1021 E PIERCE Street, Phoenix, AZ 85006

$1,265,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $1,265,000 Last Modified: 3/22/2025

Description

1021 E Pierce St is a 4-unit, garden-style property, built in 2006. The property offers an excellent investment opportunity in the sought-after Garfield Historic District. Each unit features 3 bedrooms, 2 bathrooms, and 950 square feet of living space. The property includes washer & dryer hookups in every unit and is individually metered for electricity. Residents also enjoy a landscaped community yard and an on-site parking lot. With value-add potential through continued interior and exterior renovations, the property is also extremely well located within walking distance of Arizona State University's Downtown Campus, Chase Field, and the vibrant dining and entertainment scene of Downtown Phoenix.

More Information MLS# 6812277

Contract Info

Current Price: $1,265,000 Sold Price: $1,265,000 Status: Closed List Date: 2025-01-29 Ownership: Fee Simple

Location Tax Legal

House Number: 1021 Compass: E Street Name: PIERCE St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85006 Zip4: 3379 Country: US County Code: Maricopa Subdivision: MT PLEASANT TRACT BLOCKS 2-5 Assessor Number: 116-27-111 Tax Year: 2024

General Property Description

Lot Size Dimensions: 6,875 sqft Year Built: 2006 Uncvrd Parking Spcs: 6 Total # of Units: 4 # of Buildings: 1 Zoning: R-3 Flood Zone: No Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District

Remarks Misc

Cross Street: East Pierce Street & North 11th Street Geo Lat: 33.455531 Geo Lon: -112.059483

Status Change Info

Status Change Date: 2025-03-22 Off Market Date: 2025-03-22 Under Contract Date: 2025-02-03 Close of Escrow Date: 2025-03-21 Sold Price: $1,265,000

Legal Info

Township: 1N Range: 3E Section: 4 Lot Number: 11

Income Expenses

Gross Annual Sch Inc: 100800 Net Operating Income: 75906

Showing Notification Methods

Showing Service: Non-MLS Showing Service - See Private Remarks

3 Bedrooms Units

# 3 Bedroom Units: 4 Avg Rent: 2100 Avg SqFt: 950 # Baths: 2

Sold Info

Loan Type: VA Payment Type: Other Closing Cost Split: Normal - N Buyer Concession $/%: % Seller Concession to Buyer: 4 Seller Concession $/%: %

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Synthetic Stucco Roofing: Tile Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Green Landscaping; Fenced Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave; W/D Hookup Heating: Individual Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: Individual Meter Gas: None Parking Features: 1 Space/Unit; Paved Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Mech-box / Combo New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Listing Office: ABI Multifamily

Last Updated: March - 22 - 2025

1021 E PIERCE Street, Phoenix, AZ 85006 (MLS# 6812277)