2228 N 20th Street, Phoenix, AZ 85006

$212,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $212,000 Last Modified: 8/12/2026

Overview

Description

Great income property! Live in the single family home and have tenants pay your mortgage! Property includes a freshly remodeled single family residence (rents for $700/month), 2 studios (rented for $425/month and $450/month) and a 2 bedroom, 1 bath unit (rented for $625/month. Convenient location near the SR 51. Please do not disturb tenants. All facts, figures or measurements that are a material matter to Buyer to be verified by Buyer during the inspection period. Cap rate estimated at 10%.

Listing Details MLS# 5468331

Location, Tax & Legal

Map Code/Grid
P35
House Number
2228
Compass
N
Street Name
20th
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85006
Zip4
2086
Country
US
County Code
Maricopa
Subdivision
EAST ROSELAWN HEIGHTS
Assessor Number
117-14-127
Tax Year
2015
Assessor's Map #
14
Assessor's Parcel #
127
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Taxes
837
Legal
E ROSELAWN HTS
Marketing Name
ROSELAWN HEIGHTS

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
50 ft x 138 ft
Year Built
1930
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
2
Zoning
C-1
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District
Elementary School
William T Machan Elementary School
Jr. High School
William T Machan Elementary School
High School
North High School

Remarks Misc

Cross Street
Thomas Rd and 16th St
Directions
From Thomas and 16th, Head South on 16th St. to Oak. East on Oak to 20th St. Head South and property will be on the NW corner of Cypress and 20th St.

Status Change Info

Off Market Date
2016-10-22
Under Contract Date
2016-10-21
Close of Escrow Date
2016-11-23

Legal Info

Township
2N
Range
3E
Section
34
Block
2000
Lot Number
Yes
Cnty Rcrd Bk & Pg #
001844

More Information

Efficiency Units

# Efficiency Units
Yes
Avg Rent
425
Avg SqFt
550
# Baths
Yes

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
450
Avg SqFt
600
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
550
Avg SqFt
527
# Baths
Yes

Income Expenses

Gross Annual Sch Inc
25500
Net Operating Income
21643

Sold Info

Loan Type
FHA
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
6800
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Tri-Plex
Yes
Other (See Remarks)
Yes

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Other Type

House + Rental Units
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Other (See Remarks)
Yes

Roofing

Other
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
600
Annual Land Lse Exp
0
Annual Landscape Exp
480
Annual Legal & Acctg
0
Annual Maint Exp
500
Annual Mgmt Exp
0
Annual Trash Exp
480
Annual Wtr/Swr Exp
960
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
3857
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
25500

Pmt & Rate Info

Cap Rate
9.62
Down Payment
0
Equity
225000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Electric
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Refrigerator
Yes
Built-In Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Assigned
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

FHA
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: Tri-Plex; Other (See Remarks) Other Type: House + Rental Units Construction: Block; Wood Frame Const - Finish: Other (See Remarks) Roofing: Other Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Appliances Included: Built-In Range; Refrigerator Heating: Natural Gas Cooling: Electric Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Assigned Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Existing 1st Loan: FHA Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: VA; FHA; Conventional Environmental: None
IDX
Listing Office: Kenneth James Realty
Last Updated: August - 12 - 2026
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