116 N 11TH Avenue 1 & 2, Phoenix, AZ 85007

$749,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $749,000 Last Modified: 11/20/2025

Description

Recently built duplex located in Historic Downtown Phoenix! TOTAL LIVABLE SQAURE FOOTAGE 3030 SQ FT. EACH UNIT IS 1515 SQ FT. which include 3 bedrooms, 2.5 bathrooms, a spacious open floor plan and large master suite. Kitchen has all the upgrades a tenant would ever want with beautiful quartz countertops, a large island, stainless steel appliances, and all white cabinets. In Unit Washers & Dryers included. 1 car detached garage for EACH unit and shared private yard. Central location provides access to all downtown amenities and light rail. Left Unit active lease. RIGHT UNIT VACANT.

More Information MLS# 6905172

Contract Info

Ownership: Fee Simple Current Price: $749,000 Sold Price: $749,000 Status: Closed List Date: 2025-08-13

Location, Tax & Legal

Unit #: 1 & 2 Assessor's Map #: 3 Legal Description (Abbrev): LOT 7 WALKER SUB MCR 000310 Assessor's Parcel #: 28 Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 114301 Taxes: 5868 Legal: LOT 7 WALKER SUB MCR 000310 Marketing Name: Walker Sub House Number: 116 Compass: N Street Name: 11TH St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85007 Zip4: 2741 County Code: Maricopa Subdivision: WALKER SUB Assessor Number: 112-03-028 Tax Year: 2024

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 2 Lot Size Dimensions: 51 X 124 Flood Zone: No Total # of Units: 2 Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District Elementary School: Capitol Elementary School Jr. High School: Capitol Elementary School High School: Central High School Year Built: 2021 Zoning: R-5

Legal Info

Range: 3E Section: 7 Township: 1N Lot Number: 7

Project Type

Duplex: 1

Construction

Wood Frame: 1

Const - Finish

Board & Batten Siding: 1 Painted: 1 Stucco: 1

Roofing

Composition: 1

Floors

Vinyl: 1

Sale Includes

Building(s) Only: 1 Laundry Equipment: 1

Income & Expenses

Annual Mgmt Exp: 3154 Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 9022 Other Income: 0 Vacancy Allowance: 0.05 Adjusted Gross Inc: 50513.4

Pmt & Rate Info

Cap Rate: 5.43 Down Payment %: 5 Monthly Payments: 1 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1

Lockbox Type

Supra: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Ceiling Fan(s): 1 Electric: 1

Exterior Amenities

Landscape Water System: 1 Desert Landscaping: 1 Fenced: 1 Patio/Balcony: 1 Security Light(s): 1

Interior Features

Fire/Smoke Alarm(s): 1 Mini Blinds: 1 Breakfast Bar: 1

Tenant Pays

Water: 1 Electricity: 1 Trash Collection: 1 Cable TV: 1

Appliances Included

Dishwasher: 1 Disposal: 1 Microwave: 1 Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1 W/D Hookup: 1

Road Access Type

Alley: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Garage: 1 On Street: 1 >1 Space Per Unit: 1 Paved: 1 Assigned: 1

Electric

APS: 1

Gas

None: 1

Owner Pays

Water: 1 Trash Collection: 1 Landscaping: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1 1031 Exchange: 1

Special

Owner/Agent: 1

Existing 1st Loan

Conventional: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

# 3 Bedroom Units: 2 Avg Rent: 2395 Avg SqFt: 1515 # Baths: 3

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: VA Loan Years: 30 Closing Cost Split: Normal - N Payment Type: Fixed Buyer Concession to Seller: 0 Buyer Concession $/%: % Seller Concession to Buyer: 1.5 Seller Concession $/%: %

Remarks Misc

Cross Street: W Adams St. & N 11th Ave. Directions: South on N 7th Ave. West on W Adams St. North on N 11th Ave. Duplex is on the left hand side. Geo Lat: 33.449834 Geo Lon: -112.087366

Status Change Info

Off Market Date: 2025-10-22 Under Contract Date: 2025-10-21 Close of Escrow Date: 2025-11-19 Sold Price: $749,000

Income Expenses

Gross Annual Sch Inc: 53172 Net Operating Income: 43159.4

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Board & Batten Siding; Painted; Stucco Roofing: Composition Floors: Vinyl Sale Includes: Building(s) Only; Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Patio/Balcony; Security Light(s) Interior Features: Fire/Smoke Alarm(s); Mini Blinds; Breakfast Bar Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Garage; On Street; >1 Space Per Unit; Assigned; Paved Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Water; Electricity; Trash Collection; Cable TV Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Existing 1st Loan: Conventional New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
Listing Office: Realty ONE Group
IDX
Last Updated: November - 20 - 2025
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