$625,000
Phoenix, AZ 85006
MLS# 6682593
Status: Pending
1 / 5
Property Description
Unlock the potential of this remarkable affordable rental property, A rare investment opportunity nestled in a thriving community. With its strategic location and promising rental income, this property presents a compelling proposition for savvy investors seeking long term growth. Offering affordable housing solutions to those in need, it stands as a beacon of opportunity and social impact. Featuring a solid structure and stable tenant base., this property ensures a steady stream of revenue with minimal management hassle. Invest in the future while making a meaningful difference in the lives of others with this exceptional income-generating asset. Current rents are way below market. the 2 bedroom should be $1200+ and the 1 bedrooms should all be $925
Details
Maps
Contract Info
Current Price: $625,000
List Price: $625,000
Status: Pending
List Date: 2024-03-25
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2301
Compass: E
Street Name: HARVARD
St Suffix: Street
Unit #: 4
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1577
Country: USA
County Code: Maricopa
Building Number: 1
Legal Description (Abbrev): AVALON BLKS 1-4
Subdivision: Avalon
Assessor's Map #: 8
Assessor's Parcel #: 24
Add'l Parcels: No
Assessor Number: 117-08-024
Legal: AVALON
Census Tract: 111601
Tax Municipality: Phoenix
Taxes: 1365
Tax Year: 2023
Marketing Name: Avalon
General Property Description
Lot Size Dimensions: unknown
Year Built: 1960
Uncvrd Parking Spcs: 3
Total # of Units: 4
# of Buildings: 1
Zoning: Multi
Flood Zone: No
Elementary School: Creighton Elementary School
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Thomas & 24th ST
Directions: North on 24th St to Harvard west to property
Geo Lat: 33.47367
Geo Lon: -112.032192
Status Change Info
Status Change Date: 2024-06-28
Off Market Date: 2024-06-28
Under Contract Date: 2024-05-18
Legal Info
Township: 2N
Range: 3E
Section: 34
Lot Number: 14
Income & Expenses
Owner Association: No
Operating Exp: 1365
Pmt & Rate Info
Down Payment %: 25
Equity: 625000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 825
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 836
# Baths: 1
Contact Info
List Agent Home Phn: 602-315-5329
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Built-Up
Floors: Vinyl; Ceramic Tile
Sale Includes: Building(s) Only
Community Amenities: No Pool
Interior Amenities: Mini Blinds
Appliances Included: None
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Carport
Roads/Streets: Sidewalk(s)
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: Realty ONE Group
Last Updated: June - 28 - 2024
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