1002 N 27TH Place, Phoenix, AZ 85008

$1,635,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,635,000 Last Modified: 4/06/2026

Overview

Description

Fantastic Investment Opportunity! This well-maintained Multi-Family Property features three separate buildings, each with two spacious units — totaling six 2 bed / 2 bath units, each approximately 1,200 sq ft. Great rental history and upside potential! Exterior of all buildings was freshly painted in June 2023, and interiors have been updated with new paint as well. The property includes four newer A/C units, with the remaining two approximately 10 years old. The roof was replaced 5 years ago with high-quality 40-year shingles, offering peace of mind for years to come. Tenants and guests will appreciate the ample parking area, designed to comfortably accommodate residents and visitors alike. Sale includes two parcels: APN #121-76-050-B APN #121-76-050-C

Supplements: Both lots have separate dimensions per plat records and are being sold together. Don't miss out on this exceptional income-producing property with strong fundamentals and recent upgrades!

Listing Details MLS# 6936056

Location, Tax & Legal

House Number
1002
Compass
N
Street Name
27TH
St Suffix
Place
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85008
Zip4
4979
Country
US
County Code
Maricopa
Subdivision
DEL REY LOTS 101-140
Assessor Number
121-76-050-C
Tax Year
2025
Assessor's Map #
76
Legal Description (Abbrev)
DEL REY MCR 14/5 LOT 119 E2 EX N 39F & EX E 25F RD & EX 12F RAD CUR D/P 84 122916
Assessor's Parcel #
50
Assessor Parcel Ltr
C
Add'l Parcels
Yes
Tax Municipality
Phoenix
Census Tract
113501
Taxes
1876
Legal
DEL REY MCR 14/5 LOT 119 E2 EX N 39F & EX E 25F RD & EX 12F RAD CUR D/P 84 122916
Marketing Name
Del Rey Lots 101-140

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
124x133
Year Built
1983
Uncvrd Parking Spcs
15
Total # of Units
6
# of Buildings
3
Zoning
Multi-Family
Flood Zone
No
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District
Elementary School
The Creighton Academy
Jr. High School
Gateway School
High School
Camelback High School

Remarks Misc

Cross Street
24th St and Roosevelt
Directions
202 to 24th Street, South to Roosevelt, East to 27th Place. Property is located on the NW Corner of 27th Place and Roosevelt.

Legal Info

Township
1N
Range
3E
Section
2
Lot Number
119

Income Expenses

Gross Annual Sch Inc
106800
Net Operating Income
93571

More Information

Showing Notification Methods

Showing Service
No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units
6
Avg Rent
1500
Avg SqFt
1200
# Baths
2

Project Type

5 - 12 Units
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Ins Exp
4153
Annual Trash Exp
2400
Annual Wtr/Swr Exp
4800
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
13229
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
106800

Pmt & Rate Info

Cap Rate
5.72
Equity
1635000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes
2 or More Units
Yes

Cooling

Electric
Yes
2 or More Units
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes
Curb(s) & Gutter(s)
Yes
Satellite Dish
Yes
Cable TV Available
Yes
Sidewalk(s)
Yes
TV Antenna
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes
Concrete
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes
Add'l Parking Avail
Yes

Electric

APS
Yes
City Electric
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Curb(s) & Gutter(s); Satellite Dish; Cable TV Available; Sidewalk(s); TV Antenna Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator; Disposal; Microwave; W/D Hookup Heating: 2 or More Units Cooling: Electric; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: APS; City Electric; Individual Meter Gas: None Parking Features: >1 Space Per Unit; Add'l Parking Avail Road Surface Type: Asphalt; Concrete Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Kristopher Realty
Last Updated: April - 06 - 2026
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