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301 E Southern Ave E, Phoenix, AZ 85040

  • $899,990

  • 8

    bed

  • 6

    bath

Multi-family for sale 256 days
80 homes bought nearby with Movoto recently

About 301 E Southern Ave E

Property type Multi-family
Neighborhood
Year built 1918
HOA fee $0/month
Property description
THIS INCOME-PRODUCING PROPERTY FEATURES A TOTAL OF 7 RESIDENTIAL UNITS, FOURPLEX HAS 3 UNITS 1 BEDROOM 1 BATH AND ONE STUDIO. TRIPLEX(FRONT BUILDING) HAS 2 UNITS WITH 2 BEDROOMS 1 BATH AND ONE 1 BEDROOM 1 BATH. THE PROPERTY OFFERS PAVED PARKING FOR RESIDENTS AND A GAZEBO AS A COMMON AREA FOR RELAXATION AND COMMUNITY GATHERING. CENTRALLY LOCATED, IT PROVIDES EASY ACCESS TO SHOPPING, BUS AND LIGHT RAIL ROUTES, MAKING COMMUTING CONVENIENT. THE PROPERTY IS APPROXIMATELY 6 MILES FROM THE AIRPORT AND 5 MILES FROM DOWNTOWN PHOENIX, MAKING IT AN IDEAL LOCATION FOR TENANTS SEEKING CONVENIENCE AND ACCESSIBILITY. TOTAL MONTHLY RENT COLLECTED IS $4825.00 2 BUILDINGS 7 UNITS. RENTS ARE BELOW MARKET RENTS. ALL TENANTS ARE MONTH TO MONTH. DO NOT DISTURB TENANTS.
Listed by
Listing Agent - Alejandra Mena
Listing Office - HomeSmart
Source: ARMLS mls logo
MLS#6936126 • last updated 8 months ago
Movoto checked ARMLS for data 9 minutes ago
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Overview
Cooling/AC Ceiling Fan(s), Electric
Heating Individual
MLS # 6936126
Type Multiple Dwellings
Status Active
Property Tax 1174
Year Built 1918
Interior
Flooring Vinyl
Appliances Refrigerator, Free-Standing Gas Oven, Free-Standing Electric Oven
Exterior
Roof Tile
Construction Wood Frame, Stucco
Parking >1 Space Per Unit
# of Open Parking Spaces 18
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features Barbecue
Elementary School District Roosevelt Elementary District
High School District Phoenix Union High School District
APN 114-02-034-A
Zoning R-5
Directions CENTRAL AVENUE TURN EAST ON SOUTHERN TO 3RD STREET TURN NORTH. PROPERTY IS ON THE NORTHWEST CORNER OF SOUTHERN AND 3RD STREET
Multifamily Details
Total # of Units 7
Expense: Operating 17298
Financial Data Source Owner
Expense: Maintenance 3434
Vacancy Allowance 0.01
Expense: Insurance 1445
Net Operating Income 44667
Gross Income 57321
Expense: Fuel 2174
Expense: Professional Management 3000
Expense: Water/Sewer 6071
Gross Scheduled Income 57900
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1/10
John F Kennedy Elementary School
public Grades PK, K-3
Roosevelt Elementary District
2/10
C O Greenfield 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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Family
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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85040
  • South Mountain
  • 301 E Southern Ave E

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