716 E Portland Street, Phoenix, AZ 85006
$70,900
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$70,900
Last Modified:
2/25/2026
Description
GREAT INVESTMENT OPPORTUNITY!! A 4-Plex in historical area thats always rented!! With covered parking, copper piping, and patio,laundry. DONT MISS OUT!! Units are separately metered but owner pays gas and electric for the one bedroom units and common water heater. Apartment square footage is approx should verify during inspection period. Must be sold with triplex next door at 720 E Portland, MLS# 4581827.
More Information MLS# 4581774
Contract Info
Ownership: Fee Simple
Current Price: $70,900
Sold Price: $70,900
Status: Closed
List Date: 2011-05-09
Location, Tax & Legal
Assessor's Map #: 31
Assessor's Parcel #: 33
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Taxes: 1761.2
Legal: Brill MCR 2-45 W-2 Lot5 BLK2
Marketing Name: Great Location
Map Code/Grid: P34
House Number: 716
Compass: E
Street Name: Portland
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
County Code: Maricopa
Assessor Number: 116-31-033-A
Tax Year: 2010
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: IRR
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Garfield School
Year Built: 1955
Zoning: Multi
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 1680
Annual Gas Exp: 1200
Annual Ins Exp: 668
Annual Land Lse Exp: 0
Annual Landscape Exp: 540
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1980
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 7829.2
Other Income: 1200
Vacancy Allowance: 5
Adjusted Gross Inc: 110400
Total Monthly Rental Income: 2200
Pmt & Rate Info
Cap Rate: 27.1
Down Payment: 0
Equity: 70900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Evaporative Cooling: 1
Exterior Amenities
Fenced: 1
Interior Features
Unfurnished: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Dirt: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Special
Owner/Agent: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-712-9500
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 550
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 550
Avg SqFt: 850
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: 7th Street & Portland
Directions: 7th Street Sout to Portland, East to property.
Geo Lat: 33.460305
Geo Lon: -112.064364
Status Change Info
Off Market Date: 2011-10-06
Under Contract Date: 2011-07-26
Close of Escrow Date: 2011-10-28
Sold Price: $70,900
Legal Info
Lot Number: 5
Income Expenses
Gross Annual Sch Inc: 26400
Net Operating Income: 19212
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator
Heating: Natural Gas
Cooling: Evaporative Cooling
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; >1 Space Per Unit
Road Surface Type: Gravel; Dirt; Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Special: Owner/Agent
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear; Other (See Remarks)
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
Listing Office:
AZREAPM
Last Updated: February - 25 - 2026
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