Properties

Phoenix, AZ 85017 2608 W PIERSON Street

2608 W PIERSON Street Phoenix, AZ - Image 12608 W PIERSON Street Phoenix, AZ - Image 22608 W PIERSON Street Phoenix, AZ - Image 3
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Presented By: Get Multifamily; 480-795-7938
  • MLS# 6982836
  • 02/11/2026
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Home Details

Four at Pierson | W Pierson Street | Phoenix, AZ 85017. Positioned in a high-demand rental corridor just minutes from Grand Canyon University, major parks, and immediate freeway access, Four at Pierson presents a Four at Pierson presents a remodeled (3 out of the 4 units are extensively remodeled) converted fourplex investment opportunity in the heart of Phoenix. This thoughtfully upgraded property consists of four (4) one-bedroom, one-bathroom units, each extensively renovated with updated flooring, modernized kitchens, and refreshed bathrooms. The improvements provide strong tenant appeal while minimizing near-term capital expenditure. All units are currently leased through Home Inc, with rental income ranging from $1,467 to $1,590 per unit, offering stabilized cash flow... in a prime university adjacent location. Recent capital improvements include the full replacement of existing sewer lines, providing a significant infrastructure upgrade and reducing future deferred maintenance risk. Investment Highlights: (3 out of the 4 units are extensively remodeled) Fourplex Four 1BR / 1BA units Strong in-place rents: $1,467-$1,590 per unit Sewer lines recently replaced Prime proximity to GCU, parks, retail, and major freeways Professionally managed (Home Inc) Seller Financing Opportunity: Seller is willing to carry $50,000 down and will structure an exact wrap of the existing note at 7.25% interest rate, creating a compelling financing option for qualified buyers. All facts and figures are approximate. Buyer to verify all MLS information and conduct independent due diligence.
Presented By: Get Multifamily; 480-795-7938

Interior Features for 2608 W PIERSON Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringVinyl
Heating Y/NYes

General for 2608 W PIERSON Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.62
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsPainted, Block
CoolingCentral Air, Heat Pump
CountyMaricopa
DisclosuresNone
ElectricSRP
Electric Expense868.0
Elementary School DistrictAlhambra Elementary District
Fuel Expense368.0
Garage Y/NNo
Gross Income68559.6
HeatingElectric
High School DistrictPhoenix Union High School District
Insurance Expense3000.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense2000.0
MobileHomeRemainsYNNo
Net Operating Income52977.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces4.0
Operating Expense15582.0
OwnerPaysElectricity, Trash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameALTRO TERRACE
Tax Annual Amount2025.0
Tax Lot17
Tax Year1506
Township2N
Water Sewer Expense2522.0
Year Built1961
ZoningR-3

Exterior for 2608 W PIERSON Street

Covered Spaces4.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions62.45 X 131.27
Number of Buildings1
Parking Features<1 Space Per Unit, On Street
Road Surface TypeGravel
SpaNo
Total Parking8.0
Water SourceCity Franchise

Additional Details

Price History

Connect Realty

Price $799,900
MLS#6982836
List Date 02/11/2026
Property Type Multi-Family
Phone 888.795.6274
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