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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$699,000

Est. payment - /mo

4 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Brills Addition Amd

MLS Listing ID 7074894

Bedrooms 4

Year Built 1926

Annual Tax Amount $906

Tax Year 2025

Lot Dimensions 130.49x48.36

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Live in the main home while collecting $2,190/month in rental income from two tenant-occupied guest houses! Located in the heart of the Garfield Historic District, offers historic charm, flexible living and built-in income just minutes from Downtown Phoenix. The main residence features 2 bedrooms & 2 bathrooms with new flooring, new windows, remodeled bathrooms, & fresh interior & exterior paint. Unit 2 rents for $1,295/month with a lease through March 31, 2027, and Unit 3 rents for $895/month with a lease through July 31, 2027. A rare opportunity to enjoy a move-in-ready home while rental income helps offset your monthly housing costs. Ideal for an owner occupant, investor, or anyone looking for additional income potential in one of Downtown Phx's most established historic neighborhoods. Buyers exploring FHA or other low down payment owner-occupied financing may find this especially compelling, subject to lender and property eligibility requirements.

For investors, the property offers three separate living spaces in one of Central Phoenix's most recognizable historic neighborhoods, with two units already producing income and additional upside through the vacant main residence. The configuration also works well for multigenerational living, extended family, or a combination of personal use and rental income.

Located just minutes from Downtown Phoenix, Roosevelt Row, Banner University Medical Center, dining, entertainment, major employment centers, freeways, and Phoenix Sky Harbor International Airport, this is the type of central infill property that is increasingly difficult to replicate. Historic character, existing rental income, and multiple paths for occupancy make 1005 E Moreland St a standout opportunity for buyers looking to live, invest, or do both.

Location

State AZ

County Maricopa

Community Brills Addition Amd

Area Maricopa

Zoning R-3

Direction From 7th St & Roosevelt St, head east on Roosevelt St. Turn left (north) on 10th St. Turn right (east) on Moreland St. Property will be on the right at 1005 E Moreland St

Interior

Heating Natural Gas

Cooling Central Air, Ceiling Fan(s)

Flooring Concrete

Appliance Disposal, Refrigerator, Free-Standing Gas Oven, Washer/Dryer, W/D Hookup

Exterior

Parking Features Off Street, 1 Space/Unit, On Street

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Garfield School

Middle Schools Garfield School

High Schools Phoenix Union Bioscience High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 116-28-046-0

Ownership Fee Simple

Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan

Disclosures Seller Prop Disc Stm

Listing Terms Conventional, 1031 Exchange, FHA, VA Loan

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Listed by eXp Realty • John P Galaviz

NEARBY SCHOOL & BUSINESS

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1005 E MORELAND Street Phoenix, AZ 85006