728 E Apollo Road, Phoenix, AZ 85042 (MLS# 5968113)

728 E Apollo Road, Phoenix, AZ 85042

$235,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $235,000 Last Modified: 5/04/2026

Overview

Description

Amazing opportunity to own newer construction large duplex town house style units. Both 3 bedroom 2.25 bath units. Also the lot allows another duplex to be built. Great owner occupant unit or great value add investment. One unit vacant other side rented below market 850. Proforma rents 1000. Both have private yards and washer and dryer hookups. All facts and figures are approximate buyer verify MLS information

Listing Details MLS# 5968113

Location, Tax & Legal

Map Code/Grid: R34
House Number: 728
Compass: E
Street Name: Apollo
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85042
Zip4: 4340
Country: US
County Code: Maricopa
Subdivision: ESTRELLA RANCHO
Assessor Number: 114-25-024-A
Tax Year: 2018
Assessor's Map #: 25
Assessor's Parcel #: 24
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Maricopa - COUNTY
Taxes: 1281
Legal: ESTRELLA RANCHO LT 9 W2 EX N 130' & EX S 135'
Marketing Name: ESTRELLA RANCHO APTS

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 100x135
Year Built: 2007
Total # of Units: 2
# of Buildings: Yes
Zoning: MM
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Roosevelt Elementary School
Jr. High School: Roosevelt Elementary School
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: 7th Street & Southern
Directions: East on Apollo Rd. Property is on North side of Apollo; Not street facing.

Status Change Info

Off Market Date: 2019-10-11
Under Contract Date: 2019-08-24
Close of Escrow Date: 2019-10-18

Legal Info

Township: 1N
Range: 3E
Section: 33
Lot Number: 9

More Information

Income Expenses

Gross Annual Sch Inc: 24000
Net Operating Income: 15300

3 Bedrooms Units

# 3 Bedroom Units: 2
Avg SqFt: 1111
# Baths: 2
Avg Rent: 0

Sold Info

Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 4400
Seller Concession $/%: $
Buyer Concession to Seller: 0

Project Type

Duplex: Yes

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 700
Annual Land Lse Exp: 0
Annual Landscape Exp: 400
Annual Legal & Acctg: 0
Annual Maint Exp: 1200
Annual Mgmt Exp: 1200
Annual Trash Exp: 500
Annual Wtr/Swr Exp: 1000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 1218
Operating Exp: 7499
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 22800

Pmt & Rate Info

Cap Rate: 6.8
Down Payment: 0
Equity: 225000
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

Electric: Yes

Cooling

Central Air: Yes

Exterior Amenities

Desert Landscaping: Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Disposal: Yes
Refrigerator: Yes
Free-Standing Range: Yes
W/D Hookup: Yes

Road Surface Type

Dirt: Yes
Gravel: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
>1 Space Per Unit: Yes

Electric

City Electric: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Trash Collection: Yes

New Financing

VA: Yes
Conventional: Yes
FHA: Yes

Existing 1st Loan

Conventional: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: 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

Seller Prop Disc Stm: 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

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Disposal; W/D Hookup Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: City Electric Gas: None Parking Features: >1 Space Per Unit; Free Road Surface Type: Gravel; Dirt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear 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: VA; FHA; Conventional Environmental: None

Listing Office: Grace CRE

Last Updated: May - 04 - 2026