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Sold on 06/15/2024
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4301 S 7th Ave, Phoenix, AZ 85041

$1,395,000

Last sold 06/15/2024 after 18 Days

  • 15

    bed

  • 11

    bath

Multi-family not for sale

About 4301 S 7th Ave

Property type Multi-family
Neighborhood
Year built 1941
HOA fee $0/month
Property description
This is a Value Add 12 unit with partial occupancy. With 8 units stable and 4 to renovate-this is a gold mine at $116,500 per door. NO ASSIGNMENT CONTRACT AND NO SELLER CARRY. $25,000 Earnest Money and short Due diligence with a 10 day closing. Buyer to verify all facts and figures. See Due Diligence for all information that is available. The Property This is an absolute AS-IS sale along with cash only or hard money. Close of Escrow will be within 15 days. See the document tab for more Information Once you have reviewed this information-let me know if you want to move to the next level. UNIT MIX 2×1 1×1 1×1 2×1 2×1 1×1 1×1 2×1 1×1 1×1 Studio Studio 1×1 PROPERTY FACTS No. Units 12 Building Size 7,250 SF Property Type Multifamily Average Occupancy 100% Property Subtype Apartment No. Stories 2 Apartment Style Garden Year Built/Renovated 1941/2022 Building Class C Parking Ratio 2.48/1,000 SF Lot Size 0.63 AC UNIT AMENITIES Air Conditioning Dishwasher Ceiling Fans Refrigerator Oven UNIT MIX INFORMATION PROPERTY TAXES Parcel Number 113-05-043B Improvements Assessment $589,100 Land Assessment $147,200 Total Assessment $736,300 ZONING Zoning Code R-3, City of Phoenix
Listed by
Listing Agent - Linda S Gerchick
Listing Office - Gerchick Real Estate
Source: ARMLS mls logo
MLS#6711280 • last updated 2 years ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Heat Pump, Individual
Heating Individual, Heat Pump
MLS # 6711280
Type Multiple Dwellings
Status Closed
Property Tax 1386
Year Built 1941
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Dishwasher, Refrigerator, Washer/Dryer, W/D Hookup
Exterior
Roof Composition
Construction Wood Frame, Siding, Painted, Stucco, Block
Parking Other, Free, >1 Space Per Unit
# of Open Parking Spaces 16
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Location
Community Features See Remarks, No Pool
Elementary School District Roosevelt Elementary District
High School District Phoenix Union High School District
APN 113-05-043-B
Zoning R-3
Multifamily Details
Total # of Units 12
Expense: Operating 1386
Financial Data Source Projected Proforma
Vacancy Allowance 0.03
Net Operating Income 163234
Gross Income 198694.8
Gross Scheduled Income 204480
We are not permitted to show value estimates for this property.
  • Jun 2024
    mls logo MLS # 6711280
  • Jun 15, 2024 Sold
    $1,395,000
  • May 31, 2024 Pending
    —
  • May 28, 2024 Listed
    $1,395,000 (+95.1%)
  • Jan 2021
    mls logo MLS # 6182318
  • Jan 15, 2021 Sold
    $715,000 (-10.5%)
  • Sep 2020
    mls logo MLS # 6126525
  • Sep 25, 2020 Listed
    —
  • Sep 20, 2020 Pending
    —
  • Sep 2, 2020 Listed
    $799,000
  • Year Property taxes Tax assessment
  • 2024
    $1,426 +5.0%
    $91,410
  • 2022
    $1,358 -2.0%
    $91,410 +143.11%
  • 2021
    $1,386 +1.2%
    $37,600 +19.25%
  • 2020
    $1,369
    $31,530
  • 4301 S 7th Ave
    $1.39M
  • South Mountain
    $444K +3% y/y
  • 85041
    $465K +8% y/y
  • Phoenix
    $464K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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