2608 W Pierson Street, Phoenix, AZ 85017
- $799,000
- Sold Price
- $799,000
- List Price
- $799,900
- Closing Date
- May 18, 2026
- Days on Market
- 97
- Status
- CLOSED
- MLS#
- 6982836
- City
- Phoenix
- Subdivision
- Altro Terrace
- Year Built
- 1961
Property Description
Four at Pierson | W Pierson Street | Phoenix, AZ 85017. Positioned in a high-demand rental corridor just minutes from Grand Canyon University, major parks, and immediate freeway access, Four at Pierson presents a Four at Pierson presents a remodeled (3 out of the 4 units are extensively remodeled) converted fourplex investment opportunity in the heart of Phoenix. This thoughtfully upgraded property consists of four (4) one-bedroom, one-bathroom units, each extensively renovated with updated flooring, modernized kitchens, and refreshed bathrooms. The improvements provide strong tenant appeal while minimizing near-term capital expenditure. All units are currently leased through Home Inc, with rental income ranging from $1,467 to $1,590 per unit, offering stabilized cash flow... in a prime university adjacent location. Recent capital improvements include the full replacement of existing sewer lines, providing a significant infrastructure upgrade and reducing future deferred maintenance risk. Investment Highlights: (3 out of the 4 units are extensively remodeled) Fourplex Four 1BR / 1BA units Strong in-place rents: $1,467-$1,590 per unit Sewer lines recently replaced Prime proximity to GCU, parks, retail, and major freeways Professionally managed (Home Inc) Seller Financing Opportunity: Seller is willing to carry $50,000 down and will structure an exact wrap of the existing note at 7.25% interest rate, creating a compelling financing option for qualified buyers. All facts and figures are approximate. Buyer to verify all MLS information and conduct independent due diligence.
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Additional Information
- Community Features
- No Pool
- Construction
- Block, Painted
- Cooling
- Central Air, Heat Pump
- Electric
- SRP
- Heating
- Electric
- New Financing
- VA Loan, FHA, Wraparound, Conventional, Owner May Carry, Cash
- Parking Features
- <1 Space Per Unit, On Street
- Roofing
- Composition
- Subdivision
- Altro Terrace
- Taxes
- $2,025
- Tax Year
- 1506
- Tenant Pays
- Electricity, See Remarks
- Units
- 4
- Water
- City Franchise
- Zoning
- R-3
Courtesy of Get Multifamily. 480-795-7938 Selling Office: Get Multifamily.
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