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$875,000

Beds
4
Baths
4.5
sq ft
2,650

1009 East Garfield Street, Phoenix, AZ 85006

1009 East Garfield Street

Phoenix, AZ 85006

  • <1 day on market
INVESTMENT OPPORTUNITY! This restored modern duplex in Phoenix's Garfield Historic District offers a prime investment opportunity, just blocks from the vibrant Roosevelt Row and Arts District. Featuring two distinct units, the front unit includes 2 bedrooms plus an office and 2.5 bathrooms across 1,450 sq ft. The back unit provides 2 bedrooms, 2.5 bathrooms, and 1,200 sq ft. Both units have private entrances, designated parking, and outdoor spaces. Highlights include original exposed brick detail, leathered granite countertops, upgraded appliances, open-concept floor plan and amazing outdoor entertaining space. Upgrades include dual-paned windows, new HVAC, new plumbing, new roof, updated electrical, etc. Perfect for short- or long-term rentals, in a growing, arts-focused community.

Details

Property type

Single Family Residence

Est. home value

$348,606

Lot size

6,875 sq ft

Price per sq ft

$331

Year built

1926

Annual property taxes

$3,181

HOA

No

Price History

03/18/2025
ArizonaRegional

ArizonaRegional #6837168

Listed
$875,000
+297.73%
07/21/2020
ArizonaRegional

ArizonaRegional #6099136

Sold
$220,000

Schools & Community

Neighborhood: 

Central City

Elementary school: 

Garfield School

Middle school: 

Garfield School

High school: 

North High School

High school district: 

Phoenix Union High School District

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$277,890
Asking price
$875,000
Closing costs (~8% of asking)
-$70,000
Est. remaining loan balance
-$527,110
Cash to seller
$277,890

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Amerifirst Financial Inc

Loan start date

June 2022

Original loan amount

$550,000

Est. remaining balance

$527,110

Interest rate

5.11%

Loan type

New Conventional, 30 year

Seller

Francisco Munguia Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/18/2025 at 9:35 PM

Listing updated: 03/18/2025 at 3:58 PM

Listed by: Samantha Moore, Compass Phone #: (480) 776-1555

MLS: ArizonaRegional #6837168

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