1747 E VIRGINIA Avenue, Phoenix, AZ 85006 (MLS# 6969126)

1747 E VIRGINIA Avenue, Phoenix, AZ 85006

$925,000

Property Type: Multiple Dwellings Status: Active

Current Price: $925,000 Last Modified: 3/17/2026

Overview

Description

4-unit multifamily opportunity located in Phoenix, AZ. Built in 1971, the property features 100% 2-bedroom, 1 bath units, all of which have been renovated with granite counter tops, white shaker cabinetry, stainless steel appliances, in-unit washer/dryer, and more. The community also features a private BBQ area and covered parking. Additionally, the property is within walking distance to Phoenix Children's Hospital and nearby other points of interest such as Downtown Phoenix and the Biltmore Fashion Park. With its close proximity to the hospital, there is potential to convert the units to mid-term rentals upon lease expiration, which typically yields a rent premium over traditional year-long leases.

Listing Details MLS# 6969126

Location, Tax & Legal

House Number: 1747
Compass: E
Street Name: VIRGINIA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1425
County Code: Maricopa
Subdivision: GREENFIELD ACRES TRACT 2
Assessor Number: 117-05-070-A
Tax Year: 2026
Assessor's Map #: 5
Legal Description (Abbrev): GREENFIELD AC TR 2 N2 W2 AS MEAS ALN S LN OF FOL LOT 35 E2 EX N 25' & EX W 25' & EX 5'X5' TRI IN NW
Assessor's Parcel #: 70
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111602
Taxes: 1476
Tax District: PHX
Legal: GREENFIELD AC TR 2 N2 W2 AS MEAS ALN S LN OF FOL LOT 35 E2 EX N 25' & EX W 25' & EX 5'X5' TRI IN NW
Marketing Name: Virginia Ave

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 9512
Year Built: 1971
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: Yes
Zoning: Multi
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 20th Street/Thomas

Legal Info

Township: 2N
Range: 3E
Section: 34
Lot Number: 35

Income Expenses

Gross Annual Sch Inc: 6220
Net Operating Income: 50844

More Information

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1296
Avg SqFt: 690
# Baths: Yes

Project Type

Four Plex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Built-Up: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Annual Ins Exp: 2767
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 1603
Annual Mgmt Exp: 6642
Annual Trash Exp: 1902
Annual Wtr/Swr Exp: 2272
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 17862
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 5909
Total Monthly Rental Income: 5185

Pmt & Rate Info

Cap Rate: 5.35
Equity: 950000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes
Barbecue: Yes

Heating

Natural Gas: Yes
Individual: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Individual: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Curb(s) & Gutter(s): Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes

Tenant Pays

Gas: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Access Type

Alley: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
Free: Yes
On Street: Yes
1 Space/Unit: Yes
Paved: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
No Carry: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool; Barbecue Exterior Amenities: Desert Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer Heating: Natural Gas; Individual Cooling: Ceiling Fan(s); Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; On Street; 1 Space/Unit; Free; Paved Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; No Carry Environmental: None

Listing Office: Matthews Real Estate Investment Services

Last Updated: March - 17 - 2026