Properties
Phoenix, AZ 85008 1002 N 27TH Place
$1,635,000
53 more
Presented By: Kristopher Realty; 480-628-9856
Home Details
Fantastic Investment Opportunity!
This well-maintained Multi-Family Property features three separate buildings, each with two spacious units — totaling six 2 bed / 2 bath units, each approximately 1,200 sq ft. Great rental history and upside potential!
Exterior of all buildings was freshly painted in June 2023, and interiors have been updated with new paint as well. The property includes four newer A/C units, with the remaining two approximately 10 years old. The roof was replaced 5 years ago with high-quality 40-year shingles, offering peace of mind for years to come.
Tenants and guests will appreciate the ample parking area, designed to comfortably accommodate residents and visitors alike. Sale includes two parcels:
APN #121-76-050-B APN #121-76-050-C Both lots have separate dimensions per plat records and are being sold together. Don't miss out on this exceptional income-producing property with strong fundamentals and recent upgrades!
Presented By: Kristopher Realty; 480-628-9856
Interior Features for 1002 N 27TH Place
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile
Heating Y/NYes
General for 1002 N 27TH Place
Additional Parcels Y/NYes
Attached Garage No
Cap Rate5.72
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsWood Frame, Painted, Stucco
CoolingElectric, 2 or More Units
CountyMaricopa
Directions202 to 24th Street, South to Roosevelt, East to 27th Place. Property is located on the NW Corner of 27th Place and Roosevelt.
DisclosuresSeller Prop Disc Stm
ElectricAPS, City Electric, Individual Meter
Electric Expense0.0
Elementary SchoolThe Creighton Academy
Elementary School DistrictCreighton Elementary District
Garage Y/NNo
Gross Income106800.0
Heating2 or More Units, Electric
High SchoolCamelback High School
High School DistrictPhoenix Union High School District
Insurance Expense4153.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolGateway School
MobileHomeRemainsYNNo
Net Operating Income93571.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total6
Occupancy TypeTenant
Open Parking Spaces15.0
Operating Expense13229.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameDEL REY LOTS 101-140
Tax Annual Amount1876.0
Tax Lot119
Tax Year2025
Township1N
Trash Expense2400.0
Water Sewer Expense4800.0
Year Built1983
ZoningMulti-Family
Exterior for 1002 N 27TH Place
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensions124x133
Number of Buildings3
Other EquipmentTV Antenna, Satellite Dish
Parking FeaturesAdd'l Parking Avail, >1 Space Per Unit
Road Surface TypeConcrete, Asphalt
SpaNo
Total Parking15.0
Water SourceCity Franchise
Additional Details
Price History
Schools
Middle School
Gateway School Middle School
High School
Camelback High School
Elementary School
The Creighton Academy Elementary School
