1235 E WOOD Street, Phoenix, AZ 85040

$429,000

Property Type: Multiple Dwellings Status: Active

Current Price: $429,000 Last Modified: 5/10/2026

Overview

Description

Fantastic masonry (block) duplex built in 2003 offering strong income potential & flexible living options. Each spacious unit features approximately 1,120 sq ft w/ 3 beds & 2 full baths. Both units showcase durable tile flooring throughout, ceiling fans in every room, and bright, open great rooms designed for comfortable living. Functional ''L''-shaped kitchens include refrigerator, stove/oven, and garbage disposal, while all-electric systems help simplify maintenance. Major updates include brand new 2025 electric A/C and heating systems for both units, plus one new water heater. Large front patio along with private side and backyard spaces. Conveniently located near schools, shops and hiking trails. Currently tenant occupied, units leased at $1187 and $1090. Please do not disturb tenants.

Supplements: Access will be arranged upon accepted contract. Ideal for investors or owner-occupants seeking immediate rental income and long-term value!

Listing Details MLS# 6989977

Location, Tax & Legal

House Number: 1235
Compass: E
Street Name: WOOD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1221
Country: US
County Code: Maricopa
Subdivision: CENTERGROVE TRACT 1 THROUGH 16
Assessor Number: 113-25-011-D
Tax Year: 2025
Assessor's Map #: 25
Legal Description (Abbrev): CENTERGROVE TRACT MCR 18-7 LOT 10 EX W 76F & EX E 150F
Assessor's Parcel #: 11
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 115300
Taxes: 754
Legal: CENTERGROVE TRACT MCR 18-7 LOT 10 EX W 76F & EX E 150F
Marketing Name: Unknown

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: irregular
Year Built: 2003
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: Yes
Zoning: R-4
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Irene Lopez School
Jr. High School: Irene Lopez School
High School: South Mountain High School

Remarks Misc

Cross Street: 7th St. and Broadway Rd.
Directions: From 7th St. go East on Broadway Rd. Turn L on S 12th St. R on E Wood St. The property is on the right.

Legal Info

Township: 1N
Range: 3E
Section: 21
Lot Number: 10

Income Expenses

Gross Annual Sch Inc: 27840

More Information

Showing Notification Methods

Showing Service: Aligned Showings

3 Bedrooms Units

# 3 Bedroom Units: 2
Avg Rent: 1138
Avg SqFt: 1120
# Baths: 2

Project Type

Duplex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 754
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 27840

Pmt & Rate Info

Equity: 450000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Supra: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes

Exterior Amenities

Partially Fenced: Yes
Patio/Balcony: Yes

Tenant Pays

Water: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes
Landscaping: Yes

Appliances Included

Disposal: Yes
Free-Standing Electric Oven: Yes
Refrigerator: Yes
Free-Standing Range: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Paved: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Duplex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Partially Fenced; Patio/Balcony Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Disposal; W/D Hookup Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Paved Road Surface Type: Asphalt Owner Pays: Water Tenant Pays: Water; Electricity; Trash Collection; Cable TV; Landscaping Source of Fincl Data: Owner Lockbox Type: Supra Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Environmental: None

Listing Office: Redfin Corporation

Last Updated: May - 10 - 2026