1527 W Fillmore Street, Phoenix, AZ 85007 (MLS# 6819340)

1527 W Fillmore Street, Phoenix, AZ 85007

$1,300,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $1,300,000 Last Modified: 8/21/2025

Overview

Description

(Owner willing to carry at 5% for 5 years with 20% down!) These charming 7 units in the heart of Downtown Phoenix will be a great cash-cow to add to your portfolio. With an attractive mix of studios, 1-bedroom, and 2-bedroom units, you will appeal to all tenant types. Some units feature 10+ foot ceilings and historic, grand fireplaces, and all have renovated interiors and a wonderful, inviting front yard and courtyard. Along with onsite laundry, this gem has attracted and welcomed a great tenant base. Located only a short distance from all of the entertainment, shopping, and culinary attractions of downtown, this is a great investment that will yield great returns for many years to come. Inquire about this great investment while it's still available!

Listing Details MLS# 6819340

Location, Tax & Legal

House Number: 1527
Compass: W
Street Name: Fillmore
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Country: US
County Code: Maricopa
Assessor Number: 111-26-111
Tax Year: 2024
Assessor's Map #: 26
Assessor's Parcel #: 111
Add'l Parcels: Yes
Tax Municipality: Phoenix
Taxes: 1252
Legal: WEST LAWN ANNEX
Marketing Name: West Lawn Annex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 99'x128'
Year Built: 1895
Uncvrd Parking Spcs: 6
Total # of Units: 7
# of Buildings: 2
Zoning: R-5

Remarks Misc

Cross Street: 15th Avenue and Fillmore
Directions: 15th Avenue and Fillmore, go west to property.

Status Change Info

Off Market Date: 2025-08-21
Under Contract Date: 2025-08-01
Close of Escrow Date: 2025-08-20

Legal Info

Lot Number: 17 + 18

More Information

Income Expenses

Gross Annual Sch Inc: 121200
Net Operating Income: 115140

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

Efficiency Units

# Efficiency Units: 2
Avg Rent: 1100
Avg SqFt: 400
# Baths: Yes

1 Bedroom Units

# 1 Bedroom Units: 3
Avg Rent: 1450
Avg SqFt: 650
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1800
Avg SqFt: 750
# Baths: Yes

Sold Info

Loan Type: Carryback
Loan Years: 7
Payment Type: Balloon
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

Block: Yes
Other: Yes

Const - Finish

Stucco: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1252
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 115140

Pmt & Rate Info

Cap Rate: 8.23
Equity: 1399000
Down Payment %: 20
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

Other: Yes

Heating

Electric: Yes

Cooling

Electric: Yes

Exterior Amenities

Fenced: Yes
Patio/Balcony: Yes

Tenant Pays

Cable TV: Yes

Appliances Included

Refrigerator: Yes
Built-In Range: 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

Carport: Yes
On Street: Yes
1 Space/Unit: Yes
Paved: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes
Owner May Carry: Yes
1031 Exchange: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Block; Other Const - Finish: Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: Other Exterior Amenities: Fenced; Patio/Balcony Appliances Included: Built-In Range; Refrigerator; Washer/Dryer Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; On Street; 1 Space/Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Electric; Trash Collection; Landscaping Tenant Pays: Cable TV Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional; Owner May Carry; 1031 Exchange Environmental: None

Documents

Rent Roll ›

Estimated Underwriting ›

Listing Office: ABI Multifamily

Last Updated: August - 21 - 2025