$7,650,000
1435 E TAYLOR Street
Phoenix, AZ 85006
MLS# 7052542

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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
Maps
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
IDX
Listing Office: Matthews Real Estate Investment Services

Last Updated: July - 10 - 2026

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