3516 W VERNON Avenue 3, Phoenix, AZ 85009

$418,000
Property Type: Multiple Dwellings Bedrooms: 7 Baths: 4 Status: Closed
Current Price: $418,000 List Date: 5/31/2024 Last Modified: 10/28/2026

Overview

Description

Investment Opportunity! Presenting a fully occupied Triplex featuring two one-bedroom, one-bath units, and a two-bedroom, one-bath unit. Convenient location, this property offers an ideal blend of accessibility and tranquility. To honor the privacy and comfort of our tenants, kindly refrain from disturbances. Drive-by viewings only, please. An excellent addition for an investor portfolio or an owner occupy in one unit and rent the other two.

Listing Details MLS# 6712475

Location, Tax & Legal

House Number
3516
Compass
W
Street Name
VERNON
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85009
Zip4
1278
Country
US
County Code
Maricopa
Subdivision
FAIRFIELD
Assessor Number
108-14-031
Tax Year
2023

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
60X122 IRR
Year Built
1958
Total # of Units
3
# of Buildings
Yes
Zoning
MULTI
Flood Zone
No
Elementary School District
Isaac Elementary District
High School District
Phoenix Union High School District
Elementary School
Isaac E Imes School

Remarks Misc

Cross Street
From 35th Ave: Head west on W. Vernon
Directions
35th Ave south of Thomas Directions: From 35th Ave: Head west on W. Vernon. Property on the right/north side of street.

Status Change Info

Off Market Date
2024-06-21
Under Contract Date
2024-05-30
Close of Escrow Date
2024-06-28

Legal Info

Township
2N
Range
2E
Section
34
Lot Number
6

More Information

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
750
Avg SqFt
600
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
995
Avg SqFt
550
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
950
Avg SqFt
550
# Baths
Yes

Structure

Bedrooms Total
7
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
32340
Net Operating Income
16170

Showing Notification Methods

Showing Service
Aligned Showings

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Buyer - B
Buyer Concession $/%
%
Seller Concession $/%
%

Property Features

Project Type: Tri-Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Curb(s) & Gutter(s) Interior Features: Unfurnished Appliances Included: Built-In Range Heating: Other Cooling: Electric Water Source: Master Meter Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Carport; <1 Space Per Unit Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner; Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Other Existing 1st Loan: FHA; Conventional; Private; Treat as Free&Clear Existing 1st Loan Type: Not Applicable 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: Cash; VA; FHA; Conventional; No Carry Environmental: None
IDX
Listing Office: HomeSmart
Office Phone: 480-443-7400
Office Email: rlarue@hsmove.com
Last Updated: October - 28 - 2026
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