$899,990

301 E Southern Ave Phoenix, AZ 85040

South Mountain Neighborhood

Estimated payment $4,758/month

Total Views 6,857
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Vinyl Flooring
  • Phoenix Coding Academy Rated A
  • Ceiling Fan
  • Individual Controls for Heating

About This Home

THIS INCOME-PRODUCING PROPERTY FEATURES A TOTAL OF 7 RESIDENTIAL UNITS, FOURPLEX HAS 3 UNITS 1 BEDROOM 1 BATH AND ONE STUDIO. TRIPLEX(FRONT BUILDING) HAS 2 UNITS WITH 2 BEDROOMS 1 BATH AND ONE 1 BEDROOM 1 BATH.

THE PROPERTY OFFERS PAVED PARKING FOR RESIDENTS AND A GAZEBO AS A COMMON AREA FOR RELAXATION AND COMMUNITY GATHERING. CENTRALLY LOCATED, IT PROVIDES EASY ACCESS TO SHOPPING, BUS AND LIGHT RAIL ROUTES, MAKING COMMUTING CONVENIENT. THE PROPERTY IS APPROXIMATELY 6 MILES FROM THE AIRPORT AND 5 MILES FROM DOWNTOWN PHOENIX, MAKING IT AN IDEAL LOCATION FOR TENANTS SEEKING CONVENIENCE AND ACCESSIBILITY.

TOTAL MONTHLY RENT COLLECTED IS $4825.00

2 BUILDINGS 7 UNITS.
RENTS ARE BELOW MARKET RENTS.
ALL TENANTS ARE MONTH TO MONTH.

DO NOT DISTURB TENANTS.

Listing Agent

Alejandra Mena

HomeSmart License #BR526318000 Listed on: 10/20/2025

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,174

Year Built

  • Built in 1918

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Assessor Parcel Number 114-02-034-A

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are 87 FRONT 187 DEPTH 197 WEST SIDE 191 EAST SIDE

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $17,298
  • Gross Income $57,321
  • Net Operating Income $44,667

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,174

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Cross Street: 3RD STREET AND CENTRAL AVENUE
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1918
  • Tax Year: 2024
  • Professional Management Expense: 3000.0
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Refrigerator, Free-Standing Gas Oven, Free-Standing Electric Oven
  • Appliances Included:Refrigerator2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Tile

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Barbecue

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Fuel Expense: 2174.0
  • Annual Water Sewer Expense: 6071.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 87 FRONT 187 DEPTH 197 WEST SIDE 191 EAST SIDE
  • Additional Parcels: No
  • Parcel #: 114-02-034-A

Multi Family

  • Owner Pays: Water
  • Number Of Units Total: 7
  • Annual Gross Income: 57321.0
  • Insurance Expense: 1445.0
  • Maintenance Expense: 3434.0
  • Property Net Operating Income: 44667.0
  • Annual Operating Expense: 17298.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1174.0
  • Tax Book Number: 114.00
  • Tax Lot: N/A

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2025 10/20/25 For Sale $899,990 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6936126

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85040 South Mountain

301 E Southern Ave, Phoenix, AZ

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Alejandra Mena
Listing Agent
Alejandra Mena
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HomeSmart
(602) 512-1511