2045 W WASHINGTON Street, Phoenix, AZ 85009
$560,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$560,000
Last Modified:
3/04/2026
Description
Multi Unit Apartment Complex on Corner Lot Near Downtown Phoenix Generating Nearly $5,000 Per Month Ready For New Ownership. Updates In Last 5 Years Include Electrical, Interior Plumbing, Windows, Doors, Appliances, Duct Work, Exterior Stucco, AC, Granite Countertops and Bathroom Updates. Unit Mix Consists of 1 Studio Apartment/Storage Upstairs, 1 - 1 Bed 1 Bath, 1 - 2 Bed 2 Bath and 1 - 3 Bed 2 Bath Unit. Located Just West of Downtown Phoenix Near Major Freeways For Easy Access To All Parts of Phoenix Metro Area.
More Information MLS# 6685043
Contract Info
Ownership: Fee Simple
Current Price: $560,000
Sold Price: $560,000
Status: Closed
List Date: 2024-04-01
Location, Tax & Legal
Assessor's Map #: 49
Legal Description (Abbrev): CAPITOL
Assessor's Parcel #: 108
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 114402
Taxes: 1471
Legal: CAPITOL
Marketing Name: 4 Unit Apartment
House Number: 2045
Compass: W
Street Name: WASHINGTON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 5256
County Code: Maricopa
Subdivision: CAPITOL ADDITION
Assessor Number: 109-49-108
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 50 x 140, Corner lot
Flood Zone: No
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Mary Mcleod Bethune School
Jr. High School: Mary Mcleod Bethune School
High School: Central High School
Year Built: 1948
Zoning: Multiple
Legal Info
Range: 2E
Section: 12
Township: 1N
Block: 43
Lot Number: 12
Project Type
Four Plex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 2305
Annual Wtr/Swr Exp: 3764
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 1500
Operating Exp: 9040
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 57000
Total Monthly Rental Income: 4450
Pmt & Rate Info
Cap Rate: 7.06
Equity: 595000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Central: 1
Cooling
Central Air: 1
Electric: 1
Exterior Amenities
Partially Fenced: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 1
Avg Rent: 900
Avg SqFt: 600
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1000
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1350
Avg SqFt: 900
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1900
Avg SqFt: 1000
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 4
Seller Concession $/%: %
Remarks Misc
Cross Street: 19th Avenue & Washington Street
Directions: Use GPS
Geo Lat: 33.447744
Geo Lon: -112.104247
Status Change Info
Off Market Date: 2024-07-01
Under Contract Date: 2024-07-01
Close of Escrow Date: 2024-08-13
Sold Price: $560,000
Income Expenses
Gross Annual Sch Inc: 60000
Net Operating Income: 42000
Property Features
Project Type: Four Plex
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Partially Fenced; Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Microwave
Heating: Central
Cooling: Electric; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: On Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: None
Listing Office:
Compass
Last Updated: March - 04 - 2026
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