3516 W GRANT Street, Phoenix, AZ 85009 (MLS# 7007576)

3516 W GRANT Street, Phoenix, AZ 85009

$540,000
Property Type: Multiple Dwellings Status: Pending
Current Price: $540,000 List Date: 4/14/2026 Last Modified: 5/05/2026

Overview

Description

Great investment opportunity! Three separate units, all 2 bedrooms with 1 bathroom. Two units are currently rented out, and the vacant unit is almost finished being remodeled. Professional photos will be uploaded once renovations are complete. New roof done last year, and electric + plumbing were redone for two of the units last year. Tenants pay gas and electric. There is potential to build another unit on the lot as well!

Listing Details MLS# 7007576

Location, Tax & Legal

House Number
3516
Compass
W
Street Name
GRANT
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85009
Zip4
5566
Country
US
County Code
Maricopa
Subdivision
COTTAGE HOME TRACT
Assessor Number
106-23-116-B
Tax Year
2025
Assessor's Map #
23
Legal Description (Abbrev)
COTTAGE HOME TR E 60' OF W 480' OF S2 LOT 7 BLK 1
Assessor's Parcel #
116
Assessor Parcel Ltr
B
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
114600
Taxes
668
Legal
COTTAGE HOME TR E 60' OF W 480' OF S2 LOT 7 BLK 1
Marketing Name
TRI-PLEX

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
10703
Year Built
1951
Uncvrd Parking Spcs
8
Total # of Units
3
# of Buildings
Yes
Zoning
Residential
Elementary School District
Murphy Elementary District
High School District
Phoenix Union High School District
Elementary School
Jack L Kuban Elementary School
Jr. High School
Jack L Kuban Elementary School
High School
Carl Hayden High School

Remarks Misc

Cross Street
35th Ave & Buckeye Rd
Directions
NORTH TO GRANT, WEST TO THE SECOND PROPERTY ON NORTH SIDE.

Status Change Info

Off Market Date
2026-04-14
Under Contract Date
2026-04-14

Legal Info

Township
1N
Range
2E
Section
10
Block
Yes
Lot Number
7 1

More Information

Income Expenses

Gross Annual Sch Inc
53400
Net Operating Income
36359

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
1485
Avg SqFt
750
# Baths
Yes

Project Type

Tri-Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
900
Annual Legal & Acctg
0
Annual Mgmt Exp
0
Annual Wtr/Swr Exp
2244
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
3812
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
50730

Pmt & Rate Info

Cap Rate
6.73
Down Payment
0
Equity
540000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Lockbox Type

Supra
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes

Exterior Amenities

Fenced
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Disposal
Yes
Free-Standing Gas Oven
Yes
Other
Yes

Road Access Type

Private Road
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
Add'l Parking Avail
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
Conventional
Yes
Other (See Remarks)
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
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 Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Gas Oven; Disposal; Other Heating: Natural Gas Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: <1 Space Per Unit; Add'l Parking Avail; Paved Road Access Type: Private Road Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable 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: Cash; Conventional; Other (See Remarks) Environmental: None
IDX
Listing Office: Real Broker
Last Updated: May - 05 - 2026
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