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Sold on 05/07/2016

2731 E Southgate Ave, Phoenix, AZ 85040

  • $419,000

    Last sold 05/07/2016 after 53 Days

  • 15

    bed

  • 4

    bath

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

About 2731 E Southgate Ave

Property type Multi-family
Neighborhood
Year built 2006
HOA fee $0/month
Property description
+9% Cap Rate! CASH FLOW! Turnkey property like having 4 single family homes. Five minutes from Sky Harbor and the Univ of Phx/ Apollo College campus, this property features two free standing duplexes (4 total units). Built in 2006, each unit is 1188 SqFt with its own 2 car garage and enclosed rear yard. Three of the units are configured with 4 bedrooms/ 2 baths while the fourth unit(owner occupied) has been remodeled for a owner or manager's apartment. It has 3 bedrooms (large MBR)/ 2 baths. All units feature tile through out ground floor and in bathrooms. The kitchens have all been upgraded and feature tile backsplashes refrigerators,dishwashers,disposal and sinks. All units have stackable washers and dryers. The grounds are well kept and a gazebo & Bar-b-q grill are in the common area.
Listed by
Listing Agent - Scott Bartlowe
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#5415421 • last updated 1 year ago
Movoto checked ARMLS for data 3 minutes ago
Overview
Cooling/AC Central Air, Ceiling Fan(s), Electric, Individual
Heating Individual, Central, Heat Pump, Electric
MLS # 5415421
Type Multiple Dwellings
Status Closed
Property Tax 1885
Year Built 2006
Interior
Flooring Carpet, Ceramic Tile
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco
Parking Free, Add'l Parking Avail, Garage Door Opener, Attached, >1 Space Per Unit, On Street
# of Open Parking Spaces 11
# of Covered Spaces 8
Amenities / Utilities
Water Source Individual Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision PEILA HOMES
Community Features Barbecue, No Pool
Elementary School Roosevelt Elementary 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 122-20-110
Zoning R-3
Directions North On 28th St From Broadway To Jones Ave. Turn Left (west) And Go One Block To Southgate Ave. Turn Left And Follow Southgate South Until It Curves; The Property Is On The Left.
Multifamily Details
Total # of Units 4
Expense: Operating 6965
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 1000
Vacancy Allowance 0.05
Expense: Insurance 2000
Net Operating Income 40344
Gross Income 47595
Expense: Electric 600
Expense: Other 400
Expense: Water/Sewer 780
Gross Scheduled Income 50100
Expense: Gardener 300
We are not permitted to show value estimates for this property.
  • Apr 2024
    Public Records
  • Apr 26, 2024 Sold
    $900,000 (+25.0%)
  • May 2020
    Public Records
  • May 29, 2020 Sold
    $720,000
  • May 2020
    mls logo MLS # 6075868
  • May 29, 2020 Sold
    $720,000 (+71.8%)
  • May 2016
    mls logo MLS # 5415421
  • May 7, 2016 Sold
    $419,000
  • Mar 15, 2016 Listed
    $419,000 (+54.6%)
  • May 2016
    Public Records
  • May 6, 2016 Sold
    $419,000
  • Jul 2008
    Public Records
  • Jul 31, 2008 Sold
    $271,000 (-48.9%)
  • Mar 2006
    Public Records
  • Mar 22, 2006 Sold
    $530,000
  • 2731 E Southgate Ave
    $419K
  • South Mountain
    $434K 0% y/y
  • 85040
    $380K +5% y/y
  • Phoenix
    $465K -3% 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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  • 2731 E Southgate Ave
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