Properties
Phoenix, AZ 85006 502 N 11TH Street
$649,000
39 more
Presented By: CTS Realty; 602-795-0341
Home Details
**GARFIELD DISTRICT** is culturally-rich, w/HISTORICAL significance, mixed w/CONTEMPORARY community-life, PERFECTLY located IN-THE-HEART-OF-DOWNTOWN-PHOENIX's urban-landscape**EXCEPTIONAL-OPPORTUNITY** (2) units are 1 bd/1 bath & (2) units are Studio-flats~ALL units have GAS ranges, & FULL size STACKABLE washer/dryers~Units are submetered for Electric and Gas which Tenants pay~Each unit has Central air-conditioning systems~Duplex's & 4-Plex's in the area are selling upwards of $900K and vacant-lots in the area are listed over $1 million~This HISTORIC property was built-in 1960 & has been renovated throughout the years, it still-holds EXCELLENT value-add w/INCOME, growth-potential~This 4-Plex is A HIDDEN-GEM located in the reimagined, downtown, Phoenix, BOOMING rental-market!
Presented By: CTS Realty; 602-795-0341
Interior Features for 502 N 11TH Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile
Heating Y/NYes
General for 502 N 11TH Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.23
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsPainted, Block
CoolingCentral Air, Ceiling Fan(s), Individual
CountyMaricopa
DirectionsRoosevelt to 11th ST, South to Taylor, Property is located on the corner of Taylor and 11th ST
DisclosuresNone
ElectricAPS, Individual Meter
Electric Expense270.0
Elementary SchoolGarfield School
Elementary School DistrictPhoenix Elementary District
Fuel Expense0.0
Garage Y/NNo
Gross Income50700.0
HeatingHeat Pump, Electric
High SchoolNorth High School
High School DistrictPhoenix Union High School District
Insurance Expense1800.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense1335.0
Middle/Junior High SchoolGarfield School
MobileHomeRemainsYNNo
Net Operating Income42045.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces4.0
Operating Expense12553.0
OwnerPaysTrash Collection, Water, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameMT PLEASANT TRACT BLOCKS 2-5
Tax Annual Amount1288.0
Tax Lot7
Tax Year2025
Township1N
Trash Expense1740.0
Water Sewer Expense1200.0
Year Built1960
ZoningMulti-Family
Exterior for 502 N 11TH Street
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensions99.83 x 70.26 x 99.77 x 70.26
Number of Buildings1
Parking FeaturesPaved, On Street
Road Surface TypeAsphalt
SpaNo
Total Parking4.0
Water SourceMaster Meter
Additional Details
Price History
Schools
Middle School
Garfield School Middle School
High School
North High School
Elementary School
Garfield School Elementary School
