6215 N 14TH Street, Phoenix, AZ 85014
$950,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$950,000
Last Modified:
10/23/2025
Description
Greentree Palms is a 3-unit apartment community located in the highly desirable Uptown area of North/Central Phoenix. Built in 1959, this asset has been extensively renovated and consists of (2) large 2 bedroom, 1 bath units and (1) 1 bedroom, 1 bath unit. Currently the two bedroom units rent for $1,750 and $2,100 and the one bedroom unit rents for $1,550. The The Uptown Phoenix Submarket features a high-income demographic that sits near one of Phoenix's major employment corridors along Central Avenue. The prime location of this asset presents a unique opportunity for an investor to live in one unit and rent out the others, operate as short term rental, or continue to operate as long term rentals.
More Information MLS# 6930541
Contract Info
Ownership: Fee Simple
Current Price: $950,000
List Price: $950,000
Status: Active
List Date: 2025-10-08
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): LOT 12 ROSE LANE TERRACE MCR 007144
Assessor's Parcel #: 55
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 106502
Taxes: 2289
Legal: LOT 12 ROSE LANE TERRACE MCR 007144
Marketing Name: Greentree Palms
House Number: 6215
Compass: N
Street Name: 14TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 1780
County Code: Maricopa
Subdivision: ROSE LANE TERRACE
Assessor Number: 161-09-055
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 1
Lot Size Dimensions: 85ft, 128ft
Total # of Units: 3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Year Built: 1959
Zoning: R-3
Legal Info
Range: 3E
Section: 9
Township: 2N
Lot Number: 12
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 2522
Annual Landscape Exp: 1700
Annual Maint Exp: 467
Annual Mgmt Exp: 3540
Annual Wtr/Swr Exp: 2362
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 12880
Other Income: 1435
Vacancy Allowance: 0
Adjusted Gross Inc: 63835
Pmt & Rate Info
Cap Rate: 5.38
Equity: 950000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Individual: 1
Exterior Amenities
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
On Street: 1
1 Space/Unit: 1
Electric
APS: 1
Gas
Propane Piped: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1550
Avg SqFt: 612
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1850
Avg SqFt: 900
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 14th an Rose Ln
Geo Lat: 33.528049
Geo Lon: -112.051008
Income Expenses
Gross Annual Sch Inc: 62400
Net Operating Income: 51120
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Patio/Balcony
Interior Features: Unfurnished
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup
Cooling: Ceiling Fan(s); Electric; Individual
Water Source: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: Propane Piped
Parking Features: Carport; On Street; 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office:
Matthews Real Estate Investment Services
Last Updated: October - 23 - 2025
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