1947 E RAYMOND Street, Phoenix, AZ 85040
1947 E RAYMOND Street, Phoenix, AZ 85040
1947 E RAYMOND Street, Phoenix, AZ 85040
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$416,900
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4 Beds
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1947 E RAYMOND Street Phoenix, AZ 85040

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Clifford Wong

Clifford Wong

+1(602) 300-7153

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Progress Place

MLS Listing ID 7074366

Bedrooms 4

Year Built 2020

Annual Tax Amount $3,491

Tax Year 2025

Lot Dimensions 6912 sq ft

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

*AFFORDABLE DUPLEX PRICED THOUSANDS BELOW MARKET!* Excellent opportunity for an owner-occupant or investor. Each unit features **2 bedrooms, 2 baths and a private garage**. Both units are currently occupied on a month-to-month basis, providing flexibility for a buyer who wants to **live in one unit and rent the other--potentially reducing monthly housing costs substantially!** FHA, VA and down-payment-assistance buyers welcome. Investors benefit from existing rental income with a **6%+ estimated return** and tenants willing to extend their leases if desired. Property has been self-managed by the builder/seller. Some minor cosmetic updating and repairs would restore the property's shine and provide an opportunity to add value. Affordable multifamily ownership with income already in place.

Location

State AZ

County Maricopa

Community Progress Place

Area Maricopa

Zoning R3

Interior

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Tile

Appliance Built-In Range, Disposal, Refrigerator, Built-In Electric Oven, Microwave, W/D Hookup

Exterior

Parking Features Attached Garage, 1 Space/Unit

Community Features See Remarks

Roof Type Composition

Garage Yes

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Percy L Julian School

Middle Schools Percy L Julian School

High Schools South Mountain High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 122-32-020-C

Acceptable Financing FHA, VA Loan

Disclosures Seller Prop Disc Stm

Listing Terms FHA, VA Loan

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by RE/MAX Excalibur • Dean Selvey

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Clifford Wong

Clifford Wong

Agent License ID: SA699206000

+1(602) 300-7153

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1947 E RAYMOND Street