1724 S 1ST Street, Phoenix, AZ 85004 (MLS# 7053495)

1724 S 1ST Street, Phoenix, AZ 85004

$724,900

Property Type: Multiple Dwellings Status: Active

Current Price: $724,900 Last Modified: 8/01/2026

Overview

Description

Brand-new duplex completed in August 2025! This turnkey property features two spacious 3-bedroom, 2-bathroom units with upgraded finishes, tile flooring throughout, spray foam insulation, large laundry rooms, and all appliances included. Additional improvements include a gated front entrance, fully fenced front yard, covered pergola with two ceiling fans, artificial turf, and newly planted ficus trees for added privacy. Unit 2 features beautifully renovated bathrooms. Each unit has its own private RV gate. Located in a designated Opportunity Zone, this property offers excellent potential for investors or owner-occupants and is ideal for long-term or short-term rentals.

Listing Details MLS# 7053495

Location, Tax & Legal

House Number: 1724
Compass: S
Street Name: 1ST
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 2802
Country: US
County Code: Maricopa
Subdivision: COPE ADD BLKS 7-10
Assessor Number: 112-39-083
Tax Year: 2025
Assessor's Map #: 39
Legal Description (Abbrev): COPE ADD MCR 26-13 LOT 11 EX W 2F & N2 LOT 13 EX W 2F BLK 10
Assessor's Parcel #: 83
Add'l Parcels: No
Tax Municipality: Phoenix
Taxes: 660
Tax District: T
Legal: COPE ADD MCR 26-13 LOT 11 EX W 2F & N2 LOT 13 EX W 2F BLK 10
Marketing Name: 1st St Duplex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 112x82
Year Built: 2025
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: Yes
Zoning: R-3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Silvestre S Herrera School
Jr. High School: Silvestre S Herrera School
High School: Central High School

Legal Info

Township: 1N
Range: 3E
Section: 17
Lot Number: 11

3 Bedrooms Units

# 3 Bedroom Units: 2
Avg Rent: 2600
Avg SqFt: 1176
# Baths: 2

More Information

Income Expenses

Gross Annual Sch Inc: 62400
Net Operating Income: 58530

Showing Notification Methods

Showing Service: Aligned Showings

Project Type

Duplex: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 750
Annual Landscape Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1410
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 59280

Pmt & Rate Info

Cap Rate: 7.81
Equity: 749900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Combo: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Exterior Amenities

Landscape Water System: Yes
Fenced: Yes
RV/Boat Parking: Yes

Interior Features

Fire/Smoke Alarm(s): Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
>1 Space Per Unit: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

None: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Special

Owner/Agent: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Fenced; RV/Boat Parking Interior Features: Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity Source of Fincl Data: Owner Special: Owner/Agent Lockbox Type: Combo New Financing: Cash; VA; FHA; Conventional Environmental: None

Listing Office: AZ Realty & Rentals

Last Updated: August - 01 - 2026