24 days on rocket

2222 E Garfield St, Phoenix, AZ, 85006

$1,395,000

Home List Price

$10,000*

Closing Credit

0 Baths
House
Schools Nearby

Location

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2222 E Garfield St, Phoenix$1,395,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingPaved Parking, Free, >1 Space Per Unit
Year Built1958
HeatingOther, Heat Pump
CoolingOther, Heat Pump, Electric, Ceiling Fan(s)
MLS #6688201
StatusActive

About 2222 E Garfield St

Total Gut and Remodel Unit Mix one 3 bedroom 2 bath, two 2 bedroom 1 bath and one 1 bedroom one bath New Plumbing New Electric New Flooring New Roof and Joists New Air Conditioning New Exterior Stucco and Modern Paint New Concrete Walk Ways New Parking New Dual Pane Windows New Interior and Exterior Doors New Ceiling fans in Living Room and ALL Bedrooms New Landscaping New Cabinets New Bathrooms New Stainless Appliances New Quartz Countertops The Certificate of Occupancy should be delivered around the end of May. All permits will be closed at COE. Buyer should read the additional information here. Buyer to verify all facts and figures. <รก **Investment Opportunity: Prime Real Estate with High Potential** Introducing a lucrative investment opportunity in the heart of Garfield District, presenting a meticulously renovated 4-unit property poised to deliver exceptional returns. Situated in a highly sought-after area, this property is strategically positioned near hospitals, ensuring a steady flow of potential tenants seeking convenient accommodation. With a Certificate of Occupancy expected by the end of May, this property shows an rental income upon acquisition. **Property Overview:** - **Unit Mix**: - 1 x 3 Bedroom, 2 Bath - 2 x 2 Bedroom, 1 Bath - 1 x 1 Bedroom, 1 Bath - **Complete Renovation**: Total gut and remodel, ensuring a modern and attractive living space. - **Key Improvements**: - New Plumbing, Electric, and Roof with Reinforced Joists - New Flooring, Air Conditioning, and Exterior Stucco - New Concrete Walkways and Parking Spaces for Tenant Convenience - New Dual Pane Windows and Exterior Doors for Energy Efficiency and Security - New Ceiling Fans in Living Room and ALL Bedrooms for Comfort - New Landscaping for Enhanced Curb Appeal - New Cabinets, Bathrooms, and Stainless Appliances for Modern Living - New Quartz Countertops for a Sleek Finish **Investment Highlights:** 1. **High Demand Location**: Proximity to hospitals ensures a consistent pool of potential tenants, including healthcare professionals and staff. 2. **Turnkey Investment**: With permits closed and a comprehensive renovation nearing completion, investors can expect immediate rental income without the hassle of further improvements. 3. **Diverse Unit Mix**: Catering to various tenant preferences, including families, professionals, and individuals, maximizing occupancy rates and rental income potential. 4. **Quality Craftsmanship**: Renovation carried out with meticulous attention to detail and quality materials, ensuring durability and tenant satisfaction. 5. **Attractive Amenities**: Modern amenities such as ceiling fans, stainless appliances, and quartz countertops offer tenants a comfortable and stylish living experience. 6. **Strong Rental Market**: [Location] boasts a robust rental market, offering stability and potential for long-term capital appreciation. **Investment Strategy:** - **Immediate Income Generation**: Start earning rental income as soon as the Certificate of Occupancy is issued, maximizing return on investment. - **Long-Term Appreciation**: Capitalize on the property's potential for appreciation in value, driven by its prime location and high-quality renovations. - **Tenant Retention**: Provide exceptional living standards to attract and retain quality tenants, ensuring consistent cash flow and minimal vacancy rates. Don't miss out on this exceptional opportunity to invest in a newly renovated property with immense income potential.

Property Details

Property Features

Property Information:

  • Year Built: 1958

Listing Office:

  • Office Name: Gerchick Real Estate
  • Office Phone: (602) 688-9279
  • Listing Agent: Linda S Gerchick

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile

Exterior Features

Parking Information:

  • Parking: Paved Parking, Free, >1 Space Per Unit

Utilities

Utilities Information:

  • Heating: Other, Heat Pump
  • Cooling: Other, Heat Pump, Electric, Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Phoenix Union Bioscience High School, Public District Grades 9-12
  • North High School, Public District Grades 9-12
  • Franklin Police and Fire High School, Public District Grades 9-12

Other

Directions Information:

  • Directions: East on Roosevelt to 22 Street and Turn South-Property in on the West side of the street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,395,000
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Housing Market Comparison

See how this home compares to others in Phoenix, AZ.

Med. Sold Price

$444.3K

Med. Price/SqFt

$283

Avg. Days On Market

55

# of Sold Homes

1493

2222 E Garfield St vs Phoenix

24 DAYS ON ROCKET

-31 Days

$1,395,000

+$950.6K More

KEY TAKEAWAY

This property is $950.6K more than the Median Sold Price in Phoenix, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6688201

Listing Office:

  • Office Name: Gerchick Real Estate
  • Office Phone: (602) 688-9279
  • Listing Agent: Linda S Gerchick

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 8:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$7,030

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,249

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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.

High School

school-card-donut-4375623
9
/10
  • Phoenix Union Bioscience High School

  • 512 E Pierce St

  • 1.87 miles

  • Public District Grades 9-12

school-card-donut-4375624
4
/10
  • North High School

  • 1101 E Thomas Rd

  • 2.12 miles

  • Public District Grades 9-12

school-card-donut-4375625
8
/10
  • Franklin Police and Fire High School

  • 1645 W Mcdowell Rd

  • 3.53 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,978. The most common annual income of people living in Phoenix, AZ is less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2222 E Garfield St

What is the listing price of this property?

The listing price of 2222 E Garfield St property is $1,395,000.

What type of property is this?

The property 2222 E Garfield St is a house located in Phoenix, Arizona, 85006.

Is this property for sale now?

Active Listing: 2222 E Garfield St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2222 E Garfield St are:
Phoenix Union Bioscience High School: GreatSchools Rating 9/10
North High School: GreatSchools Rating 4/10
Franklin Police and Fire High School: GreatSchools Rating 8/10

Which year was this property built?

The year of construction for 2222 E Garfield St is 1958.

Rocket Homesโ€บArizonaโ€บMaricopa Countyโ€บPhoenixโ€บ85006โ€บ2222 E Garfield St

This home is located at 2222 E Garfield St in Phoenix, AZ and zip code 85006 in the Central City neighborhood. This home was built in 1958. It has been listed on Rocket Homes since April 07, 2024 and is currently priced at $1,395,000.

Over 306 listings were sold over their listed price in April 2024 in Phoenix, AZ. In the same period over 813 listings were sold below the listed price and 374 listings were sold for the listed price. In April 2024 in Phoenix, AZ there were 2.5% more homes for sale than in March 2024. In April 2024, listings were on the market for 55 days. During the same period, the median list price in this real estate market was $444,345.

From Rocket Homes Real Estate and based on county public records data.

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