1249 W PIERCE Street, Phoenix, AZ 85007
$1,176,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,176,000
Last Modified:
5/12/2026
Overview
Description
Listing Details MLS# 6955650
Location, Tax & Legal
- House Number
- 1249
- Compass
- W
- Street Name
- PIERCE
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85007
- Zip4
- 2374
- Country
- US
- County Code
- Maricopa
- Subdivision
- UNIVERSITY ADDITION
- Assessor Number
- 111-27-148-F
- Tax Year
- 2025
- Assessor's Map #
- 27
- Legal Description (Abbrev)
- UNIVERSITY ADDITION MCR 1/7 LOT 12 BLK L
- Assessor's Parcel #
- 148
- Assessor Parcel Ltr
- F
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 112900
- Taxes
- 1404
- Legal
- UNIVERSITY ADDITION MCR 1/7 LOT 12 BLK L
- Marketing Name
- 1249 & 1253 W Pierce St
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 13350 sqft
- Year Built
- 1986
- Uncvrd Parking Spcs
- 16
- Total # of Units
- 8
- # of Buildings
- 2
- Zoning
- R-5
- Flood Zone
- No
- Elementary School District
- Phoenix Elementary District
- High School District
- Phoenix Union High School District
Status Change Info
- Off Market Date
- 2026-05-12
- Under Contract Date
- 2026-03-10
- Close of Escrow Date
- 2026-05-12
Legal Info
- Township
- 1N
- Range
- 3E
- Section
- 6
- Lot Number
- 12
More Information
Income Expenses
- Net Operating Income
- 82514
Showing Notification Methods
- Showing Service
- No Showing Service Used
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 4
- Avg Rent
- 1285
- Avg SqFt
- 700
- # Baths
- Yes
3 Bedrooms Units
- # 3 Bedroom Units
- 4
- Avg Rent
- 1545
- Avg SqFt
- 800
- # Baths
- Yes
Sold Info
- Loan Type
- Other
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 5 - 12 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Ins Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 0
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 0
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 1404
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 0
Pmt & Rate Info
- Cap Rate
- 6.11
- Equity
- 1350000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- Other
- Yes
Heating
- Electric
- Yes
- Individual
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
- Individual
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Built-In Electric Oven
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- >1 Space Per Unit
- Yes
Electric
- Individual Meter
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
5 - 12 Units
Construction:
Wood Frame
Const - Finish:
Stucco
Roofing:
Composition
Floors:
Vinyl
Sale Includes:
Land & Building; Laundry Equipment
Community Features:
Other
Appliances Included:
Built-In Electric Oven; Refrigerator; Microwave; Washer/Dryer
Heating:
Individual
Cooling:
Electric; Individual; Central Air
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
Individual Meter
Gas:
None
Parking Features:
>1 Space Per Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity
Source of Fincl Data:
Owner; Projected Proforma
Showing Notification Methods:
Email
Lockbox Type:
None
New Financing:
Cash; Conventional
Environmental:
None
Listing Office:
ABI Multifamily
Last Updated: May - 12 - 2026
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