$1,140,000
2122 W AUGUSTA Avenue
Phoenix, AZ 85021
MLS# 6724755



2122 W AUGUSTA Avenue, Phoenix, AZ 85021
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Property Description
Discover an incredible investment opportunity with this stunning fourplex located at 2122 W Augusta Ave, Phoenix, AZ 85021. This beautifully renovated property can be purchased using residential financing, making it accessible for both new and experienced investors. It is paired with 2124 W Augusta Ave, a triplex that can also be acquired with residential financing, or alternatively, experienced investors can opt for commercial financing.

Details
Maps
Contract Info
Current Price: $1,140,000
List Price: $1,140,000
Status: Active
List Date: 2024-06-27
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2122
Compass: W
Street Name: AUGUSTA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 6838
Country: USA
County Code: Maricopa
Legal Description (Abbrev): VISTA INCOME ESTATES UNIT TWO MCR 19/18 N2 & E 16F OF S2 LOT 16
Subdivision: VISTA INCOME ESTATES 2
Assessor's Map #: 21
Assessor's Parcel #: 16
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Assessor Number: 157-21-016-C
Legal: VISTA INCOME ESTATES UNIT TWO MCR 19/18 N2 & E 16F OF S2 LOT 16
Census Tract: 106002
Tax Municipality: Phoenix
Taxes: 1293
Tax Year: 2023
Marketing Name: Vista Income 4 Plex
General Property Description
Lot Size Dimensions: irr
Year Built: 1987
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: 1
Zoning: [R-3] Multiple
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 23rd Ave and Northern
Directions: Turn south from Northern. At Augusta turn east and property is on the north side of the street
Geo Lat: 33.551886
Geo Lon: -112.105183
Status Change Info
Status Change Date: 2024-06-27
Legal Info
Township: 2N
Range: 2E
Section: 1
Lot Number: 16
Income & Expenses
Annual Ins Exp: 1300
Annual Landscape Exp: 600
Annual Maint Exp: 1000
Annual Mgmt Exp: 3120
Annual Wtr/Swr Exp: 1800
Owner Association: No
Operating Exp: 9113
Gross Annual Sch Inc: 72558
Other Income: 3720
Vacancy Allowance: 0.03
Adjusted Gross Inc: 73989.66
Net Operating Income: 64677
Pmt & Rate Info
Cap Rate: 5.67
Down Payment %: 25
Equity: 1140000
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1600
Avg SqFt: 580
# Baths: 1
Property Features
Project Type: Four Plex; Other (See Remarks)
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Amenities: No Pool; Other
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump; Individual
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: Street Parking; >1 Space Per Unit; Add'l Parking Avail; Free; Paved Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s)
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible
Environmental: None
Supplements
Discover an incredible investment opportunity with this stunning fourplex located at 2122 W Augusta Ave, Phoenix, AZ 85021. This beautifully renovated property can be purchased using residential financing, making it accessible for both new and experienced investors. It is paired with 2124 W Augusta Ave, a triplex that can also be acquired with residential financing, or alternatively, experienced investors can opt for commercial financing. #### Highlights: - **Extensive Rehabilitation**: Nearly half a million dollars have been invested in rehabilitating this property, ensuring top-notch quality and modern amenities. - **Luxury Finishes**: Every unit features luxurious quartz countertops, exuding elegance and durability. - **Smooth Stucco Exterior**: The building boasts a smooth stucco finish, enhancing its curb appeal and offering a sleek, modern look. - **Attention to Detail**: The meticulous attention to detail in the renovation process is evident, promising a luxurious living experience for tenants. #### Investment Flexibility: - **Residential Financing**: Suitable for new investors looking to enter the real estate market. - **Commercial Financing**: Experienced investors may prefer this option for potentially more favorable terms. #### Combined Purchase Advantage: - **Fully Occupied Units**: When both properties (2122 and 2124 W Augusta Ave) are purchased together, you gain seven completely occupied units. - **Exceptional Rehab Work**: Both properties have undergone fabulous renovations, ensuring they are move-in ready and highly appealing to tenants. #### Additional Information: - Buyers are encouraged to verify all facts and figures to ensure complete satisfaction with the purchase. Don't miss out on this extraordinary opportunity to own a beautifully renovated triplex in a prime location. Whether you're a new investor or an experienced one, this property offers the perfect blend of luxury and practicality. The area around 21 Ave and Northern in Phoenix AZ is a bustling commercial and residential hub that offers a plethora of employment opportunities, making it a highly sought-after destination for job seekers. Some of the major employers in the area include Honeywell Aerospace, American Express, and Phoenix Children's Hospital, among others. With the presence of such reputed companies, the area has a strong employment base, attracting both young professionals and seasoned workers looking for career advancement opportunities. Apart from the strong job market, the 21 Ave and Northern area is also known for its vibrant entertainment scene. There are several shopping centers, restaurants, bars, and theaters in the vicinity, providing ample options for residents and visitors alike. The Metrocenter Mall, located a few miles from the area, is a popular destination for shoppers, offering a wide range of stores and dining options. Moreover, the area boasts a diverse range of culinary offerings, with several local eateries and international restaurants. One of the major attractions of the 21 Ave and Northern area is the Phoenix Light Rail, a modern public transportation system that connects several areas of the city, including downtown Phoenix, Tempe, and Mesa. The light rail has made commuting easier for residents and has helped to reduce traffic congestion in the area. Additionally, the light rail is an excellent option for visitors who want to explore the city's many attractions without having to worry about driving and parking. The area also offers several recreational opportunities, including parks, hiking trails, and sports facilities. The North Mountain Park and Preserve, located just a few miles from the area, is a popular destination for hiking and outdoor activities. Moreover, the area has several sports facilities, including the Rose Mofford Sports Complex, which offers baseball, soccer, and softball fields. In summary, the 21 Ave and Northern area in Phoenix AZ is a dynamic and diverse neighborhood that offers excellent employment opportunities, a vibrant entertainment scene, and convenient access to public transportation. With its range of recreational and cultural attractions, the area is an excellent destination for residents and visitors alike.

Listing Office: Gerchick Real Estate

Last Updated: June - 29 - 2024

2122 W AUGUSTA Avenue, Phoenix, AZ 85021 - MLS# 6724755
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