$350,000
Phoenix, AZ 85012
MLS# 7013221
1 / 13
Property Description
Phoenix Towers is a premier Midtown Phoenix high-rise offering an iconic, highly visible address on Central Ave. This unit is Ideal for corporate headquarters, professional services, or creative offices.. The building is Conveniently located minutes from downtown, I-10/I-17, top dining and cultural destinations. Ample tenant/visitor parking, controlled access and building services. Unit 435 is leased through 2028 making it ideal for an investor or future owner user. Owner is open to seller financing with 20% down. HOA maintains the building a common areas. The building has had the roofs replaced and is in the process of being painted. The HOA has a healthy reserve fund. Current Dues pay for all utilities, parking, building maintenance/upkeep, and contributions to reserve.
Details
Maps
Contract Info
Ownership: Condominium
Current Price: $350,000
List Price: $350,000
Status: Active
List Date: 2026-04-13
Location, Tax & Legal
Unit #: 435
Assessor's Map #: 35
Legal Description (Abbrev): LOT 435 PHOENIX PROFESSIONAL TOWER CONDOMINIUM 2ND AMD MCR 088609
Assessor's Parcel #: 152
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 110502
Taxes: 4120
Legal: LOT 435 PHOENIX PROFESSIONAL TOWER CONDOMINIUM 2ND AMD MCR 088609
House Number: 3033
Compass: N
Street Name: CENTRAL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85012
Zip4: 2805
County Code: Maricopa
Subdivision: PHOENIX PROFESSIONAL TOWER CONDOMINIUM 2ND AMD
Assessor Number: 118-35-152
Tax Year: 2025
General Property Description
Ttl Apx SqFt Bldg: 123389
# of Buildings: 1
Uncvrd Parking Spcs: 1
Year Built: 1974
Zoning: C-2
Currently Not Used
Sold Price Per SqFt: 2.84
Legal Info
Range: 3E
Section: 29
Township: 2N
Lot Number: 435
Construction
Block: 1
Metal: 1
Roofing
Built-Up: 1
Foam: 1
Rolled: 1
Floors
Vinyl: 1
Carpet: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 1695.49
Operating Exp: 5815.49
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 44539.2
Building Type
Commercial: 1
Office: 1
Business Type
Professional/Office: 1
Pmt & Rate Info
Cap Rate: 5.74
Equity: 350000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
Other: 1
Cooling
Chiller System: 1
Interior Features
Phone Available: 1
Other (See Remarks): 1
Loading Facilities
None: 1
Exterior
Landscaping: 1
Security Light(s): 1
Source of Fincl Data
Owner: 1
Fencing
None: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Structure: 1
Electric
APS: 1
Gas
None: 1
New Financing
Owner May Carry: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Remarks Misc
Cross Street: Central Ave & Earll
Geo Lat: 33.48348
Geo Lon: -112.073012
Income Expenses
Gross Annual Sch Inc: 44539.2
Net Operating Income: 20073.32
Property Features
Building Type: Commercial; Office
Business Type: Professional/Office
Construction: Block; Metal
Roofing: Built-Up; Foam; Rolled
Floors: Vinyl; Carpet
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Other
Cooling: Chiller System
Loading Facilities: None
Interior Features: Phone Available; Other (See Remarks)
Exterior: Landscaping; Security Light(s)
Fencing: None
Parking Features: Parking Structure
Electric: APS
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Owner May Carry
Lockbox Type: None
Source of Fincl Data: Owner
Environmental: None
Listing Office: West USA Realty
Last Updated: April - 20 - 2026
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