4220 N 3rd Avenue, Phoenix, AZ 85013
$437,500
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$437,500
Last Modified:
12/19/2025
Description
Fully remodeled duplex in the heart of Phoenix with no expense spared. This is a true ''turn key'' investment. New 30 year roof, new dual pane windows, new flooring throughout (no carpet!), new shaker style cabinets, new vanities, new toilets, new shower surrounds, quartz countertops, new stainless steel appliances. These units are hip and trendy. One unit is a 2 bed 1 bath that rents for $1295, the other unit is a 3 bed 2 bath and rents for $1395. Each unit has inside washer/dryer hookups and private yards. All this and tenants pay all utilities! Water, gas, power all individually metered. Location couldn't be better - walk or bike to Lux, Clever Koi, Pane Bianco, George and Dragon or the light rail for a few minute's ride to downtown.
More Information MLS# 5977051
Contract Info
Ownership: Fee Simple
Current Price: $437,500
Sold Price: $437,500
Status: Closed
List Date: 2019-09-11
Location, Tax & Legal
Assessor's Map #: 32
Assessor's Parcel #: 23
Add'l Parcels: No
Tax Municipality: Phoenix
Taxes: 991
Legal: LOT 23 INDIAN PARK MCR 003937
Marketing Name: Remodeled
Map Code/Grid: N33
House Number: 4220
Compass: N
Street Name: 3rd
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 3031
County Code: Maricopa
Subdivision: Indian Park
Assessor Number: 155-32-023
Tax Year: 2019
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 6720
Total # of Units: 2
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Clarendon School
Jr. High School: Osborn Middle School
High School: Central High School
Year Built: 1950
Zoning: R-4/m-h
Legal Info
Range: 3E
Section: 20
Township: 2n
Lot Number: 23
Project Type
Duplex: 1
Construction
Brick: 1
Const - Finish
Other (See Remarks): 1
Roofing
Composition: 1
Floors
Wood: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 800
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 1791
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 32247.72
Total Monthly Rental Income: 2690
Pmt & Rate Info
Cap Rate: 6.68
Down Payment: 0
Equity: 455000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Exterior Amenities
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Landscaping: 1
Appliances Included
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Landscaping: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1295
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1395
Avg SqFt: 900
# Baths: 175
4 Bedrooms Units
Avg Rent: 0
Mobile Home Prk Info
Avg Rent Single Wide: 0
Avg Rent Double Wide: 0
Avg Rent Ovrnght Spc: 0
Avg Rent RV Spaces: 0
Avg Rent Oversize Sp: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Indian School road and 3rd ave
Directions: Indian School Rd to 3rd Ave. One block north to 4220
Geo Lat: 33.497549
Geo Lon: -112.078426
Status Change Info
Off Market Date: 2019-10-16
Under Contract Date: 2019-09-14
Close of Escrow Date: 2019-10-15
Sold Price: $437,500
Income Expenses
Gross Annual Sch Inc: 32280
Net Operating Income: 30389
Property Features
Project Type: Duplex
Construction: Brick
Const - Finish: Other (See Remarks)
Roofing: Composition
Floors: Wood
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Sidewalk(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Microwave; W/D Hookup
Cooling: Central Air
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: Paved
Road Surface Type: Asphalt
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping
Source of Fincl Data: Owner
Special: Owner/Agent
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional
Environmental: None
Listing Office:
Go 4 Cash Flow
Last Updated: December - 19 - 2025
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