2905 E MONROE Street, Phoenix, AZ 85034
$585,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$585,000
Last Modified:
5/13/2025
Description
Want to do a House Hack? Check out this 4-Plex. Each private residence has two bedrooms and one bath all on a single level. Upon entering through the gated entrance you will see well-appointed private entrances. The floor plans are open-concept and spacious with an abundance of storage. Professionally maintained and managed, the exterior was recently painted. The community has a nice private patio area for enjoying the Phoenix climate. The location is surrounded by redevelopment and growth, with a large age-restricted community being built one block away. Contact Listing Broker for lucrative financing options as an Owner Occupant doing a House Hack! See attached Rent and Property Details in Documents!
More Information MLS# 6797645
Contract Info
Current Price: $585,000
Sold Price: $585,000
Status: Closed
List Date: 2024-12-26
Ownership: Fee Simple
Location Tax Legal
House Number: 2905
Compass: E
Street Name: MONROE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85034
Zip4: 1547
Country: US
County Code: Maricopa
Subdivision: EL MOLINO PLACE
Assessor Number: 121-65-082
Tax Year: 2024
General Property Description
Lot Size Dimensions: 7250
Year Built: 1985
Uncvrd Parking Spcs: 5
Total # of Units: 4
# of Buildings: 1
Zoning: UNKNOWN
Flood Zone: No
Elementary School District: Wilson Elementary District
High School District: Phoenix Union High School District
Jr. High School: Wilson Elementary School
Remarks Misc
Cross Street: Van Buren and 24th St
Geo Lat: 33.449996
Geo Lon: -112.018886
Status Change Info
Status Change Date: 2025-05-13
Off Market Date: 2025-04-21
Under Contract Date: 2025-04-10
Close of Escrow Date: 2025-05-12
Sold Price: $585,000
Legal Info
Township: 1N
Range: 3E
Section: 11
Block: 4
Lot Number: 19
Income Expenses
Gross Annual Sch Inc: 41100
Net Operating Income: 33864
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
Avg Rent: 825
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 950
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
Avg Rent: 825
4 Bedrooms Units
Avg Rent: 825
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Range
Heating: Heat Pump
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Paved
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Special: Owner/Agent
Lockbox Type: See Private Remarks
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; FHA; Conventional; 1031 Exchange
Environmental: None
Documents
Rent and Property Details ›Listing Office: Phoenix Urban Spaces
Last Updated: May - 13 - 2025
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