Live in the main home while collecting $2,190/month in rental income from two tenant-occupied guest houses! Located in the heart of the Garfield Historic District, offers historic charm, flexible living and built-in income just minutes from Downtown Phoenix. The main residence features 2 bedrooms & 2 bathrooms with new flooring,… Read More new windows, remodeled bathrooms, & fresh interior & exterior paint. Unit 2 rents for $1,295/month with a lease through March 31, 2027, and Unit 3 rents for $895/month with a lease through July 31, 2027. A rare opportunity to enjoy a move-in-ready home while rental income helps offset your monthly housing costs. Ideal for an owner occupant, investor, or anyone looking for additional income potential in one of Downtown Phx's most established historic neighborhoods. Buyers exploring FHA or other low down payment owner-occupied financing may find this especially compelling, subject to lender and property eligibility requirements.
For investors, the property offers three separate living spaces in one of Central Phoenix's most recognizable historic neighborhoods, with two units already producing income and additional upside through the vacant main residence. The configuration also works well for multigenerational living, extended family, or a combination of personal use and rental income.
Located just minutes from Downtown Phoenix, Roosevelt Row, Banner University Medical Center, dining, entertainment, major employment centers, freeways, and Phoenix Sky Harbor International Airport, this is the type of central infill property that is increasingly difficult to replicate. Historic character, existing rental income, and multiple paths for occupancy make 1005 E Moreland St a standout opportunity for buyers looking to live, invest, or do both. Read Less
Courtesy of eXp Realty 480-420-4455
Listing Snapshot
Days Online
27
Last Updated
Beds
4
Year Built
1926
MLS Number
7074894
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Disposal, Refrigerator, Free-Standing Gas Oven, Washer/Dryer, W/D Hookup
Building
Built in 1926, 3 buildings, Construction Materials: Wood Frame, Painted, Stucco
Community
No Pool
Cooling
Central Air, Ceiling Fan(s)
Disclosures
Seller Prop Disc Stm
Expenses
Operating: $906
Floors
Laminate, Concrete
Heating
Natural Gas
Income
Gross Income: $49,020, Gross ScheduledIncome: $49,020, Net Operating Income: $49,020
Lot
Dimensions: 130.49x48.36
Parking
3 open parking spaces, 3 total parking spaces, Off Street, 1 Space/Unit, On Street
Roof
Composition
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 116-28-046-0, Public Survey Range: 3E, Public Survey Section: 4, Annual Amount: $906, Tax Book Number: 116.00, Legal Description: BRILL E2 W2 LOTS 6 7 8 BLK 12 EX S 20' OF E2 W2 LOT 6, Lot: 6, Parcel Letter: 0, Year: 2025, Zoning: R-3
Utilities
Water Source: City Franchise, APS
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