2015 E EUGIE Terrace, Phoenix, AZ 85022

$1,325,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,325,000 Last Modified: 4/08/2026

Overview

Description

This 7-unit property boasts a fully renovated interior and in-unit washers and dryers in every residence, delivering a truly turn-key investment in the heart of North Phoenix. Situated in the established North Mountain submarket, the area continues to benefit from sustained population growth and strong demand for quality rental housing. With a uniform 2-bedroom/1-bathroom unit mix, 100% occupancy, and a proven history of long-term tenancy, this property stands out as an exceptional stabilized investment already generating consistent cash flow.

Listing Details MLS# 7010684

Location, Tax & Legal

House Number
2015
Compass
E
Street Name
EUGIE
St Suffix
Terrace
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85022
Zip4
8005
County Code
Maricopa
Subdivision
SUN SAND BLK 1-3
Assessor Number
166-10-056-A
Tax Year
2025
Assessor's Map #
10
Legal Description (Abbrev)
SUN & SAND MCR 54/14 LOT 11 BLK 7 W 65.055F AS MEASURED ALG N LN & EX WLY 8F & S 8F P-D 1056-595
Assessor's Parcel #
56
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
103701
Taxes
1953
Legal
SUN & SAND MCR 54/14 LOT 11 BLK 7 W 65.055F AS MEASURED ALG N LN & EX WLY 8F & S 8F P-D 1056-595
Marketing Name
2015 E Eugie Ter

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
Normal
Year Built
1985
Uncvrd Parking Spcs
12
Total # of Units
7
# of Buildings
2
Zoning
R-3
Elementary School District
Paradise Valley Unified District
High School District
Paradise Valley Unified District

Remarks Misc

Cross Street
N 20th St and E Eugie Ter

Legal Info

Township
3N
Range
3E
Section
15
Lot Number
11

Income Expenses

Gross Annual Sch Inc
111000
Net Operating Income
87883

More Information

Showing Notification Methods

Showing Service
No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units
7
Avg Rent
1321
Avg SqFt
814
# Baths
Yes

Project Type

5 - 12 Units
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
571
Annual Gas Exp
475
Annual Ins Exp
4172
Annual Landscape Exp
1200
Annual Trash Exp
1655.88
Annual Wtr/Swr Exp
3674
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
13700.88
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
111000

Pmt & Rate Info

Cap Rate
6.63
Equity
1325000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Central
Yes

Cooling

Central Air
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Dishwasher
Yes
Microwave
Yes
Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
Yes
W/D Hookup
Yes

Road Access Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
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
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
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: 5 - 12 Units Construction: Block; Wood Frame Const - Finish: Painted Roofing: Composition Floors: Laminate Sale Includes: Land & Building Community Features: No Pool Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup Heating: Central Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
Listing Office: Orion Investment Real Estate
IDX
Last Updated: April - 08 - 2026
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