805 E Turney Avenue, Phoenix, AZ 85014 (MLS# 6805525)

805 E Turney Avenue, Phoenix, AZ 85014

$800,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $800,000 Last Modified: 3/31/2026

Overview

Description

This versatile fourplex, ideally located in Midtown Phoenix, offers an incredible investment opportunity. The property has been extensively renovated inside and out. ***HOME WARRANTY INCLUDED*** The property includes a spacious 3-bedroom/1-bath unit, three 1-bedroom/1-bath units, and offers flexibility with fully rented market-price leases or short-term rental potential. Located in a thriving area undergoing significant development, the property is near notable landmarks such as Fate Brewery, new townhome projects, the VA Hospital, and prestigious schools like Brophy and Xavier Prep. Its central location offers easy access to Midtown and Downtown Phoenix.

Supplements: Whether looking to expand your portfolio, live in one unit while renting out the others, or leverage the short-term rental market, this turnkey fourplex is an opportunity you don't want to miss!

Listing Details MLS# 6805525

Location, Tax & Legal

House Number: 805
Compass: E
Street Name: Turney
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4124
Country: US
County Code: Maricopa
Subdivision: CAROLYN PLACE LOT 1-9, 46-54
Assessor Number: 155-19-030
Tax Year: 2024
Assessor's Map #: 19
Legal Description (Abbrev): CAROLYN PL LOT 36 N2
Assessor's Parcel #: 30
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108601
Taxes: 1598
Legal: CAROLYN PL LOT 36 N2
Marketing Name: Fourplex in Central PHX

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 9,605
Year Built: 1962
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 2
Zoning: R-4
Flood Zone: No
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Jr. High School: Osborn Middle School
High School: North High School

Remarks Misc

Cross Street: 7th St & Indian School
Directions: South on SR-51, Exit West on Camelback, Turn South in 7th St, Turn East on Turney. Property is on your right.

Status Change Info

Off Market Date: 2025-12-04
Under Contract Date: 2025-11-06
Close of Escrow Date: 2025-12-18

Legal Info

Township: 2N
Range: 3E
Section: 21
Lot Number: 36

More Information

Income Expenses

Gross Annual Sch Inc: 57300
Net Operating Income: 48608

Showing Notification Methods

Showing Service: No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units: 3
Avg Rent: 1058
Avg SqFt: 660
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1600
Avg SqFt: 1050
# Baths: Yes

Sold Info

Loan Type: Exchange
Payment Type: Fixed
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 1500
Seller Concession $/%: $
Buyer Concession to Seller: 0

Project Type

Four Plex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Laundry Equipment: Yes

Income & Expenses

Annual Elec Exp: 256
Annual Ins Exp: 1800
Annual Landscape Exp: 2400
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6054
Other Income: 0
Vacancy Allowance: 0.04
Adjusted Gross Inc: 55008
Total Monthly Rental Income: 0

Pmt & Rate Info

Cap Rate: 5.25
Equity: 925000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Central: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Exterior Amenities

Landscape Water System: Yes
Green Landscaping: Yes
Partially Fenced: Yes
Cable TV Available: Yes
Separate Storage: Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes

Tenant Pays

Gas: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

1 Space/Unit: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Landscaping: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Existing 1st Loan

Conventional: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Non Assumable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Water System; Green Landscaping; Partially Fenced; Cable TV Available; Separate Storage Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Central Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Landscaping Tenant Pays: Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: Rely Real Estate, LLC

Last Updated: March - 31 - 2026