$250,000
Phoenix, AZ 85042
MLS# 6988662
1 / 12
Property Description
Fantastic opportunity to own a well-performing duplex with an exceptional rental record. Nearly zero vacancy for the past five years. Zoned R-3, the 1970-built duplex features matching 1-bedroom, 1-bath units, each approximately 576 sq ft. The property features mini split A/C systems (2021), newer roof (2020), laundry hookups on the back patios, and long-term, stable tenants. Units are currently leased through 7/31/26 and 10/31/26 respectively providing predictable income from day one. Landlord pays water/sewer/trash; tenants pay all other utilities and expenses. Strong, consistent rents and low operating costs make this ideal for investors or an owner-occupant looking to house hack. Listing agent is related to owner/seller.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $250,000
List Price: $250,000
Status: Active
List Date: 2026-02-23
Location, Tax & Legal
Assessor's Map #: 8
Assessor's Parcel #: 9
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 1164
Taxes: 487.34
Legal: N 3/5 OF E2 NE4 SE4 NE4 EX S 200F & EX W 200F & EX N 121F TH/OF & EX RD P
Marketing Name: N/A
House Number: 6410
Compass: S
Street Name: 7TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85042
Zip4: 4213
Country: US
County Code: Maricopa
Assessor Number: 114-08-009-B
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 6447
Flood Zone: No
Total # of Units: 2
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Year Built: 1970
Zoning: R-3 Mutlifamily
Legal Info
Range: 3E
Section: 32
Township: 1N
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 1000
Annual Wtr/Swr Exp: 2760
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4247.34
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 22800
Total Monthly Rental Income: 1900
Pmt & Rate Info
Cap Rate: 7.62
Equity: 250000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Window/Wall Unit: 1
Exterior Amenities
Fenced: 1
Patio/Balcony: 1
Tenant Pays
Electricity: 1
Landscaping: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 950
Avg SqFt: 576
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 7th St. and Southern
Directions: From 1-17 head south on 7th street. Continue approx. 1/4 mile south of Southern avenue and property will be on the west side.
Geo Lat: 33.388171
Geo Lon: -112.064947
Income Expenses
Gross Annual Sch Inc: 22800
Net Operating Income: 19040
Property Features
Project Type: Duplex
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Concrete
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced; Patio/Balcony
Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer
Cooling: Window/Wall Unit
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: 1 Space/Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Landscaping
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Real Broker
Last Updated: April - 28 - 2026
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