Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,635,000
Last Modified:
10/20/2025
Search
1002 N 27TH Place, Phoenix, AZ 85008
$1,635,000
Description
Fantastic Investment Opportunity!
This well-maintained Multi-Family Property features three separate buildings, each with two spacious units — totaling six 2 bed / 2 bath units, each approximately 1,200 sq ft. Great rental history and upside potential!
Exterior of all buildings was freshly painted in June 2023, and interiors have been updated with new paint as well. The property includes four newer A/C units, with the remaining two approximately 10 years old. The roof was replaced 5 years ago with high-quality 40-year shingles, offering peace of mind for years to come.
Tenants and guests will appreciate the ample parking area, designed to comfortably accommodate residents and visitors alike. Sale includes two parcels:
APN #121-76-050-B APN #121-76-050-C
Supplements: Both lots have separate dimensions per plat records and are being sold together. Don't miss out on this exceptional income-producing property with strong fundamentals and recent upgrades!
More Information MLS# 6936056
Contract Info
Ownership: Fee Simple
Current Price: $1,635,000
List Price: $1,635,000
Status: Active
List Date: 2025-10-20
Location, Tax & Legal
Assessor's Map #: 76
Legal Description (Abbrev): DEL REY MCR 14/5 LOT 119 E2 EX N 39F & EX E 25F RD & EX 12F RAD CUR D/P 84 122916
Assessor's Parcel #: 50
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 113501
Taxes: 1876
Legal: DEL REY MCR 14/5 LOT 119 E2 EX N 39F & EX E 25F RD & EX 12F RAD CUR D/P 84 122916
Marketing Name: Del Rey Lots 101-140
House Number: 1002
Compass: N
Street Name: 27TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 4979
County Code: Maricopa
Subdivision: DEL REY LOTS 101-140
Assessor Number: 121-76-050-C
Tax Year: 2025
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 15
Lot Size Dimensions: 124x133
Flood Zone: No
Total # of Units: 6
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: The Creighton Academy
Jr. High School: Gateway School
High School: Camelback High School
Year Built: 1983
Zoning: Multi-Family
Legal Info
Range: 3E
Section: 2
Township: 1N
Lot Number: 119
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Ins Exp: 4153
Annual Trash Exp: 2400
Annual Wtr/Swr Exp: 4800
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 13229
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 106800
Pmt & Rate Info
Cap Rate: 5.72
Equity: 1635000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
2 or More Units: 1
Cooling
Electric: 1
2 or More Units: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Curb(s) & Gutter(s): 1
Satellite Dish: 1
Cable TV Available: 1
Sidewalk(s): 1
TV Antenna: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Add'l Parking Avail: 1
Electric
APS: 1
City Electric: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 1500
Avg SqFt: 1200
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 24th St and Roosevelt
Directions: 202 to 24th Street, South to Roosevelt, East to 27th Place. Property is located on the NW Corner of 27th Place and Roosevelt.
Geo Lat: 33.458762
Geo Lon: -112.022934
Income Expenses
Gross Annual Sch Inc: 106800
Net Operating Income: 93571
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Curb(s) & Gutter(s); Satellite Dish; Cable TV Available; Sidewalk(s); TV Antenna
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Disposal; Microwave; W/D Hookup
Heating: 2 or More Units
Cooling: Electric; 2 or More Units
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; City Electric; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Add'l Parking Avail
Road Surface Type: Asphalt; Concrete
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office:
Kristopher Realty
Last Updated: October - 20 - 2025
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