1305 E MADISON Street, Phoenix, AZ 85034 (MLS# 6948798)

Contract Info

Ownership: Fee Simple Current Price: $1,525,000 List Price: $1,525,000 Status: Active List Date: 2025-11-17

Location, Tax & Legal

Assessor's Map #: 49 Legal Description (Abbrev): COLLINS Assessor's Parcel #: 29 Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 114000 Taxes: 1220 Legal: COLLINS Marketing Name: Collins House Number: 1305 Compass: E Street Name: MADISON St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85034 Zip4: 2320 County Code: Maricopa Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 39-40 Assessor Number: 116-49-029 Tax Year: 2024

General Property Description

# of Buildings: 2 Uncvrd Parking Spcs: 8 Lot Size Dimensions: 7000 sq feet Flood Zone: No Total # of Units: 4 Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District Elementary School: Garfield School Jr. High School: Garfield School High School: North High School Year Built: 2025 Zoning: R-3

Legal Info

Range: 3E Section: 9 Township: 1N Lot Number: 11

Project Type

Four Plex: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1 Stone: 1

Roofing

Composition: 1

Floors

Vinyl: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Ins Exp: 2000 Annual Landscape Exp: 1500 Annual Trash Exp: 300 Annual Wtr/Swr Exp: 1500 Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 6520 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 88800

Pmt & Rate Info

Cap Rate: 5.4 Equity: 1525000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

Combo: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Ceiling Fan(s): 1 Electric: 1

Tenant Pays

Electricity: 1 Cable TV: 1

Appliances Included

Dishwasher: 1 Disposal: 1 Free-Standing Electric Oven: 1 Microwave: 1 Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1

Road Access Type

City Street: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Road Responsibility

City Maintained Road: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Free: 1

Electric

APS: 1

Gas

SW Gas: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1 See Remarks: 1

New Financing

Cash: 1 Conventional: 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

Other (See Remarks): 1

Environmental

Other (See Remarks): 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 1900 Avg SqFt: 941 # Baths: 2

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: Madison and 13th St. Directions: Take Jefferson to 13th St. Go south on 13th St. Turn Left on Madison Property is second lot on the right Geo Lat: 33.445866 Geo Lon: -112.053888

Income Expenses

Gross Annual Sch Inc: 88800 Net Operating Income: 82280

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco; Stone Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Electric Oven; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Free Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection; Landscaping; See Remarks Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Lockbox Type: Combo Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Environmental: Other (See Remarks)