1232 E VIRGINIA Avenue, Phoenix, AZ 85006
$900,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$900,000
Last Modified:
2/26/2026
Description
Rare multi-family investment opportunity in central Phoenix's desirable 85006 neighborhood. Well-located brick-constructed building with three units on a generous lot, offering paved assigned parking. The property features central air conditioning, natural gas heating, and concrete flooring, and includes standard appliances. Tenants pay electricity, gas, and cable. Conveniently situated near local amenities, transportation, and key urban corridors.
More Information MLS# 6988812
Contract Info
Ownership: Fee Simple
Current Price: $900,000
List Price: $900,000
Status: Active
List Date: 2026-02-23
Location, Tax & Legal
Assessor's Map #: 21
Legal Description (Abbrev): LOT 121 SOUTH COUNTRY CLUB MANOR MCR
Assessor's Parcel #: 120
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111700
Taxes: 1037
Legal: LOT 121 SOUTH COUNTRY CLUB MANOR MCR
Marketing Name: The Barrett In Coronado
House Number: 1232
Compass: E
Street Name: VIRGINIA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1151
County Code: Maricopa
Subdivision: SOUTH COUNTRY CLUB MANOR
Assessor Number: 117-21-120
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 120X62
Total # of Units: 3
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
High School: North High School
Year Built: 1945
Zoning: R3
Legal Info
Range: 3E
Section: 33
Township: 2N
Lot Number: 121
Project Type
Tri-Plex: 1
Construction
Brick: 1
Const - Finish
Other (See Remarks): 1
Roofing
Composition: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 750
Annual Land Lse Exp: 0
Annual Landscape Exp: 500
Annual Legal & Acctg: 0
Annual Maint Exp: 500
Annual Mgmt Exp: 0
Annual Wtr/Swr Exp: 925
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Other Expense: 0
Operating Exp: 3712
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 48450
Pmt & Rate Info
Cap Rate: 4.4
Down Payment: 0
Equity: 900000
Down Payment %: 30
Monthly Payments: 2611
Total Owed: 0
Assessment Balance: 0
Payment Includes
Principal: 1
Interest: 1
Showing Notification Methods
Showing Service: Aligned Showings
Phone Call: 1
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Central Air: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Pet Restrictions: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Paved: 1
Assigned: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
APOD/Backup Avaible: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1650
Avg SqFt: 740
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 7th ST/Thomas
Geo Lat: 33.47683
Geo Lon: -112.054937
Income Expenses
Gross Annual Sch Inc: 51000
Net Operating Income: 39620
Property Features
Project Type: Tri-Plex
Construction: Brick
Const - Finish: Other (See Remarks)
Roofing: Composition
Floors: Concrete
Sale Includes: Land & Building
Payment Includes: Principal; Interest
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Pet Restrictions
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Microwave; Washer/Dryer
Heating: Natural Gas
Cooling: Central Air
Water Source: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: >1 Space Per Unit; Assigned; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Phone Call
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry
Environmental: None
Listing Office:
Gile Commercial Real Estate
Last Updated: February - 26 - 2026
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