$895,000
Phoenix, AZ 85009
MLS# 6685042
1 / 16
Property Description
Opportunity Awaits To Purchase This Multi-Unit Complex Just West of Downtown Phoenix. Newer Roof & Windows In Main House In (2018) - Property Consists of 4 Buildings, 1 & 2 Bedroom Units With 10 Income Producing Units/Rooms. Main House: 3 Leased Rooms That Share Kitchen and Living Area on Main Floor + 2 Separate Units with Private Exterior Entrances. Two Leased Rooms on 2nd Floor Sharing Kitchen, Bathroom and Living Area. BLDG 1: 2 Units - Both 1 Bed 1 Bath BLDG 2: 2 Bed + Bath BLDG 3: 2 Bed + Bath. Unique Property With Solid Monthly Cash Flow History of Nearly $10,000 Per Month. Storage BLDG on Slab Could Be Converted To Additional Units. Convenient Location With Easy Access to I-17 and I-10, Downtown Phoenix & Sky Harbor Airport.
Details
Maps
Contract Info
Current Price: $895,000
List Price: $895,000
Status: Active
List Date: 2024-04-01
Ownership: Fee Simple
Location Tax Legal
House Number: 2021
Compass: W
Street Name: WASHINGTON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 5271
Country: USA
County Code: Maricopa
Subdivision: CAPITOL ADDITION
Assessor Number: 109-49-101-A
Tax Year: 2024
General Property Description
Lot Size Dimensions: 14,000
Year Built: 1931
Total # of Units: 7
# of Buildings: 4
Zoning: R-3
Flood Zone: No
Elementary 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: 19th Avenue & Washington Street
Directions: Use GPS
Geo Lat: 33.447752
Geo Lon: -112.103182
Status Change Info
Status Change Date: 2024-04-01
Legal Info
Township: 1N
Range: 2E
Section: 12
Block: 43
Lot Number: 5
Income Expenses
Gross Annual Sch Inc: 114000
Net Operating Income: 80000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 900
Avg SqFt: 625
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1100
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1750
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced
Interior Amenities: Unfurnished
Appliances Included: Other (See Remarks)
Heating: Individual; Window/Wall Unit(s)
Cooling: Window/Wall Unit; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: 1 Space/Unit
Owner Pays: Water; Electric; Trash Collection
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Provided by Owner
Lockbox Type: None
Existing 1st Loan: Private
New Financing: Cash; Conventional
Environmental: None
Listing Office: Compass
Last Updated: September - 17 - 2024
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