1012 E PIERSON Street, Phoenix, AZ 85014 (MLS# 6960831)

1012 E PIERSON Street, Phoenix, AZ 85014

$898,900

Property Type: Multiple Dwellings Status: Active

Current Price: $898,900 Last Modified: 12/25/2025

Description

*8.35% Gross Cap* 3 Units, 2 Buildings on One Parcel, Great unit mix with large units! Built in 1942 & NEWLY BUILT in 2025. ALL VERY LARGE UNITS!! Front building boasts a duplex that Consists of (1) 3-Bed / 2-Bath Unit & (1) 2-Bed / 2-Bath Unit, & (1) 3-Bed/2-Bath Casita. Each unit features a fully upgraded interior With white quartz countertops, luxury vinyl-plank flooring throughout, subway tile showers, stainless steel appliance package, & in-suite washer / dryer in every unit. exterior upgrades include new paint, stucco & new windows, 3 new AC units, new roofs and Private FENCED YARDS for all units. LARGE WALK-IN CLOSETS. Located just outside Biltmore close to uptown, Dining hotspots & entertainment options are plentiful in the well located centralized area..Floorplans uploaded

More Information MLS# 6960831

Contract Info

Ownership: Fee Simple Current Price: $898,900 List Price: $898,900 Status: Active List Date: 2025-12-24

Location, Tax & Legal

Assessor's Map #: 11 Legal Description (Abbrev): PALO VERDE PL Assessor's Parcel #: 92 Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 108602 Taxes: 1884 Legal: PALO VERDE PL Marketing Name: GREAT CASHFLOW IN UPTOWN! House Number: 1012 Compass: E Street Name: PIERSON St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85014 Zip4: 3608 County Code: Maricopa Subdivision: PALO VERDE PLACE Assessor Number: 155-11-092 Tax Year: 2025

General Property Description

# of Buildings: 2 Uncvrd Parking Spcs: 5 Lot Size Dimensions: 60'X125' Flood Zone: No Total # of Units: 3 Elementary School District: Madison Elementary District High School District: Phoenix Union High School District Elementary School: Madison Richard Simis School Jr. High School: Madison Meadows School High School: Central High School Year Built: 1942 Zoning: R3

Legal Info

Range: 3E Section: 21 Township: 2N Lot Number: 16

Project Type

Tri-Plex: 1

Construction

Wood Frame: 1

Const - Finish

Stucco: 1

Roofing

Composition: 1

Floors

Vinyl: 1

Sale Includes

Land & Building: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 1884 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 74184

Pmt & Rate Info

Cap Rate: 8.25 Equity: 898900 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1

Lockbox Type

Combo: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1 Electric: 1

Exterior Amenities

Desert Landscaping: 1 Fenced: 1

Tenant Pays

Gas: 1 Water: 1 Sewer: 1 Electricity: 1

Appliances Included

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

Road Surface Type

Concrete: 1

Source of Fincl Data

Owner: 1

Road Responsibility

City Maintained Road: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

>1 Space Per Unit: 1

Electric

APS: 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1

Existing 1st Loan

Conventional: 1

Existing 1st Loan Type

Fixed: 1

Existing 1st Loan Terms

Non Assumable: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 1 Avg Rent: 1824 Avg SqFt: 1000 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 2 Avg Rent: 2234 Avg SqFt: 1100 # Baths: 1

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: CAMELBACK/11TH STREET Geo Lat: 33.507666 Geo Lon: -112.05946

Income Expenses

Gross Annual Sch Inc: 74184 Net Operating Income: 74184

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit Road Surface Type: Concrete Road Responsibility: City Maintained Road Owner Pays: Water Tenant Pays: Water; Sewer; Electricity; Gas Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: Combo Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable New Financing: Cash; VA; FHA; Conventional Environmental: None

Listing Office: Gentry Real Estate

Last Updated: December - 25 - 2025