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Key Details
Sold Price $505,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Hilton Place
MLS Listing ID 6880768
Sold Date 09/22/25
Maintenance Fees $1,500
Year Built 1946
Annual Tax Amount $681
Tax Year 2024
Lot Dimensions 6900
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
1217 E Hess Ave offers an exceptional investment opportunity with an assumable FHA loan at 5.25%. This property is minutes from Downtown Phoenix, Sky Harbor Airport, and major freeways (I-10, Loop 202). The property is surrounded by major employment hubs including ASU's Downtown campus, Phoenix Biomedical Campus, Maricopa County and City of Phoenix government centers, and top corporate employers like Freeport-McMoRan, Honeywell, Wells Fargo, Chase, and APS. Ongoing redevelopment in the Warehouse District and Central City neighborhoods is fueling rental demand from young professionals, students, and healthcare workers. With excellent access to transit, entertainment, and a strong, diverse job market, this property is well-positioned
for steady cash flow and long-term appreciation.
Location
State AZ
County Maricopa
Community Hilton Place
Zoning R-3
Direction Head south on 12th street then turn left on East Hess Ave
Interior
Heating Electric
Cooling Electric
Flooring Vinyl
Appliance Refrigerator, Built-In Gas Oven, Washer/Dryer
Exterior
Parking Features 1 Space/Unit, On Street
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 115-37-078-B
Acceptable Financing No Carry, Conventional, 1031 Exchange, FHA, VA Loan
Disclosures None
Listing Terms No Carry, Conventional, 1031 Exchange, FHA, VA Loan
Financing Cash
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