2222 E GARFIELD Street, Phoenix, AZ 85006
OFF MARKET

2222 E GARFIELD Street
Phoenix, AZ 85006

Central City
  • 8 Beds
  • 5 Baths
8 Beds
5 Baths

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

**Investment Opportunity: Prime Real Estate with High Potential**
*Hands-Off Investment on a Triple Net Lease*Introducing an exceptional investment opportunity in the heart of the Roosevelt Historical District, offering a fully renovated, hands-off investment property with an established tenant under a pure triple net lease (NNN). This 4-unit property, meticulously upgraded, is leased to a single tenant who covers 100% of all expenses, making this a hassle-free investment that promises consistent cash flow. With a cap rate of over 7.5%, this property offers an attractive income-generating opportunity. The Property will be occupied on 11/1/2024 with a three year lease and rental bumps year two and three.
Buyer should read the additional information here. Buyer to verify all facts **Investment Opportunity: Prime Real Estate with High Potential**
*Hands-Off Investment on a Triple Net Lease*

Introducing an exceptional investment opportunity in the heart of the Roosevelt Historical District, offering a fully renovated, hands-off investment property with an established tenant under a pure triple net lease (NNN). This 4-unit property, meticulously upgraded, is leased to a single tenant who covers 100% of all expenses, making this a hassle-free investment that promises consistent cash flow. With a cap rate of over 7.5%, this property offers an attractive income-generating opportunity. The Property will be occupied on 11/1/2024 with a three year lease and rental bumps year two and three.

**Property Overview:**
- **Unit Mix**:
 - 1 x 3 Bedroom, 2 Bath
 - 2 x 2 Bedroom, 1 Bath
 - 1 x 1 Bedroom, 1 Bath
- **Complete Renovation**: The property has undergone a full gut and remodel, presenting a contemporary and attractive living space for tenants.
- **Key Upgrades**:
 - All-new plumbing, electric systems, and reinforced roof joists
 - New air conditioning units, flooring, and exterior stucco
 - Modern dual pane windows and new exterior doors for security and energy efficiency
 - Fresh concrete walkways and parking spaces, ensuring convenience for tenants
 - New ceiling fans in living rooms and all bedrooms for comfort
 - New landscaping to enhance curb appeal
 - Stylish new cabinets, bathrooms, stainless steel appliances, and quartz countertops

**Investment Highlights:**
1. **Turnkey Investment**: With renovations completed and permits finalized, the property is ready to generate immediate rental income.
2. **Versatile Unit Mix**: A diverse selection of unit sizes to accommodate families, professionals, and individuals, enhancing occupancy rates.
3. **High-Quality Renovation**: Every detail of the renovation was completed with precision, offering durability and ensuring tenant satisfaction.
4. **Modern Amenities**: Tenants will enjoy the convenience of modern appliances, attractive finishes, and energy-efficient features.
5. **High Cap Rate**: With a cap rate of over 7.5%, this property provides a strong income stream and attractive investment potential.

**Investment Strategy:**
- **Immediate Income**: Rental income begins upon acquisition.
- **Long-Term Growth**: Located in a thriving area, this property is positioned for future appreciation.
- **Hassle-Free Management**: The NNN lease structure means the tenant handles all expenses, including maintenance, taxes, and insurance, while you enjoy passive income.

Don't miss this opportunity to invest in a hands-off, income-generating property that's ready to deliver returns from day one.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from February 15, 2025

Home Highlights

Parking
6 Open Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 2222 E GARFIELD Street

Interior Features

Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 5
Appliances & Utilities
Appliances: Free-Standing Range, Other, Disposal, Dishwasher, Refrigerator, Microwave, Washer/DryerDishwasherDisposalMicrowaveRefrigerator
Heating & Cooling
Heating: Individual,Heat PumpHas CoolingAir Conditioning: Ceiling Fan(s),Electric,Heat Pump,IndividualHas HeatingHeating Fuel: Individual
Gas & Electric
Electric: APS, Individual MeterHas Electric on Property
Windows, Doors, Floors & Walls
Flooring: Ceramic Tile
Levels, Entrance, & Accessibility
Floors: Ceramic Tile

Exterior Features

Exterior Home Features
Roof: Composition
Parking & Garage
Open Parking Spaces: 6No CarportNo GarageHas Open ParkingParking Spaces: 6Parking: Paved,Free,>1 Space Per Unit,On Street
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 209

Property Information

Year Built
Year Built: 1958
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Painted, Stucco, Block
Property Information
Parcel Number: 11603014

Price & Status

Price
List Price: $1,395,000
Status Change & Dates
Off Market Date: Wed Jan 01 2025

Active Status

MLS Status: Closed

Location

Direction & Address
City: PhoenixCommunity: BUMBALOW HEIGHTS
School Information
Elementary School: Creighton Elementary SchoolElementary School District: Creighton Elementary DistrictHigh School District: Phoenix Union High School District

Community

Community Features: Other, See Remarks, No Pool

Lot Information

Lot Area: 6764 sqft

Offer

Listing Terms: Other (See Remarks), No Carry, Conventional

Business

Business Information
Ownership: Fee Simple

Rental Terms, Policies & Fees

Owner Pays: None

Miscellaneous

Mls Number: 6688201

Additional Information

OtherSee RemarksNo Pool
Last check for updates: about 9 hours ago
Listed by Linda S Gerchick, (602) 688-9279
Gerchick Real Estate
Bought with: Hani Aldulaimi, (480) 900-8484, Keller Williams Realty East Valley
Source: ARMLS, MLS#6688201
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Price History for 2222 E GARFIELD Street

DatePriceEventSource
02/14/2025$1,395,000Sold
ARMLS #6688201
11/01/2024$1,395,000PendingARMLS #6688201
04/07/2024$1,395,000Listed For SaleARMLS #6688201
10/02/2022ListingRemovedARMLS #6341903
09/02/2022$1,295,000PendingARMLS #6341903
09/02/2022$1,295,000PendingToActiveARMLS #6341903
02/02/2022ListingRemovedZillow Rental Network Premium
02/02/2022$1,295,000PendingARMLS #6341903
01/29/2022$1,700Listed For RentZillow Rental Network Premium
01/21/2022$1,295,000Listed For SaleARMLS #6341903
05/26/2021$495,000Sold
ARMLS #6224328
04/20/2021$475,000Listed For SaleARMLS #6224328
12/05/2014$64,242Sold
N/A
09/27/2014$75,000PriceChange
Agent Provided
08/29/2014$79,900Listed For SaleAgent Provided
05/10/2014$68,000ListingRemovedAgent Provided
04/20/2014$68,000Listed For SaleAgent Provided
12/18/2013$93,000ListingRemovedAgent Provided
12/12/2013$93,000PriceChange
Agent Provided
11/13/2013$99,900PriceChange
Agent Provided
11/06/2013$109,900PriceChange
Agent Provided
10/25/2013$119,900Listed For SaleAgent Provided
03/29/2013$73,500Sold
N/A
09/01/1999$56,000Sold
N/A
03/09/1994$38,000Sold
N/A
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Property Tax and Assessment

Year2025
Tax$1,024
Assessment$506,200
Home facts updated by county records

Comparable Sales for 2222 E GARFIELD Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2237 E TAYLOR Street, Phoenix, AZ
0.29
Multi-Family Home
$575,000
09/19/25
9
4
2,500
2444 E WILLETTA Street, Phoenix, AZ
0.53
Multi-Family Home
$565,000
02/05/26
6
4
1,800
1038 N 25TH Street, Phoenix, AZ
0.33
Multi-Family Home
$420,000
06/10/25
6
3
-
1046 N 25TH Street, Phoenix, AZ
0.34
Multi-Family Home
$435,000
06/10/25
4
3
-
1008 N 27TH Street, Phoenix, AZ
0.55
Multi-Family Home
$420,000
04/07/26
6
4
2,700
2203 E MCKINLEY Street, Phoenix, AZ
0.10
Multi-Family Home
$1,350,000
08/06/25
2
2
5,500
1014 N 28TH Street, Phoenix, AZ
0.68
Multi-Family Home
$400,000
08/20/25
5
2
1,650
2621 E BRILL Street, Phoenix, AZ
0.68
Multi-Family Home
$420,000
04/16/26
3
3
3,000

Nearby homes

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Assigned Schools

These are the assigned schools for 2222 E GARFIELD Street.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Central City
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Central City

At least 449 Trulia users voted on each feature.

  • 84 % Say there are sidewalks

  • 76 % Say it's dog friendly

  • 70 % Say car is needed

  • 67 % Say there's holiday spirit

  • 66 % Say yards are well-kept

  • 64 % Say it's walkable to restaurants

  • 63 % Say parking is easy

  • 54 % Say streets are well-lit

  • 51 % Say it's quiet

  • 51 % Say people would walk alone at night

  • 49 % Say kids play outside

  • 49 % Say they plan to stay for at least 5 years

  • 44 % Say it's walkable to grocery stores

  • 42 % Say neighbors are friendly

  • 31 % Say there are community events

  • 23 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Jasmine Saenz
    "There is always people walking their dogs or going for a run as well as people on their bikes. There are a few groups that do activities with the community. Local shops are not far are at a good walking distance. "
    0
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  • Anita Battle
    "It’s nice for what I seen been here two and a half years now and many more years to go can’t wait to explore more of Phoenix "
    0
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  • Sonny_sonnenstein
    "Just moved to Phoenix - looking for a neighborhood/house. So far it seems like a great town - food, drinks, entertainment, culture."
    0
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  • Trulia User
    "I've lived downtown over 5 years, and it's pretty safe overall. Minimal noise after business hours, but events and game traffic can get noisy. "
    4
    Flag
  • Trulia User
    "I've lived downtown for 5 yrs and the energy is great. The best part is the easy commute due to being centrally located; "
    5
    Flag
  • Trulia User
    "There is an excellent elementary school in Garfield. The families are what make the neighborhood great. In addition there are a lot of students & ASU employees. It’s close to everything downtown - arts, sports, and restaurants. Other than some transient people that you see anywhere these days, it’s a super cool mix of old & new Phoenix. "
    0
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  • Trulia User
    "I think the area is a good fit for families and animals, quite well crafted lawn and trees price fairly equal "
    0
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  • Trulia User
    "I have lived here for over two years and love it. I take the light rail everywhere. Plus every weekend there’s always something new to try and do here."
    8
    Flag
  • Trulia User
    "Lots of shops and things to do in this area. First Friday as well and it is very exciting to be here on that days. "
    6
    Flag
  • Trulia User
    "I love homey feeling in this neighborhood It’s a diamond in a rough place to call home. I love artsy vibe there are many cool places to go"
    4
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  • Trulia User
    "This neighborhood is safer than the surrounding and it has good schools. The are a alot of places to spend family time. The businesses are affordable. It's a welcoming atmosphere."
    2
    Flag
  • Trulia User
    "Great walking distance to bars and restaurants downtown. Near the farmers market on Saturdays and the baseball stadium. "
    0
    Flag
  • Trulia User
    " By car, 15 usually, up to 25 with traffic as work is farther uptown. Just fine, know which streets to avoid. "
    0
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  • Trulia User
    "I come here alot and I'm always comfortable in the neighborhood no one ever bothers me everyone is always kind and sticks "
    1
    Flag
  • Trulia User
    "There is a lot of history and some charm, however with the freeways close by and the amount of alley ways that are present in about 95% of the properties; this area gets a lot of homeless, dumpster divers, gang bangers and scouts on the look out for burgarlizing homes. we have to be very vigilant when it comes to our exterior and the back of our home due to very unsafe and unpatroled alley ways."
    0
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  • Trulia User
    "With supervision, kids can thrive here... I know this because I raised my own children in this area. Phoenix is an enormous city now and logic and prudence should prevail. It's super convenient and equadistant to everyone and everything in the valley! "
    0
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  • Trulia User
    "The area is affordable and not much else. No local culture and most amenities are a 10 minute drive away. "
    1
    Flag
  • Trulia User
    "a lot of nosey neighbors and complainers on dogs with or without leashes its always something and always too many dog walkers in evening everyone is out with a dog and rude when walking by with yours"
    0
    Flag
  • Vpyle34
    "Traffic is not bad close to the freeways. Easy to get around lots of cops and homeless people though"
    4
    Flag
  • Hiram D.
    "much culture and bars, galleries, cafes... such a good things to do. area is growing up so fast and easy to get everything. a new supermarket. you can walk by all downtown and find new restaurants and great people"
    7
    Flag
  • Meaganannt
    "There’s a lot of homeless in the area. However, there’s a lot of history and culture that children could be exposed to. "
    5
    Flag
  • Maria B.
    "A dog park would be nice and trying to keep the neighborhood clean for all purpose and have everything in order"
    0
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  • Juliamcswain2017
    "There are 2 dog parks right on the corner of 3rd Ave and Culver St, plus Margaret T Hance park is usually a nice place to walk your dog as well. Dogtopia has also recently opened a facility on the corner of 3rd Ave and McDowell."
    1
    Flag
  • Marysol B.
    "Strong police presence in this neighborhood.. high crime zone... Train passes in the middle of the night.. too many homeless and street people constantly walking by"
    5
    Flag
  • John T.
    "Central location and it makes it easy to explore what Phoenix has to offer, the Phoenix Public Library and Phoenix Art Museum are readily available. "
    1
    Flag
  • Taylor S.
    "Against the traffic is super nice commuting out to Tempe. The tunnel gets most backed up but otherwise, the 9-5 commute is super easy."
    3
    Flag
  • Clementyne.wanders
    "Lots of dog friendly bars/restaurants in the area. Many dog owners in the area that love their puppers as if they were their own babies."
    0
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  • Alda P. D.
    "Cultural diverse, proactive community with a variety of social spots. Near airport and many amenities within a easy commute distance."
    0
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  • Mljuarezrubio82
    "Dog owners are irresponsible and just let theirs dogs run the streets. They turn them lose they don’t feed them they don’t groom them. They let them starve and toss them out. "
    0
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  • Shamlolldesombra1008
    "The commute downtown is 5 minutes . Nice area to live Grocery stores near by hjjkkkkkj the time you come get "
    0
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  • Shonta E.
    "There is a lot of car traffic and there aren’t enough dog parks nearby where dogs and run free. Also other dog owners aren’t very responsible they let unleaded dogs roam the neighborhood and poop in other’s lawn without cleaning up"
    1
    Flag
  • Michelle B.
    "I drive or Uber my way to work. there always seems to be lots of traffic to downtown locations. always construction"
    2
    Flag
  • Deetbornton6153
    "lots of families with young school age children, everyone is pleasant to communicate with, no loud parties"
    2
    Flag
  • Eric M.
    "My neighborhood has access to public transportation in the means of the city bus. Unfortunately the light rail doesn't go that far west. I drive, so I hop on the I10 and can get to the downtown area rather quickly depending on time of day. "
    1
    Flag
  • Oscar M.
    "easy to commute around the city by foot, bike or scooter. Everything I would need is right around the corner. "
    0
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  • Jay.proformance
    "boating and fishing. There is great ethnc diversity and people of all ages. Closeness to the airport, malls and restaurants make it special."
    1
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2222 E GARFIELD Street, Phoenix, AZ 85006 is a 8 bedroom, 5 bathroom multi-family built in 1958. 2222 E GARFIELD Street is located in Central City, Phoenix. This property is not currently available for sale. 2222 E GARFIELD Street was last sold on Feb 14, 2025 for $1,395,000 (0% higher than the asking price of $1,395,000).