Address
1724 S 1st Street, Phoenix, AZ
Price
$ 699,900
Property Attributes
- MLS#7053495
- TypeMulti-Family
- Listing Status Active
- CountyMARICOPA
- CityPhoenix
- NeighborhoodCOPE ADD BLKS 7-10
- Zip85004
- StyleMultiple Dwellings
- Year Built2025
- Taxes$ 660
- Price$ 699,900
- Bedrooms6
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description
SELLER OFFERING $12,000 IN CLOSING CONCESSIONS! Use toward an interest-rate buydown or eligible closing costs. Built in 2025 with $70K+ in premium custom upgrades, this turnkey Central Phoenix duplex features two spacious 3BR/2BA units. Interior highlights include tile flooring throughout, high-efficiency spray foam insulation, private laundry rooms, and all appliances. Exterior features include a gated/fenced front yard, covered outdoor pergola with ceiling fans, artificial turf, privacy ficus trees, and separate RV gates. Unit 2 boasts newly renovated bathrooms. Separate electric meters; tenants pay water, sewer, and electric. Strong income potential with multiple rental strategies. Perfect for investors or owner-occupants!
| Elementary School | Middle School | High School |
|---|---|---|
| Silvestre S Herrera School Elementary School | Silvestre S Herrera School Middle School | Central High School |
| Price History | |
|---|---|
| 7/13/2026 | Listed $749,900 |
| 8/1/2026 | 4$724,900 |
| 8/20/2026 | 4$699,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Electric |
| Cooling | Central Air,Ceiling Fan(s),Electric |
| Roof | Composition |
| Zoning | R-3 |
| Construction Materials | Wood Frame,Stucco |
| Year Built | 2025 |
| Electric | SRP |
| Township | 1N |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Gross Income | 59280.0 |
| OwnerPays | None |
| Community Features | No Pool |
| County | Maricopa |
| Net Operating Income | 58530.0 |
| Operating Expense | 1410.0 |
| Insurance Expense | 750.0 |
| New Construction | No |
| Property Type | Multiple Dwellings |
| Attached Garage | No |
| Subdivision Name | COPE ADD BLKS 7-10 |
| Garage Y/N | No |
| Status | Active |
| High School | Central High School |
| City | Phoenix |
| Disclosures | Seller Prop Disc Stm |
| High School District | Phoenix Union High School District |
| Open Parking Spaces | 4.0 |
| Number Of Units Total | 2 |
| Carport Y/N | No |
| Elementary School | Silvestre S Herrera School |
| Tax Annual Amount | 660.0 |
| Electric Expense | 0.0 |
| Fuel Expense | 0.0 |
| Middle/Junior High School | Silvestre S Herrera School |
| Trash Expense | 0.0 |
| Water Sewer Expense | 0.0 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Elementary School District | Phoenix Elementary District |
| Tax Lot | 11 |
| Cap Rate | 8.36 |
| MobileHomeRemainsYN | No |
| New Financing: Conventional | True |
| Ownership | Fee Simple |
| Senior Community | No |
| New Financing: FHA | True |
| New Financing: Cash | True |
| New Financing: VA | True |
Interior Features
| Flooring | Ceramic Tile |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Total Bedrooms | 6 |
| Total Baths | 4 |
Exterior Features
| Parking Features | >1 Space Per Unit,Carport |
|---|---|
| Water Source | City Franchise |
| Total Parking | 6.0 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | 112x82 |
| Road Surface Type | Asphalt |
| Covered Spaces | 2.0 |
| Crops Included Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 85004
Price
Taxes
Year Built
Visits
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