2002 W JEFFERSON Street, Phoenix, AZ 85009

$609,000
Property Type: Multiple Dwellings Status: Active
Current Price: $609,000 Last Modified: 4/28/2026

Overview

Description

Downtown Phoenix 5-Units. Tenants are all month to month. Strong in-place rent. Current Annual Gross Income $77,400 ($6,450/Month). Current condition: Functional/C-Class. Potential for investors to reposition into 7 Units and optimize cash flow. Property has a current city violation related to two non-conforming units. Seller will provide full documentation. Property is sold in as-is condition. Priced accordingly for experienced investors. Buyer shall verify all facts and figures.

Listing Details MLS# 6893837

Location, Tax & Legal

House Number
2002
Compass
W
Street Name
JEFFERSON
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85009
Zip4
5221
Country
US
County Code
Maricopa
Subdivision
CAPITOL ADDITION
Assessor Number
109-49-120
Tax Year
2024
Assessor's Map #
49
Legal Description (Abbrev)
CAPITOL
Assessor's Parcel #
120
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
114402
Taxes
853
Legal
CAPITOL
Marketing Name
Jefferson Street 5 Units

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
7,000
Year Built
1935
Uncvrd Parking Spcs
7
Total # of Units
5
# of Buildings
3
Zoning
R-3
Flood Zone
Yes
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
Jefferson St & 20th Ave

Legal Info

Township
1N
Range
2E
Section
12
Lot Number
24

Income Expenses

Gross Annual Sch Inc
77400
Net Operating Income
62821

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Email
Yes
Phone Call
Yes

Project Type

5 - 12 Units
Yes

Construction

See Remarks
Yes

Const - Finish

Other (See Remarks)
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes

Sale Includes

Building(s) Only
Yes

Income & Expenses

Annual Elec Exp
6000
Annual Gas Exp
1080
Annual Ins Exp
6000
Annual Maint Exp
4000
Annual Wtr/Swr Exp
4800
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
22733
Other Income
0
Vacancy Allowance
0.03
Adjusted Gross Inc
75078

Pmt & Rate Info

Cap Rate
9.66
Equity
650000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes
See Remarks
Yes

Heating

Other
Yes

Cooling

Other
Yes

Tenant Pays

Cable TV
Yes
None
Yes

Appliances Included

Built-In Electric Oven
Yes
Refrigerator
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

>1 Space Per Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes
City Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Electric
Yes
Gas
Yes

New Financing

Cash
Yes
Conventional
Yes
No Carry
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Construction: See Remarks Const - Finish: Other (See Remarks) Roofing: Composition Floors: Vinyl Sale Includes: Building(s) Only Community Features: No Pool; See Remarks Appliances Included: Built-In Electric Oven; Refrigerator; Washer/Dryer Heating: Other Cooling: Other Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas; City Gas Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Electric; Gas Tenant Pays: Cable TV; None Source of Fincl Data: Owner Showing Notification Methods: Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Compass
Last Updated: April - 28 - 2026
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