1232 E VIRGINIA Avenue, Phoenix, AZ 85006

$895,000

Property Type: Multiple Dwellings Status: Active

Current Price: $895,000 Last Modified: 5/10/2026

Overview

Description

Rare multi-family investment opportunity in central Phoenix's desirable 85006 neighborhood. Well-located brick-constructed building with three units on a generous lot, offering paved assigned parking. The property features central air conditioning, natural gas heating, and concrete flooring, and includes standard appliances. Tenants pay electricity, gas, and cable. Conveniently situated near local amenities, transportation, and key urban corridors.

Listing Details MLS# 6988812

Location, Tax & Legal

House Number: 1232
Compass: E
Street Name: VIRGINIA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1151
Country: US
County Code: Maricopa
Subdivision: SOUTH COUNTRY CLUB MANOR
Assessor Number: 117-21-120
Tax Year: 2025
Assessor's Map #: 21
Legal Description (Abbrev): LOT 121 SOUTH COUNTRY CLUB MANOR MCR
Assessor's Parcel #: 120
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111700
Taxes: 1037
Legal: LOT 121 SOUTH COUNTRY CLUB MANOR MCR
Marketing Name: The Barrett In Coronado

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 120X62
Year Built: 1945
Uncvrd Parking Spcs: 6
Total # of Units: 3
# of Buildings: Yes
Zoning: R3
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
High School: North High School

Remarks Misc

Cross Street: 7th ST/Thomas

Legal Info

Township: 2N
Range: 3E
Section: 33
Lot Number: 121

Income Expenses

Gross Annual Sch Inc: 51000
Net Operating Income: 39620

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Phone Call: Yes

2 Bedroom Units

# 2 Bedroom Units: 3
Avg Rent: 1650
Avg SqFt: 740
# Baths: 2

Project Type

Tri-Plex: Yes

Construction

Brick: Yes

Const - Finish

Other (See Remarks): Yes

Roofing

Composition: Yes

Floors

Concrete: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 750
Annual Land Lse Exp: 0
Annual Landscape Exp: 500
Annual Legal & Acctg: 0
Annual Maint Exp: 500
Annual Mgmt Exp: 0
Annual Wtr/Swr Exp: 925
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Other Expense: 0
Operating Exp: 3712
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 48450

Pmt & Rate Info

Cap Rate: 4.4
Down Payment: 0
Equity: 900000
Down Payment %: 30
Monthly Payments: 2611
Total Owed: 0
Assessment Balance: 0

Payment Includes

Principal: Yes
Interest: Yes

Lockbox Type

Supra: Yes

Community Features

No Pool: Yes

Heating

Natural Gas: Yes

Cooling

Central Air: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Cable TV Available: Yes
Patio/Balcony: Yes
Pet Restrictions: Yes

Interior Features

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

Tenant Pays

Gas: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes
Paved: Yes
Assigned: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes
No Carry: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes
APOD/Backup Avaible: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Tri-Plex Construction: Brick Const - Finish: Other (See Remarks) Roofing: Composition Floors: Concrete Sale Includes: Land & Building Payment Includes: Principal; Interest Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Pet Restrictions Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Microwave; Washer/Dryer Heating: Natural Gas Cooling: Central Air Water Source: Master Meter Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit; Assigned; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Phone Call Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; No Carry Environmental: None

Documents

OM ›

Listing Office: Gile Commercial Real Estate

Last Updated: May - 10 - 2026