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Sold on 05/21/2025
  • Exterior
  • Other
  • Kitchen
  • Living
  • Bedroom
  • Bath

2924 E Monroe St, Phoenix, AZ 85034

  • $590,000

    Last sold 05/21/2025 after 90 Days

  • 7

    bed

  • 4

    bath

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

About 2924 E Monroe St

Property type Multi-family
Neighborhood
Year built 1983
HOA fee $0/month
Property description
Property Must Be Sold With 2928 E Monroe Street!!! Seller's preference is to Sell with 2930 E Monroe Street as well! The (2) properties are Single Family Homes with Additional Dwelling Units. In total there are (4) units featuring (1) 1-Bed / 1-Bath & (3) 2-Bed / 1-Bath. All units are individually metered for electricity, owner pays Water, Sewer & Trash. The average in-place rent is $1,202 with all leases being on month-to-month basis. The purchaser has the ability to continue to cash-flow or do more extensive interior and exterior upgrades. The property is centrally located and situated minutes from Downtown Phoenix, Sky Harbor and provides immediate access to major highways, public transportation, and the city's growing business and entertainment districts.
Listed by
Listing Agent - Carson P Griesemer
Listing Office - ABI Multifamily
Source: ARMLS mls logo
MLS#6823823 • last updated 1 year ago
Movoto checked ARMLS for data 2 minutes ago
Overview
Cooling/AC Central Air, Individual
Heating Other, Individual, Electric
MLS # 6823823
Type Multiple Dwellings
Status Closed
Property Tax 1537
Year Built 1983
Interior
Flooring Other, Ceramic Tile
Appliances Built-In Range, Free-Standing Range, Other, Refrigerator, Microwave, W/D Hookup
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco
Parking Other, >1 Space Per Unit, On Street
# of Open Parking Spaces 6
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Location
Subdivision EL MOLINO PLACE
Community Features No Pool
Elementary School District Wilson Elementary District
Middle School Wilson Elementary School
High School District Phoenix Union High School District
APN 121-65-012
Zoning R-5
Multifamily Details
Total # of Units 4
Expense: Operating 1537
Financial Data Source Projected Proforma
Vacancy Allowance 0.34
Net Operating Income 44534
Gross Income 42477.6
Gross Scheduled Income 59760
We are not permitted to show value estimates for this property.
  • May 2025
    mls logo MLS # 6823823
  • May 21, 2025 Sold
    $600,000 (+103.4%)
  • Apr 25, 2025 Pending
    —
  • Feb 20, 2025 Listed
    $600,000 (-20.0%)
  • May 2025
    Public Records
  • May 16, 2025 Sold
    $295,000 (-50.8%)
  • May 2022
    mls logo MLS # 6396705
  • May 9, 2022 Listed
    $750,000 (+240.9%)
  • Jul 2018
    Public Records
  • Jul 12, 2018 Sold
    $220,000
  • 2924 E Monroe St
    $590K
  • El Molino Place
    —
  • 85034
    $395K -3% y/y
  • Phoenix
    $469K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Wilson Primary School
public Grades PK, K-3
Wilson Elementary District
2/10
Wilson Elementary School
public Grades 4-8
Wilson Elementary District
2/10
Camelback 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
  • El Molino Place
  • 2924 E Monroe St
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