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1506 E MONROE Street

Phoenix AZ, 85034
3 Bed
2 Bath
0 Garage
0 Sqft
For Sale
$440,000.00
Est. Mortgage $1,345.00 / mo

About 1506 E MONROE Street

MLS ID#6777514

Nestled in the heart of downtown Phoenix, this updated 3-bedroom, 2-bathroom home offers a blend of charm and opportunity. With sought-after R-5 zoning, the property is primed for multi-family development, making it an ideal investment or house hacking opportunity—live in one part while renting out the rest to offset your mortgage. Recent updates include wide plank flooring, kitchen and bathroom remodels, and a roof refresh in 2020 and 2024. Large windows fill the home with natural light. The spacious backyard features a 10x10 concrete pad and endless possibilities for your vision. Close to top dining spots and entertainment venues, this home is move-in ready or ready for your next development project. Don't miss out on this fantastic opportunity in a rapidly growing area!

Facts & Features

Bedrooms
3 Bedrooms
Bathrooms
2 Bathrooms
Garages
0
Sqft (Total)
0 Sqft
Sub Division
COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
Year Built
1941
Style
Price/Sqft (AG)
n/a
School District
Phoenix Union High School District
Elementary
ASU Preparatory Academy - Polytechnic Elementary
Middle School
ASU Preparatory Academy - Phoenix Middle School
High School
ASU Preparatory Academy - Phoenix High School

Interior

Cooling n/a
Fireplaces n/a
Other Features No Interior Steps, 3/4 Bath Master Bdrm, High Speed Internet, Granite Counters
Heating n/a
Appliances n/a

Exterior

Roof Comp Shingle
Exterior Other, Covered Patio(s)
Other Features n/a
Garage Type n/a
Garage Spaces n/a

Mortgage Calculator

Est. Mo. Payment:   $1,234.00

Loan Payment
$0000.00
Mortgage Insurance
$0000.00
Taxes
$0000.00
%

This is not a commitment to lend. Not all borrowers will qualify. This is for illustrative purposes only and estimates are based on information you provided. Interest rates, mortgage insurance rates, and programs are subject to credit approval and available rates and terms will vary, sometimes drastically, based on borrower eligibility and program selected. For accurate interest rates and mortgage insurance rates please contact your mortgage consultant. For illustrative purposes FHA/VA and USDA loan amounts will include an estimate for the financed upfront MI amount.

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Listing courtesy of: Realty ONE Group Mountain Desert

Financing

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