Movoto Real Estate
Sold on 04/19/2017

375 W Pierson St, Phoenix, AZ 85013

  • $815,000

    Last sold 04/19/2017 after 44 Days

  • 12

    bed

  • 6

    bath

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

About 375 W Pierson St

Property type Multi-family
Neighborhood
Year built 1984
HOA fee $0/month
Property description
Rare opportunity in the Pierson Park District. Seller has treasured this property for 23 years and pride of investment is very apparent. Well Maintained 1000 sqft 2 bed 2 bath units, Remodeled in 2016 with laundry in all units. Value Add Rents that are ready to move up to market with this amazing location and condition. Roof resurfaced in 2016, AC Units maintained and in good condition. Tile in all the right places Tenants love the private decks and patios, Income in Proforma are from seller provided 2016 Rent Roll. All facts and figures are approximant. Buyer to verify to their satisfaction
Listed by
Listing Agent - Eric P Hegarty
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#5571824 • last updated 2 months ago
Movoto checked ARMLS for data 3 minutes ago
Overview
Cooling/AC Heat Pump, Individual
Heating Individual, Electric
MLS # 5571824
Type Multiple Dwellings
Status Closed
Property Tax 3131
Year Built 1984
Interior
Flooring Carpet, Ceramic Tile
Appliances Free-Standing Range, Dishwasher, Refrigerator, Washer/Dryer
Exterior
Roof Foam
Construction Painted, Block
Parking Carport
# of Covered Spaces 8
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Location
Subdivision PIERSON PLACE BLK 2
Community Features Other, See Remarks
Elementary School District Osborn Elementary District
High School District Phoenix Union High School District
APN 155-35-008
Zoning R-4
Directions South On 3rd Ave To Pierson St. West To Property.
Multifamily Details
Total # of Units 6
Expense: Operating 21364
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 3000
Vacancy Allowance 0.03
Expense: Insurance 2500
Net Operating Income 37107
Gross Income 58471.6
Expense: Electric 600
Expense: Professional Management 5847
Expense: Water/Sewer 3886
Gross Scheduled Income 60280
Expense: Gardener 2400
We are not permitted to show value estimates for this property.
  • Jul 2019
    Public Records
  • Jul 19, 2019 Sold
    $950,000 (+16.6%)
  • Apr 2017
    mls logo MLS # 5571824
  • Apr 19, 2017 Sold
    $815,000
  • Mar 6, 2017 Listed
    $825,000
  • Apr 2017
    Public Records
  • Apr 19, 2017 Sold
    $815,000 (-1.2%)
  • 375 W Pierson St
    $815K
  • Alhambra
    $379K -1% y/y
  • 85013
    $464K -15% y/y
  • Phoenix
    $465K -2% y/y
No chart available
Statistics calculated by Movoto

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3/10
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Source: GreatSchools.org © 2026. All rights reserved.

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