2831 E MOBILE Lane, Phoenix, AZ 85040
$699,990
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$699,990
Last Modified:
2/20/2026
Description
Unit consists of two 3 BR/2 BA units (1131 SF & 1209 SF), with one 2 BR/1 BA (698 SF). Upper 3 BR unit has a view of the city. Two HVAC units replaced in 2025. Water heaters have been replace within the past 5 years.
More Information MLS# 6987508
Contract Info
Ownership: Fee Simple
Current Price: $699,990
List Price: $699,990
Status: Active
List Date: 2026-02-20
Location, Tax & Legal
Assessor's Map #: 61
Legal Description (Abbrev): WIER ESTATES LOT 87 E2
Assessor's Parcel #: 60
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 116100
Taxes: 973
Legal: WIER ESTATES LOT 87 E2
Marketing Name: WIER ESTATES
House Number: 2831
Compass: E
Street Name: MOBILE
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 0767
County Code: Maricopa
Subdivision: WIER ESTATES LOTS 11-32 53-74
Assessor Number: 122-61-060-A
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 59'x128'
Total # of Units: 3
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Percy L Julian School
Jr. High School: Percy L Julian School
High School: South Mountain High School
Year Built: 1985
Zoning: R3
Legal Info
Range: 3E
Section: 26
Township: 1N
Lot Number: 87
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Laminate: 1
Tile: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 480
Annual Gas Exp: 0
Annual Ins Exp: 3703
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 1200
Annual Wtr/Swr Exp: 2400
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 8756
Other Income: 900
Vacancy Allowance: 0.05
Adjusted Gross Inc: 47013.6
Total Monthly Rental Income: 4049
Pmt & Rate Info
Cap Rate: 5.82
Down Payment: 0
Equity: 699990
1st Encumbrance: 0
Down Payment %: 0
Monthly Payments: 0
1st Interest Rate: 0
1st Payment: 0
2nd Encumbrance: 0
2nd Payment: 0
3rd Encumbrance: 0
3rd Payment: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Forced Air: 1
Heat Pump: 1
Individual: 1
2 or More Units: 1
Cooling
Central Air: 1
Electric: 1
Individual: 1
2 or More Units: 1
Exterior Amenities
Desert Landscaping: 1
Tenant Pays
Electricity: 1
Appliances Included
Free-Standing Electric Oven: 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
>1 Space Per Unit: 1
Paved: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 623-925-8000
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1025
Avg SqFt: 698
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1512
Avg SqFt: 1170
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 32nd St and Broadway Rd.
Directions: 32nd St. south of Broadway Rd to Mobile lane, west to property.
Geo Lat: 33.401241
Geo Lon: -112.020108
Income Expenses
Gross Annual Sch Inc: 48588
Net Operating Income: 40732
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Laminate; Tile; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Appliances Included: Free-Standing Electric Oven; Free-Standing Range
Heating: Forced Air; Individual; Heat Pump; 2 or More Units
Cooling: Electric; Individual; Central Air; 2 or More Units
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; FHA; Conventional
Environmental: None
Documents
ABA ›
Listing Office:
RE/MAX Fine Properties
Last Updated: February - 20 - 2026
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