Perfect multi-family home in the heart of downtown Phoenix. Steps from the light rail, ballgames and entertainment this estate boasts all of the Phoenix charm that one would want. Ideal for an investor, this home has the potential to generate consistent solid income. It is also ideal for an owner wanting to reside on the property while offsetting expenses with a tenant OR a larger family looking for a huge in-law unit to accompany the primary. This updated multi-family property truly has limitless possibilities with NO HOA! Both units have their own washer/dryer/hot water heater etc...
Property Details
Property Features
Property Information:
Year Built: 1954
Listing Office:
Office Name: DeLex Realty
Office Email: stacismedstadbroker@gmail.com
Listing Agent: Joseph Roth
Interior Features
Interior Information:
Flooring Type: Carpet, Ceramic Tile
Exterior Features
Parking Information:
Parking: <1 Space Per Unit, Common
Utilities
Utilities Information:
Heating: Electric, Natural Gas
Cooling: Electric
School Info
Assigned Schools Information:
Phoenix Union Bioscience High School, Public District Grades 9-12
Franklin Police and Fire High School, Public District Grades 9-12
Central High School, Public District Grades 9-12
Lowell Elementary School, Public District Grades PK-8
Price Information
Listing Price Info
Price Summary:
List Price: $609,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Phoenix, AZ.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,107
Per Month
Principal & Interest
$3,040
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,892
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
4
/10
Lowell Elementary School
1121 S 3rd Ave
Distance between this listing and this school0.15 miles
Public District Grades PK-8
High School
9
/10
Phoenix Union Bioscience High School
512 E Pierce St
Distance between this listing and this school1.32 miles
Public District Grades 9-12
8
/10
Franklin Police and Fire High School
1645 W Mcdowell Rd
Distance between this listing and this school2.21 miles
Public District Grades 9-12
3
/10
Central High School
4525 N Central Ave
Distance between this listing and this school4.47 miles
Public District Grades 9-12
Nearby Schools
3
/10
Ralph Waldo Emerson Elementary School
915 E Palm Ln
Distance between this listing and this school2.27 miles
Public District Grades PK-6
6
/10
Reyes Maria Ruiz Leadership Academy
4848 S 2nd St
Distance between this listing and this school2.50 miles
Public Charter Grades KG-6
2
/10
J B Sutton Elementary School
1001 N 31st Ave
Distance between this listing and this school3.29 miles
Public District Grades KG-5
Assigned Schools
4
/10
Lowell Elementary School
1121 S 3rd Ave
Distance between this listing and this school0.15 miles
Public District Grades PK-8
Nearby Schools
3
/10
Friendly House Academia Del Pueblo Elementary School
201 E Durango St
Distance between this listing and this school0.66 miles
Public Charter Grades KG-8
4
/10
Silvestre S Herrera School
1350 S 11th St
Distance between this listing and this school0.93 miles
Public District Grades PK-8
Assigned Schools
9
/10
Phoenix Union Bioscience High School
512 E Pierce St
Distance between this listing and this school1.32 miles
Public District Grades 9-12
8
/10
Franklin Police and Fire High School
1645 W Mcdowell Rd
Distance between this listing and this school2.21 miles
Public District Grades 9-12
3
/10
Central High School
4525 N Central Ave
Distance between this listing and this school4.47 miles
The neighbors living near this home have an average income of $75,000. Typical income of Phoenix, AZ residents is between $35k-100k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1005 S 1st Ave
What is the listing price of this property?
The listing price of 1005 S 1st Ave property is $609,000.
What type of property is this?
The property 1005 S 1st Ave is a house located in Phoenix, Arizona, 85003.
Is this property for sale now?
Active Listing: 1005 S 1st Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1005 S 1st Ave are: Lowell Elementary School: GreatSchools Rating 4/10Phoenix Union Bioscience High School: GreatSchools Rating 9/10Franklin Police and Fire High School: GreatSchools Rating 8/10Central High School: GreatSchools Rating 3/10
When was this property sold last time and for how much?
The last sale was on September 8, 2016 for $305,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 1005 S 1st Ave is 1954.
This home is located at 1005 S 1st Ave in Phoenix, AZ and zip code 85003 in the Central City neighborhood. This home was built in 1954. It has been listed on Rocket Homes since March 22, 2024 and is currently priced at $609,000.
Phoenix, AZ housing market in March 2024 saw over 282 listings sold above listed price, more than 418 sold at listed price and over 788 sold below. In March 2024 in Phoenix, AZ there were 7.8% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $440,050, while the average time on the real estate market was 54 days.
From Rocket Homes Real Estate and based on county public records data.