1011 E SHERIDAN Street, Phoenix, AZ 85006
$1,023,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,023,000
Last Modified:
2/18/2026
Description
This gorgeous 4-plex within the Historical Coronado district is an investor's dream. Amazing tenants in place, two have been in the home for over 5 years. With no maintenance common space and each unit with its own outdoor space, everyone wins! Paved patios or large yards all with shade sails. Keeping it all tasteful and simple with recessed lighting in two units and porcelain tile in all, this is the whole deal. All units are furnished with washer and dryer, refrigerator and oven/stove. 8 parking spots on the lot. Easy walking to all the best coffee, restaurants and shops making rentability top-notch. With the ideal location and distinguished tenants in place, this 4-plex is just what investors need in their portfolio.
More Information MLS# 6733334
Contract Info
Ownership: Fee Simple
Current Price: $1,023,000
Sold Price: $1,023,000
Status: Closed
List Date: 2024-07-19
Location, Tax & Legal
Assessor's Map #: 27
Legal Description (Abbrev): SYNDICATE PL LOT 7 W 43' OF E 134' OF N 1/5
Assessor's Parcel #: 149
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 111700
Taxes: 2715
Legal: SYNDICATE PL LOT 7 W 43' OF E 134' OF N 1/5
Marketing Name: SYNDICATE PLACE
House Number: 1011
Compass: E
Street Name: SHERIDAN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1657
County Code: Maricopa
Subdivision: SYNDICATE PLACE
Assessor Number: 117-27-149
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 5,357 sqft
Flood Zone: No
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Emerson Elementary School
Jr. High School: Emerson Elementary School
High School: North High School
Year Built: 1982
Zoning: MULTI-FAMILY
Legal Info
Range: 3E
Section: 33
Township: 2N
Lot Number: 7
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Other: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2715
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Cap Rate: 5.16
Equity: 1250000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Landscaping: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Owner: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Appraisal: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1400
Avg SqFt: 600
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Seller Assist - A
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 1
Seller Concession $/%: %
Remarks Misc
Cross Street: 7th Street & McDowell Road
Directions: Heading North on 7th Street turn East on Sheridan Street, home is on the south side of the street
Geo Lat: 33.474505
Geo Lon: -112.059977
Status Change Info
Off Market Date: 2024-10-05
Under Contract Date: 2024-08-23
Close of Escrow Date: 2024-10-04
Sold Price: $1,023,000
Income Expenses
Net Operating Income: 64485
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Other
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; Disposal; Washer/Dryer
Heating: Heat Pump
Cooling: Ceiling Fan(s); Central Air
Water Source: Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt; Concrete
Owner Pays: Water
Tenant Pays: Electricity; Cable TV; Landscaping
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office:
Locality Real Estate
Last Updated: February - 18 - 2026
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