1435 E TAYLOR Street, Phoenix, AZ 85006

$7,650,000

Property Type: Multiple Dwellings Status: Active

Current Price: $7,650,000 Last Modified: 7/10/2026

Overview

Description

Row 31 is a newly constructed boutique style 31-unit community located at 1435 E Taylor St. in the desirable Garfield District just minutes from Downtown Phoenix. The asset offers investors a rare opportunity to acquire a fully modern, institutional quality infill property in one of Phoenix's most urban and transit-connected neighborhoods. Row 31 consists of a well-balanced unit mix of (2) studios, (18) one-bedroom, and (11) two-bedroom, two-bathroom residences, each featuring in-suite washer/dryer, stainless steel appliances, LVP flooring, quartz countertops, custom cabinetry, and smart home features. Construction finished earlier this year and the property is now nearing full occupancy.

Listing Details MLS# 7052542

Location, Tax & Legal

House Number: 1435
Compass: E
Street Name: TAYLOR
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3591
Country: US
County Code: Maricopa
Subdivision: GERMANIA PLACE LOTS 4-1115-19212231-36
Assessor Number: 116-18-114-A
Tax Year: 2025
Assessor's Map #: 18
Legal Description (Abbrev): GERMANIA PL MCR 3/52 LOT 33 EX BEG AT SW COR SDLOT TH E ALG S LN SD LOT TO SE COR LOT 33 TH N ALG E
Assessor's Parcel #: 114
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113201
Taxes: 1653
Legal: GERMANIA PL MCR 3/52 LOT 33 EX BEG AT SW COR SDLOT TH E ALG S LN SD LOT TO SE COR LOT 33 TH N ALG E
Marketing Name: Row 31

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 35501
Year Built: 1956
Uncvrd Parking Spcs: 40
Total # of Units: 31
# of Buildings: 2
Zoning: R-4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District

Legal Info

Township: 1N
Range: 3E
Section: 4
Lot Number: 33

Income Expenses

Gross Annual Sch Inc: 581100
Net Operating Income: 421196

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Phone Call: Yes

Efficiency Units

# Efficiency Units: 2
Avg Rent: 1275
Avg SqFt: 500
# Baths: 2

1 Bedroom Units

# 1 Bedroom Units: 18
Avg Rent: 1525
Avg SqFt: 600
# Baths: 18

2 Bedroom Units

# 2 Bedroom Units: 11
Avg Rent: 1675
Avg SqFt: 900
# Baths: 22

Project Type

25 - 50 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Construction Status

New Construction: Yes

Roofing

Other: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Ins Exp: 8153
Annual Landscape Exp: 6200
Annual Legal & Acctg: 7812
Annual Maint Exp: 9300
Annual Mgmt Exp: 29055
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 62173
Other Income: 39416
Vacancy Allowance: 0.05
Adjusted Gross Inc: 589490.2

Pmt & Rate Info

Cap Rate: 5.51
Equity: 7650000
Down Payment %: 7650000
Monthly Payments: 0
Total Owed: 0

Lockbox Type

See Private Remarks: Yes

Community Features

No Pool: Yes
Play Area: Yes
Other: Yes

Heating

Electric: Yes
Individual: Yes

Cooling

Electric: Yes
Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Patio/Balcony: Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Washer/Dryer: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes
1031 Exchange: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 25 - 50 Units Construction: Wood Frame Const - Finish: Stucco Construction Status: New Construction Roofing: Other Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool; Play Area; Other Exterior Amenities: Landscape Water System; Desert Landscaping; Patio/Balcony Interior Features: Unfurnished Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual Cooling: Electric; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: >1 Space Per Unit Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Phone Call Lockbox Type: See Private Remarks New Financing: Cash; Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: Matthews Real Estate Investment Services

Last Updated: July - 10 - 2026