Properties
Phoenix, AZ 85007 1249 W PIERCE Street
$1,325,000
11 more
Presented By: ABI Multifamily; 602-714-1400
Home Details
1249 & 1253 W Pierce St is an 8-unit, garden-style property, constructed in 1986. The asset consists of two individually parceled fourplexes, offering flexible financing options and long-term investment versatility. The unit mix comprises (4) 3-bedroom/1-bathroom units and (4) 2-bedroom/1-bathroom units, each individually metered for electricity. The unit's interiors have been upgraded and include in-unit washers and dryers, enhancing appeal and rental demand. The property also features an on-site gated parking lot for added convenience and security. Ideally situated just minutes from the Grand Avenue Arts District, Roosevelt Row, and Downtown Phoenix, the asset benefits from strong tenant demand and easy access to a vibrant mix of employment, dining, arts, and entertainment.
Presented By: ABI Multifamily; 602-714-1400
Interior Features for 1249 W PIERCE Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringVinyl
Heating Y/NYes
General for 1249 W PIERCE Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.11
Carport Y/NNo
CityPhoenix
Community FeaturesOther
Construction MaterialsWood Frame, Stucco
CoolingCentral Air, Electric, Individual
CountyMaricopa
DisclosuresNone
ElectricIndividual Meter
Electric Expense0.0
Elementary School DistrictPhoenix Elementary District
Garage Y/NNo
Gross Income0.0
HeatingIndividual, Electric
High School DistrictPhoenix Union High School District
Insurance Expense0.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income82514.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total8
Open Parking Spaces16.0
Operating Expense1404.0
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 NameUNIVERSITY ADDITION
Tax Annual Amount1404.0
Tax Lot12
Tax Year2025
Township1N
Trash Expense0.0
Water Sewer Expense0.0
Year Built1986
ZoningR-5
Exterior for 1249 W PIERCE Street
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions13350 sqft
Number of Buildings2
Parking Features>1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking16.0
Water SourceCity Franchise
Additional Details
Price History
