Properties
Phoenix, AZ 85014 1012 E PIERSON Street
$872,000
88 more
Presented By: Gentry Real Estate; 480-750-9910
Home Details
Appraisal was just completed 2 months ago for $900k.*8.35% Gross Cap* 3 Units, 2 Buildings on One Parcel, Great unit mix with large units! Built in 1942 & NEWLY BUILT in 2025. ALL VERY LARGE UNITS!! Front building boasts a duplex that Consists of (1) 3-Bed / 2-Bath Unit & (1) 2-Bed / 2-Bath Unit, & (1) 3-Bed/2-Bath Casita. Each unit features a fully upgraded interior With white quartz countertops, luxury vinyl-plank flooring throughout, subway tile showers, stainless steel appliance package, & in-suite washer / dryer in every unit. exterior upgrades include new paint, stucco & new windows, 3 new AC units, new roofs and Private FENCED YARDS for all units. LARGE WALK-IN CLOSETS. Located just outside Biltmore close to uptown, Dining hotspots & entertainment options are plentiful around.
Presented By: Gentry Real Estate; 480-750-9910
Interior Features for 1012 E PIERSON Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringVinyl
Heating Y/NYes
General for 1012 E PIERSON Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate8.51
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsWood Frame, Stucco
CoolingCentral Air, Ceiling Fan(s), Electric
CountyMaricopa
DisclosuresNone
ElectricAPS
Elementary SchoolMadison Richard Simis School
Elementary School DistrictMadison Elementary District
Garage Y/NNo
Gross Income74184.0
HeatingElectric
High SchoolCentral High School
High School DistrictPhoenix Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolMadison Meadows School
MobileHomeRemainsYNNo
Net Operating Income74184.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total3
Occupancy TypeTenant
Open Parking Spaces5.0
Operating Expense1884.0
OwnerPaysWater, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive Under Contract
StatusUCB (Under Contract-Backups)
Subdivision NamePALO VERDE PLACE
Tax Annual Amount1884.0
Tax Lot16
Tax Year2025
Township2N
Year Built1942
ZoningR3
Exterior for 1012 E PIERSON Street
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions60'X125'
Number of Buildings2
Parking Features>1 Space Per Unit
Road Surface TypeConcrete
SpaNo
Total Parking5.0
Water SourceCity Franchise
Additional Details
Price History
Schools
High School
Central High School
Elementary School
Madison Richard Simis School Elementary School
Middle School
Madison Meadows School Middle School
