Movoto Real Estate

1947 E Raymond St, Phoenix, AZ 85040

$416,900
  • 4

    bed

  • 2

    bath

Multi-family active under contract 34 days

About 1947 E Raymond St

Property type Multi-family
Neighborhood
Year built 2020
HOA fee $0/month
Rental estimate
Property description
*AFFORDABLE DUPLEX PRICED THOUSANDS BELOW MARKET!* Excellent opportunity for an owner-occupant or investor. Each unit features **2 bedrooms, 2 baths and a private garage**. Both units are currently occupied on a month-to-month basis, providing flexibility for a buyer who wants to **live in one unit and rent the other--potentially reducing monthly housing costs substantially!** FHA, VA and down-payment-assistance buyers welcome. Investors benefit from existing rental income with a **6%+ estimated return** and tenants willing to extend their leases if desired. Property has been self-managed by the builder/seller. Some minor cosmetic updating and repairs would restore the property's shine and provide an opportunity to add value. Affordable multifamily ownership with income already in place.
Listed by
Listing Agent - Dean Selvey
Listing Office - RE/MAX Excalibur
Source: ARMLS mls logo
MLS#7074366 • last updated 2 weeks ago
Movoto checked ARMLS for data 9 minutes ago
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Overview
Cooling/AC Central Air, Ceiling Fan(s), Electric
Heating Central, Electric
MLS # 7074366
Type Multiple Dwellings
Status Active Under Contract
Property Tax 3491
Year Built 2020
Interior
Total # of Bathrooms 4
Total # of Bedrooms 4
Flooring Tile
Appliances Built-In Range, Disposal, Refrigerator, Built-In Electric Oven, Microwave, W/D Hookup
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco
Parking Attached Garage, 1 Space/Unit
# of Open Parking Spaces 4
# of Covered Spaces 2
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision PROGRESS PLACE
Community Features See Remarks
Elementary School Percy L Julian School
Elementary School District Roosevelt Elementary District
Middle School Percy L Julian School
High School District Phoenix Union High School District
High School South Mountain High School
APN 122-32-020-C
Zoning R3
Multifamily Details
Total # of Units 2
Expense: Operating 11293
Financial Data Source Owner, Books Shwn Accpt Ofr
Expense: Insurance 792
Net Operating Income 28198
Gross Income 36000
Expense: Other 3490
Expense: Professional Management 1800
Expense: Water/Sewer 1720
Gross Scheduled Income 36000
Lot/ Land Details
Road Surface Asphalt
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Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85040
  • South Mountain
  • 1947 E Raymond St

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