1614 W OSBORN Road, Phoenix, AZ 85015 (MLS# 6135462)

1614 W OSBORN Road, Phoenix, AZ 85015

$661,170
Property Type: Multiple Dwellings Status: Closed
Current Price: $661,170 Last Modified: 5/04/2026

Overview

Description

Welcome to Westwood Terrace Apartments. Centrally located near Encanto Park and schools. These two triplex's recently renovated. Recent updates are new paint, updated ,windows, kitchens and bathrooms, brand new fencing in front, washer and dryers hookups inside the units. Each triplex has it's own parcel of 9,800 lot's each. Also have covered parking for all the units. They can be purchased with residential financing or one commercial loan . This portfolio sale 1614/1608 W Osborn and must be purchased together for a total sales price 1,399,000. Current gross rents are below market at 6648 a month ($1,107) each unit, estimated 4.40% cap on current collection. Proforma rents are 8,400 a month ($1,399,) per unit estimated 5.50% cap on proforma rents.

Supplements: All units have private yards. Super close to Phoenix College, near restaurants, and shopping.

Listing Details MLS# 6135462

Location, Tax & Legal

Map Code/Grid
P34
House Number
1614
Compass
W
Street Name
OSBORN
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85015
Country
US
County Code
Maricopa
Subdivision
WESTWOOD TERRACE
Assessor Number
110-15-073
Tax Year
2019
Assessor's Map #
15
Legal Description (Abbrev)
WESTWOOD TERRACE
Assessor's Parcel #
73
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
110400
Taxes
2880
Legal
LOT 14 & 15 BLOCK 7 WESTWOOD TERRACE MCR 004616
Marketing Name
WESTWOOD TERRACE

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
9800
Year Built
1952
Uncvrd Parking Spcs
3
Total # of Units
3
# of Buildings
Yes
Zoning
R-4
Elementary School District
Osborn Elementary District
High School District
Phoenix Union High School District
Elementary School
Encanto School
Jr. High School
Osborn Middle School
High School
Central High School

Remarks Misc

Cross Street
16th Ave & Osborn Rd.

Status Change Info

Off Market Date
2021-02-26
Under Contract Date
2021-02-25
Close of Escrow Date
2021-04-15

Legal Info

Township
2N
Range
3E
Section
30
Block
7
Lot Number
15

More Information

Income Expenses

Gross Annual Sch Inc
50400
Net Operating Income
38740

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
1399
Avg SqFt
926
# Baths
Yes

Sold Info

Loan Type
Other
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Tri-Plex
Yes
5 - 12 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes
Other
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1200
Annual Land Lse Exp
0
Annual Landscape Exp
600
Annual Legal & Acctg
0
Annual Maint Exp
2000
Annual Mgmt Exp
1980
Annual Trash Exp
759
Annual Wtr/Swr Exp
1170
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Operating Exp
10589
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
47880
Total Monthly Rental Income
4200

Pmt & Rate Info

Cap Rate
5.54
Down Payment
0
Equity
699900
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes
Pet Restrictions
Yes
Other (See Remarks)
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

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

Road Access Type

Alley
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
1 Space/Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes
Other
Yes
See Remarks
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

VA
Yes
Conventional
Yes
Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Non Assumable
Yes
Interest Only
Yes
Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
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: Tri-Plex; 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile; Other Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Pet Restrictions; Other (See Remarks) Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; W/D Hookup Heating: Natural Gas Cooling: Ceiling Fan(s); Electric Water Source: Master Meter Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; 1 Space/Unit Road Access Type: Alley Owner Pays: Water; Trash Collection; Landscaping; Other; See Remarks Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: VA; Conventional; Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Non Assumable; Interest Only; Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: VA; FHA; Conventional Environmental: None
IDX
Listing Office: Grace CRE
Last Updated: May - 04 - 2026
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