$7,650,000
Phoenix, AZ 85006
MLS# 7052542
1 / 20
Property Description
Row 31 is a newly constructed boutique style 31-unit community located at 1435 E Taylor St. in the desirable Garfield District just minutes from Downtown Phoenix. The asset offers investors a rare opportunity to acquire a fully modern, institutional quality infill property in one of Phoenix's most urban and transit-connected neighborhoods. Row 31 consists of a well-balanced unit mix of (2) studios, (18) one-bedroom, and (11) two-bedroom, two-bathroom residences, each featuring in-suite washer/dryer, stainless steel appliances, LVP flooring, quartz countertops, custom cabinetry, and smart home features. Construction finished earlier this year and the property is now nearing full occupancy.
Details
Contract Info
Ownership: Fee Simple
Current Price: $7,650,000
List Price: $7,650,000
Status: Active
List Date: 2026-07-10
Location, Tax & Legal
Assessor's Map #: 18
Legal Description (Abbrev): GERMANIA PL MCR 3/52 LOT 33 EX BEG AT SW COR SDLOT TH E ALG S LN SD LOT TO SE COR LOT 33 TH N ALG E
Assessor's Parcel #: 114
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113201
Taxes: 1653
Legal: GERMANIA PL MCR 3/52 LOT 33 EX BEG AT SW COR SDLOT TH E ALG S LN SD LOT TO SE COR LOT 33 TH N ALG E
Marketing Name: Row 31
House Number: 1435
Compass: E
Street Name: TAYLOR
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3591
Country: US
County Code: Maricopa
Subdivision: GERMANIA PLACE LOTS 4-1115-19212231-36
Assessor Number: 116-18-114-A
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 40
Lot Size Dimensions: 35501
Total # of Units: 31
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1956
Zoning: R-4
Legal Info
Range: 3E
Section: 4
Township: 1N
Lot Number: 33
Project Type
25 - 50 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Construction Status
New Construction: 1
Roofing
Other: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 8153
Annual Landscape Exp: 6200
Annual Legal & Acctg: 7812
Annual Maint Exp: 9300
Annual Mgmt Exp: 29055
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 62173
Other Income: 39416
Vacancy Allowance: 0.05
Adjusted Gross Inc: 589490.2
Pmt & Rate Info
Cap Rate: 5.51
Equity: 7650000
Down Payment %: 7650000
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
See Private Remarks: 1
Community Features
No Pool: 1
Play Area: 1
Other: 1
Heating
Electric: 1
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 2
Avg Rent: 1275
Avg SqFt: 500
# Baths: 2
1 Bedroom Units
# 1 Bedroom Units: 18
Avg Rent: 1525
Avg SqFt: 600
# Baths: 18
2 Bedroom Units
# 2 Bedroom Units: 11
Avg Rent: 1675
Avg SqFt: 900
# Baths: 22
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.453771
Geo Lon: -112.050547
Income Expenses
Gross Annual Sch Inc: 581100
Net Operating Income: 421196
Property Features
Project Type: 25 - 50 Units
Construction: Wood Frame
Const - Finish: Stucco
Construction Status: New Construction
Roofing: Other
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool; Play Area; Other
Exterior Amenities: Landscape Water System; Desert Landscaping; Patio/Balcony
Interior Features: Unfurnished
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Phone Call
Lockbox Type: See Private Remarks
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Matthews Real Estate Investment Services
Last Updated: July - 10 - 2026
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