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1947 E RAYMOND Street Phoenix, AZ 85040
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Key Details
Sold Price $425,900
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Progress Place
MLS Listing ID 7074366
Sold Date 10/30/26
Bedrooms 4
Year Built 2020
Annual Tax Amount $3,491
Tax Year 2025
Lot Dimensions 6912 sq ft
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
*AFFORDABLE DUPLEX PRICED THOUSANDS BELOW MARKET!* Excellent opportunity for an owner-occupant or investor. Each unit features **2 bedrooms, 2 baths and a private garage**. Both units are currently occupied on a month-to-month basis, providing flexibility for a buyer who wants to **live in one unit and rent the other--potentially reducing monthly housing costs substantially!** FHA, VA and down-payment-assistance buyers welcome. Investors benefit from existing rental income with a **6%+ estimated return** and tenants willing to extend their leases if desired. Property has been self-managed by the builder/seller. Some minor cosmetic updating and repairs would restore the property's shine and provide an opportunity to add value. Affordable multifamily ownership with income already in place.
Location
State AZ
County Maricopa
Community Progress Place
Area Maricopa
Zoning R3
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Tile
Appliance Built-In Range, Disposal, Refrigerator, Built-In Electric Oven, Microwave, W/D Hookup
Exterior
Parking Features Attached Garage, 1 Space/Unit
Community Features See Remarks
Roof Type Composition
Garage Yes
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Percy L Julian School
Middle Schools Percy L Julian School
High Schools South Mountain High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 122-32-020-C
Ownership Fee Simple
Acceptable Financing VA Loan, Cash, FHA
Disclosures Seller Prop Disc Stm
Listing Terms VA Loan, Cash, FHA
Financing FHA
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