37%
  • 2023
    $641 +2.0%
    $50,400 +19.91%
  • 2022
    $628 -2.0%
    $42,030 +56.77%
  • 2021
    $641 +1.3%
    $26,810 +22.25%
  • 2020
    $633 +3.3%
    $21,930 +23.69%
  • 2019
    $613 +2.7%
    $17,730 +29.8%
  • 2018
    $596 +4.9%
    $13,660 +26.25%
  • 2017
    $569 +5.2%
    $10,820 -10.58%
  • 2016
    $541 +6.2%
    $12,100
  • 2015
    $509
    —
  • 1621 E Wood St
    $325K
  • South Mountain
    $444K +3% y/y
  • 85040
    $360K +4% y/y
  • Phoenix
    $464K 0% y/y
No chart available
Statistics calculated by Movoto

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1/10
Percy L Julian School
public Grades 4-8
Roosevelt Elementary District
2/10
South Mountain 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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