1732 E Wood Street, Phoenix, AZ 85040
- $489,900
- List Price
- $489,900
- Days on Market
- 49
- Status
- ACTIVE
- MLS#
- 7039988
- City
- Phoenix
- Subdivision
- Belmont Park
- Year Built
- 2025
Property Description
Outstanding opportunity for both investors and owner-occupants! Built in 2022, this well-maintained duplex is located in a designated Opportunity Zone and is fully leased with reliable, on-time tenants who pay their own electric. Current income is approximately $34,000 annually with an attractive 7% CAP rate, providing immediate cash flow from day one. Tenants are flexible, creating the potential for an owner-occupant to live in one unit while generating income from the other. Eligible for FHA, VA, conventional, cash, or 1031 exchange buyers. Each unit features wood-look tile flooring, Samsung stainless appliances, 42'' espresso cabinetry, 2'' wood blinds, and modern finishes throughout. Landlord pays water and sewer. Ample on-site parking and excellent condition make this low-maintenance
Additional Information
- Elementary School
- Percy L Julian School
- High School
- South Mountain High School
- Middle School
- Percy L Julian School
- Community Features
- No Pool
- Construction
- Wood Frame, Stucco
- Cooling
- Central Air, Heat Pump, Varies by Unit, Ceiling Fan(s)
- Electric
- Individual Meter, SRP
- Heating
- Electric
- New Financing
- Conventional, 1031 Exchange, Cash
- Parking Features
- Carport, >1 Space Per Unit, Attached Carport
- Roofing
- Composition
- Subdivision
- Belmont Park
- Taxes
- $4,284
- Tax Year
- 2026
- Tenant Pays
- Electricity, Landscaping
- Units
- 2
- Water
- City Franchise
- Zoning
- R3
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Listing courtesy of RE/MAX Excalibur.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.