2957 E ATLANTA Avenue, Phoenix, AZ 85040

$485,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $485,000 Last Modified: 7/01/2026

Overview

Description

A great multifamily property. Priced to sell. All units are occupied. All units are 2 bedrooms, 1 bath, nice size units, 724 sf each.

Listing Details MLS# 6573656

Location, Tax & Legal

Map Code/Grid: R35
House Number: 2957
Compass: E
Street Name: ATLANTA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 0758
Country: US
County Code: Maricopa
Subdivision: WIER ESTATES LOTS 11-32, 53-74
Assessor Number: 122-60-088-B
Tax Year: 2022
Assessor's Map #: 60
Legal Description (Abbrev): WIER ESTATES MCR 35-43 E2 LOT 140 EX 12F RAD CUR IN NE COR TH/OF
Assessor's Parcel #: 88
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 116100
Taxes: 719
Legal: WIER ESTATES MCR 35-43 E2 LOT 140 EX 12F RAD CUR IN NE COR TH/OF
Marketing Name: Wier Estates

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: Wier Estates
Year Built: 1985
Uncvrd Parking Spcs: 5
Total # of Units: 3
# of Buildings: Yes
Zoning: R-3
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Roosevelt Elementary School

Remarks Misc

Cross Street: E Southern Ave and E Broadway Road
Directions: Located between major cross streets E Southern Ave and E Broadway Road, on the corner of S 31st street and E Atlanta Ave

Status Change Info

Off Market Date: 2023-08-26
Under Contract Date: 2023-08-01
Close of Escrow Date: 2023-09-06

Legal Info

Township: 1N
Range: 3E
Section: 26
Lot Number: 140

More Information

Income Expenses

Gross Annual Sch Inc: 39480
Net Operating Income: 27000

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1100
Avg SqFt: 724
# Baths: Yes

Sold Info

Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Tri-Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Landscape Exp: 960
Annual Mgmt Exp: 1764
Annual Trash Exp: 1085
Annual Wtr/Swr Exp: 6000
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 10528
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 39480

Pmt & Rate Info

Cap Rate: 5.1
Equity: 529000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

Phone Call: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Ceiling: Yes

Cooling

Central Air: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Concrete: Yes

Source of Fincl Data

Accountant: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Paved: Yes

Electric

City Electric: Yes

Gas

City Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Landscaping: Yes

New Financing

Conventional: Yes

Existing 1st Loan

Conventional: Yes

Reports/Disclosures

None: Yes

Environmental

None: 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: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator Heating: Ceiling Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: City Electric Gas: City Gas Parking Features: Paved Road Surface Type: Concrete Owner Pays: Water; Landscaping Tenant Pays: Electricity Source of Fincl Data: Accountant Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan: Conventional New Financing: Conventional Environmental: None

Listing Office: Congress Realty, Inc.

Last Updated: July - 01 - 2026

Broker Attribution: 888-881-4118