1435 E TAYLOR Street, Phoenix, AZ 85006 (MLS# 7052542)

1435 E TAYLOR Street, Phoenix, AZ 85006

$7,650,000

Property Type: Multiple Dwellings Status: Active

Current Price: $7,650,000 Last Modified: 7/10/2026

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.

More Information MLS# 7052542

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

Listing Office: Matthews Real Estate Investment Services

Last Updated: July - 10 - 2026