4221 E MAGNOLIA Street, Phoenix, AZ 85034

$950,000
Property Type: Multiple Dwellings Status: Active
Current Price: $950,000 Last Modified: 7/07/2026

Overview

Description

Great Potential. Heavy Industrial Zoning or can also be used as a Multi-Dwelling Unit. Home has a apartment for secondary living. Large covered Carport and Spacious Lot size. Potential is endless with Commercial Zoning in place. This can also be used as a Group Home or Senior Housing.

Listing Details MLS# 7050686

Location, Tax & Legal

House Number
4221
Compass
E
Street Name
MAGNOLIA
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85034
Zip4
7305
Country
US
County Code
Maricopa
Subdivision
Okemah Haven
Assessor Number
124-46-016
Tax Year
2025
Assessor's Map #
46
Assessor's Parcel #
16
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
0
Taxes
2064
Tax District
31
Legal
Okemah Haven Replatted
Marketing Name
Heavy Industrial

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
136X60
Year Built
1953
Uncvrd Parking Spcs
4
Total # of Units
2
# of Buildings
Yes
Zoning
A2
Flood Zone
No
Elementary School District
Tempe School District
High School District
Tempe Union High School District
Elementary School
Tempe Elementary Online Community
Jr. High School
Tempe Elementary Online Community
High School
Tempe High School

Remarks Misc

Cross Street
University & 40th Street
Directions
From University and 40th Street, head North on 40th street then turn right on Magnolia, after you pass 42nd Street home will be on you're right hand side.

Legal Info

Lot Number
20
Cnty Rcrd Bk & Pg #
4012

Income Expenses

Gross Annual Sch Inc
28800

More Information

Showing Notification Methods

Showing Service
Aligned Showings

Efficiency Units

Avg Rent
1200
Avg SqFt
600
# Baths
Yes

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
1200
Avg SqFt
600
# Baths
Yes

Project Type

Duplex
Yes

Other Type

House + Rental Units
Yes

Construction

Block
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
3600
Annual Gas Exp
400
Annual Ins Exp
1400
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
7464
Other Income
0
Vacancy Allowance
10
Adjusted Gross Inc
259200
Total Monthly Rental Income
28800

Pmt & Rate Info

Down Payment
0
Equity
950000
Down Payment %
10
Monthly Payments
0
1st Interest Rate
8
1st Payment
0
1st Payment Freq
Monthly
2nd Encumbrance
0
2nd Payment
0
2nd Payment Freq
None
3rd Encumbrance
0
3rd Payment
0
3rd Payment Freq
None
Total Owed
0
Assessment Balance
0

Payment Includes

Principal
Yes
Interest
Yes
Taxes
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Heat Pump
Yes

Exterior Amenities

Fenced
Yes

Tenant Pays

None
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Built-In Range
Yes
W/D Hookup
Yes
Other
Yes

Road Access Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Septic-In & Connected
Yes

Parking Features

Carport
Yes
1 Space/Unit
Yes
Attached Carport
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Electric
Yes
Gas
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
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

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

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

Property Features

Project Type: Duplex Other Type: House + Rental Units Construction: Block Const - Finish: Stucco Roofing: Composition Floors: Vinyl; Carpet Sale Includes: Land & Building Payment Includes: Principal; Interest; Taxes Community Features: No Pool Exterior Amenities: Fenced Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup; Other Cooling: Heat Pump Water Source: City Franchise Sewer: Septic-In & Connected Electric: SRP Gas: SW Gas Parking Features: Carport; 1 Space/Unit; Attached Carport Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Electric; Gas; Trash Collection Tenant Pays: None Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable 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 Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: July - 07 - 2026
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