1320 W FILLMORE Street
Phoenix, AZ, 85007 $ 525,000
Baths0.0 Monthly Estimate*
$ 3,489
Studio
for $525,000. This home was built in 1920.
This charming historical triplex with R-5 zoning is seated in the heart of the Grand Avenue Arts District, and is a special and rare opportunity for an investor, or an owner occupant, to plant roots in a community that is both vibrant, and growing. 1320 W Fillmore is walking distance from the main Grand Ave art walk street full of galleries, restaurants, unique retail stores, makers' studios, salons, and boutiques. This 1920s built bungalow features historical details that make it stand out, including 10 ft ceilings, a deep front porch visiting area, beautiful original pine hardwood flooring, cast iron claw foot tub, paneled hardwood doors with original hardware, and historic sash windows t/o. Modernized upgrades and updates include totally updated electrical and plumbing, newer roof (2020), stainless steel appliances, newer insulation (2012), newer Trane AC unit (on Unit A, other HVACs are serviced regularly), ceiling fans, breeze security doors, stainless steel countertops, gas range (Unit B), pantry storage and kitchen island (Unit B), walk-in closets, newer water heater, and dedicated, secured on-site laundry room that all tenants share. The property currently has 6 on property parking spaces, on a 9,345 sq ft lot, with plenty of room to add additional parking, storage, or other units if desired. Each unit is individually metered for electrical, and the landlord pays water, sewer and trash (around $135 a month). Unit B is the sole unit with gas, and pays for their own usage. There is also a locking, secured mailbox on site for each tenant. Units A and B are downstairs with similar footprints (589sf, and 596sf respectively), however Unit A has an additional office/pass through bedroom. Unit C is a upstairs modern loft style 559sf studio with incredible view of the Phoenix skyline. All tenants are on month to month leases. If you have ever considered starting a rental portfolio, or expanding the one you already have, this one would make an exceptional, unique addition for any investor!
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FeaturesGeneralSewer Public Sewer
Heating Individual Heat Pump Natural Gas
Cooling Individual Heat Pump Electric Ceiling Fan(s)
Roof Composition
Zoning R-5
Construction Materials Painted Block Frame - Wood
Year Built 1920
Electric APS Individual Meter
Tenant Pays Gas Electricity Cable TV
Township 1N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 44232.0
Community Features No Pool
County Maricopa
Net Operating Income 11070.0
Operating Expense 7627.0
Insurance Expense 1700.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name UNIVERSITY ADDITION
Garage Y/N N
Status Pending
Directions From Grand Ave and 7th Ave heading NorthWest on Grand turn left (west) onto Fillmore St to 1320 W Fillmore on the right (north) side of the street. Street parking is open.
City Phoenix
Buyer Agent Compensation 2.50
Disclosures Appraisal
View Y/N N
High School District Phoenix Union High School District
Open Parking Spaces 6.0
NumberOfUnitsTotal 3
Lot Size Square Feet 0.0
Carport Y/N N
Street Name FILLMORE
Tax Annual Amount 647.0
Electric Expense 0.0
Current Financing Not Applicable
Fuel Expense 0.0
Trash Expense 600.0
Water Sewer Expense 1680.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 20
Standard Status Pending
Occupancy Type Tenant
Elementary School District Phoenix Elementary District
Tax Lot 13
Cap Rate 2.11
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
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InteriorFlooring Ceramic Tile Wood
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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ExteriorParking Features Other (See Remarks) >1 Space Per Unit
Water Source City Franchise
Total Parking 6.0
Lot Size Area 0.0
Number of Buildings 1
Spa N
Lot Dimensions 69' x 134'
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList Bycamillehartmetz@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,489
- Monthly Property Taxes
- $54
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Phoenix, AZ
Average List Price $1,363,429
Percent of Sale Price 160%
About Phoenix, AZ 1,596,463 Population
20% Since 2002
$ 51,132 Median Income
34.66 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
4327165 Elementary School
4327058 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/16/2024 | $525,000 | | Listed Price |