2831 E MOBILE Lane, Phoenix, AZ 85040

$649,990
Property Type: Multiple Dwellings Status: Active
Current Price: $649,990 Last Modified: 7/01/2026

Overview

Description

Unit consists of two 3 BR/2 BA units (1131 SF & 1209 SF), with one 2 BR/1 BA (698 SF). Upper 3 BR unit has a view of the city. Two HVAC units replaced in 2025. Water heaters have been replace within the past 5 years.

Listing Details MLS# 6987508

Location, Tax & Legal

House Number
2831
Compass
E
Street Name
MOBILE
St Suffix
Lane
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85040
Zip4
0767
Country
US
County Code
Maricopa
Subdivision
WIER ESTATES LOTS 11-32 53-74
Assessor Number
122-61-060-A
Tax Year
2025
Assessor's Map #
61
Legal Description (Abbrev)
WIER ESTATES LOT 87 E2
Assessor's Parcel #
60
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
116100
Taxes
973
Legal
WIER ESTATES LOT 87 E2
Marketing Name
WIER ESTATES

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
59'x128'
Year Built
1985
Uncvrd Parking Spcs
6
Total # of Units
3
# of Buildings
Yes
Zoning
R3
Elementary School District
Roosevelt Elementary District
High School District
Phoenix Union High School District
Elementary School
Percy L Julian School
Jr. High School
Percy L Julian School
High School
South Mountain High School

Remarks Misc

Cross Street
32nd St and Broadway Rd.
Directions
32nd St. south of Broadway Rd to Mobile lane, west to property.

Legal Info

Township
1N
Range
3E
Section
26
Lot Number
87

Income Expenses

Gross Annual Sch Inc
48588
Net Operating Income
40732

More Information

Showing Notification Methods

Showing Service
No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
1025
Avg SqFt
698
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
2
Avg Rent
1512
Avg SqFt
1170
# Baths
2

Contact Info

List Agent Home Phn
623-925-8000

Project Type

Tri-Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes
Tile
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
480
Annual Gas Exp
0
Annual Ins Exp
3703
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
1200
Annual Wtr/Swr Exp
2400
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
8756
Other Income
900
Vacancy Allowance
0.05
Adjusted Gross Inc
47013.6
Total Monthly Rental Income
4049

Pmt & Rate Info

Cap Rate
6.03
Down Payment
0
Equity
675000
1st Encumbrance
0
Down Payment %
0
Monthly Payments
0
1st Interest Rate
0
1st Payment
0
2nd Encumbrance
0
2nd Payment
0
3rd Encumbrance
0
3rd Payment
0
Total Owed
0
Assessment Balance
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Forced Air
Yes
Heat Pump
Yes
Individual
Yes
2 or More Units
Yes

Cooling

Central Air
Yes
Electric
Yes
Individual
Yes
2 or More Units
Yes

Exterior Amenities

Desert Landscaping
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Free-Standing Electric Oven
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes
Paved
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Laminate; Tile; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping Appliances Included: Free-Standing Electric Oven; Free-Standing Range Heating: Forced Air; Individual; Heat Pump; 2 or More Units Cooling: Electric; Individual; Central Air; 2 or More Units Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; FHA; Conventional Environmental: None

Documents

IDX
Listing Office: RE/MAX Fine Properties
Last Updated: July - 01 - 2026
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