Properties
Phoenix, AZ 85007 1317 W MONROE Street
$875,000
81 more
Presented By: Redfin Corporation; 602-483-4919
Garage • 1
Home Details
Fantastic investment opportunity in a gorgeous historic neighborhood near the Arizona State Capitol in the heart of Central Phoenix. This well-maintained fourplex features 4 beautifully remodeled efficiency units, consistently in demand with both short- and long-term tenants. Each fully furnished unit offers a private kitchenette w/ stainless steel gas range, refrigerator, & microwave, along with a well-appointed bathroom w/ shower. Windows in the property were replaced approximately 4 years ago. Property includes an inviting front porch and a detached one-car garage with water plumbing, offering potential for conversion into a fifth rental unit. Ideally situated on a peaceful, tree-lined street close to dining, shopping, sports venues, and entertainment. Buyer to verify all information.
Presented By: Redfin Corporation; 602-483-4919
Interior Features for 1317 W MONROE Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringWood
Heating Y/NYes
General for 1317 W MONROE Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate13.03
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsBrick Veneer, Painted, Block, Brick
CoolingCeiling Fan(s), Evaporative Cooling, See Remarks, Window/Wall Unit
CountyMaricopa
DirectionsSouth on 15th Ave, east on Monroe, property will be on the south side of the street. Parking along the street.
DisclosuresSeller Prop Disc Stm
ElectricAPS, Individual Meter
Electric Expense5000.0
Elementary SchoolPaul Dunbar Lawrence School
Elementary School DistrictPhoenix Elementary District
Fuel Expense1000.0
Garage Y/NYes
Gross Income108000.0
HeatingNatural Gas
High SchoolCentral High School
High School DistrictPhoenix Union High School District
Insurance Expense3600.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolPaul Dunbar Lawrence School
MobileHomeRemainsYNNo
Net Operating Income114000.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: VATrue
Number Of Units Total4
Open Parking Spaces1.0
Operating Expense14338.0
OwnerPaysTrash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameWOODLAND PLACE
Tax Annual Amount1438.0
Tax Lot5
Tax Year2025
Township1N
Trash Expense1250.0
Virtual TourClick here
Water Sewer Expense1250.0
Year Built1926
ZoningR5
Exterior for 1317 W MONROE Street
Covered Spaces1.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensions50'x125'
Number of Buildings2
Parking FeaturesDetached Garage, See Remarks, On Street
Road Surface TypeAsphalt
SpaNo
Total Parking2.0
Water SourceCity Franchise
Additional Details
Price History
Schools
High School
Central High School
Elementary School
Paul Dunbar Lawrence School Elementary School
Middle School
Paul Dunbar Lawrence School Middle School
