$860,000
Phoenix, AZ 85007
MLS# 6716074
1 / 40
Property Description
3 year old duplex located in Historic Downtown Phoenix! Both units include 3 bedrooms, 2.5 bathrooms, a spacious open floor plan and large master suite. Kitchen has all the upgrades a tenant would ever want with beautiful quartz countertops, a large island, stainless steel appliances, and all white cabinets. In Unit Washers & Dryers included. 1 car detached garage for EACH unit and shared private yard. Central location provides access to all downtown amenities and light rail. Active leases on both units. New FHA rule allows for only 5% down for Primary Residence & collect rent to assist in Mortgage Payment. You will not find a newer-nicer duplex in this price range!
Details
Maps
Contract Info
Current Price: $860,000
List Price: $860,000
Status: Active
List Date: 2024-05-30
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1050
Compass: W
Street Name: POLK
St Suffix: Street
Unit #: 1 & 2
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 3001
Country: USA
County Code: Maricopa
Legal Description (Abbrev): UNIVERSITY
Subdivision: UNIVERSITY ADDITION
Assessor's Map #: 28
Assessor's Parcel #: 129
Add'l Parcels: No
Assessor Number: 111-28-129
Legal: UNIVERSITY
Census Tract: 112900
Tax Municipality: Phoenix
Taxes: 4886
Tax Year: 2023
Marketing Name: 1050 W Polk St.
General Property Description
Lot Size Dimensions: 51 X 124
Year Built: 2021
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: 1
Zoning: R-5
Flood Zone: No
Elementary School: Constitution Elementary School
Jr. High School: Capitol Elementary School
High School: Central High School
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 7th Avenue & Polk Street
Directions: West on Van Buren to 12th Ave, North to Property.
Geo Lat: 33.453561
Geo Lon: -112.088435
Status Change Info
Status Change Date: 2024-06-07
Legal Info
Township: 1N
Range: 3E
Section: 6
Lot Number: 7
Income & Expenses
Annual Mgmt Exp: 3154
Owner Association: No
Operating Exp: 8040
Gross Annual Sch Inc: 53172
Vacancy Allowance: 0.05
Adjusted Gross Inc: 50513.4
Net Operating Income: 43159.4
Pmt & Rate Info
Cap Rate: 5.02
Down Payment %: 5
Monthly Payments: 1
Equity: 860000
Showing Notification Methods
Showing Service: No Showing Service Used
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 2200
Avg SqFt: 1515
# Baths: 3
Property Features
Project Type: Duplex
Construction: Frame - Wood
Const - Finish: Painted; Stucco; Siding
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Building(s) Only; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Fenced; Patio/Balcony; Security Light(s)
Interior Amenities: Fire/Smoke Alarm(s); Mini Blinds; Breakfast Bar
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup
Cooling: Ceiling Fan(s); Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: Garage; Street Parking; >1 Space Per Unit; Assigned; Paved Parking
Roads/Streets: Asphalt; Alley
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Water; Electric; Trash; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: Realty ONE Group
Last Updated: June - 27 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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