325 N 17TH Drive, Phoenix, AZ 85007 (MLS# 6920059)

325 N 17TH Drive, Phoenix, AZ 85007

$533,000

Property Type: Multiple Dwellings Status: Active

Current Price: $533,000 Last Modified: 12/16/2025

Description

Gross 9.1% CAP Rate. 3 Units, Garden-Style Property, Built in 1931 & Renovated in 2024. Unit Mix Consists of (2) 1-Bed / 1-Bath Units & (1) 2-Bed / 2-Bath Units. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliances, & In-Suite Washer / Dryer. Exterior Upgrades Include Brand New Stucco, New Windows & AC Units, Ample Storage Space, & Large Common Backyard Area. New roof just installed. Located in the Roosevelt Arts District, Which Provides Easy Access to Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options.

More Information MLS# 6920059

Contract Info

Ownership: Fee Simple Current Price: $533,000 List Price: $533,000 Status: Active List Date: 2025-09-15

Location, Tax & Legal

Assessor's Map #: 24 Legal Description (Abbrev): OAKLAND Assessor's Parcel #: 54 Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 112900 Taxes: 1568 Legal: OAKLAND Marketing Name: Remodeled triplex House Number: 325 Compass: N Street Name: 17TH St Suffix: Drive City/Town Code: Phoenix State/Province: AZ Zip Code: 85007 Zip4: 2775 County Code: Maricopa Subdivision: OAKLAND Assessor Number: 111-24-054 Tax Year: 2024

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 5 Lot Size Dimensions: 8700 sqft Flood Zone: Yes Total # of Units: 3 Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District Year Built: 1932 Zoning: R-5

Legal Info

Range: 3E Section: 6 Township: 1N Lot Number: 8

Project Type

Tri-Plex: 1

Construction

Block: 1 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: 1568 Other Income: 0 Vacancy Allowance: 0.05 Adjusted Gross Inc: 50661.6

Pmt & Rate Info

Cap Rate: 8.74 Equity: 579900 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1

Lockbox Type

See Private Remarks: 1

Community Features

No Pool: 1

Heating

Heat Pump: 1 Electric: 1

Cooling

Central Air: 1 Electric: 1

Tenant Pays

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

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 Electric: 1

New Financing

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

Existing 1st Loan

Conventional: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 2 Avg Rent: 1340 Avg SqFt: 550 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 1 Avg Rent: 1764 Avg SqFt: 650 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: 17th Dr and Van Burren Geo Lat: 33.452478 Geo Lon: -112.096555

Income Expenses

Gross Annual Sch Inc: 53328 Net Operating Income: 50661

Property Features

Project Type: Tri-Plex Construction: Block; Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Heat Pump Cooling: Electric; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit Road Surface Type: Concrete Owner Pays: Water; Electric Tenant Pays: Water; Sewer; Electricity Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: See Private Remarks Existing 1st Loan: Conventional New Financing: Cash; VA; FHA; Conventional Environmental: None

Listing Office: Gentry Real Estate

Last Updated: December - 16 - 2025