$565,000
2989 N 44TH Street, 2033
Phoenix, AZ 85018
MLS# 6676265
3 beds  |  2 baths


2989 N 44TH Street, 2033, Phoenix, AZ 85018
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Property Description
**Investor Special Property with Tenants in Place** Welcome to an exceptional investment opportunity! This property offers a unique blend of immediate rental income and promising potential for future value appreciation. Here's a brief overview: **Location:** Located in a thriving neighborhood known for its convenience and amenities, this property sits amidst bustling shops, restaurants, and recreational facilities. Its proximity to major transportation routes ensures easy access to neighboring areas. **Property Type:** This multi-unit property is meticulously designed to offer comfort and functionality.

Details
Maps
Contract Information
Status Change Date: 2024-03-12
List Price: $565,000
Status: Active
Current Price: $565,000
List Date: 2024-03-12
Type: ER
Ownership: Condominium
Co-Ownership (Fractional) Agreement YN: No
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3
Variable Commission: N
Location, Tax & Legal
House Number: 2989
Compass: N
Street Name: 44TH
St Suffix: Street
Unit #: 2033
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Zip4: 7309
Country: USA
County Code: Maricopa
Building Number: 5W
Assessor's Map #: 5
Assessor's Parcel #: 118
Assessor Number: 127-05-118
Legal Description (Abbrev): LOT 2033 ARCADIA GROVE CONDOMINIUM MCR 057912
Subdivision: ARCADIA GROVE CONDOMINIUM
Tax Municipality: Phoenix
Taxes: 2108
Tax Year: 2023
General Property Description
Dwelling Type: Apartment Style/Flat
Dwelling Styles: Stacked
Exterior Stories: 3
# of Interior Levels: 1
# Bedrooms: 3
# Bathrooms: 2
Approx SQFT: 1648
Price/SqFt: 342.84
Horses: N
Builder Name: unk
Year Built: 2005
Approx Lot SqFt: 162
Approx Lot Acres: 0.004
Pool: Community Only
Elementary School: Tavan Elementary School
Jr. High School: Ingleside Middle School
High School: Arcadia High School
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Remarks & Misc
Cross Street: 44th Street and Thomas Rd
Geo Lat: 33.481729
Geo Lon: -111.985709
Legal Info
Township: 2N
Range: 4E
Section: 30
Lot Number: 2033
Association & Fees
HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: Yes
HOA Fee: 548
HOA Paid Frequency: Monthly
HOA Name: Arcadia Grove COA
HOA Telephone: 480-551-4300
HOA Management Company: First Service Res
HOA Management Phone: 480-551-4300
Special Assessment HOA: No
HOA 2 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee $/%: $
Cap Improvement/Impact Fee 2 $/%: $
Prepaid Association Fees HOA: 1096
Disclosure Fees HOA: 400
Other Fees HOA: 300
Other Fees Description: Bueyr Fee Move in/move out
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Rec Center Fee 2 Y/N: N
Ttl Mthly Fee Equiv: 548
Basement
Basement Y/N: N
Separate Den/Office
Sep Den/Office Y/N: Y
Parking Spaces
Garage Spaces: 2
Total Covered Spaces: 2
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Private Toilet Room
Additional Bedroom: 2 Master Bedrooms; Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet
Fireplace: No Fireplace
Flooring: Carpet; Tile
Pool Features: No Pool
Spa: None
Community Features: Clubhouse/Rec Room; Community Pool; Community Pool Htd; Community Spa; Community Spa Htd; Gated Community; Near Bus Stop; Workout Facility
Dining Area: Dining in LR/GR
Kitchen Features: Range/Oven Elec; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Pantry; Granite Countertops; Non-laminate Counter
Laundry: Washer Included; Dryer Included; Inside
Other Rooms: Great Room
Features: 9+ Flat Ceilings; Fire Sprinklers; Elevator; No Interior Steps; Water Softener Owned; Drink Wtr Filter Sys
Technology: Cable TV Avail; High Speed Internet Available
Exterior Features: Balcony; Covered Patio(s)
Construction: Frame - Wood
Const - Finish: Stucco; Brick Trim/Veneer
Roofing: Concrete
Cooling: Refrigeration
Heating: Electric
Utilities: SRP
Water: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Wrought Iron
Property Description: North/South Exposure
Landscaping: None
Lockbox Type: None
Possession: Subject To Tenant Rights
Unit Style: All on One Level; Neighbor Above; End Unit
Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Water; Sewer; Garbage Collection; Common Area Maint; Street Maint
Assoc Rules/Info: Pets OK (See Rmrks); No Visible Truck Trailer RV Boat; Clubhouse/Rec Center; VA Approved Prjct; Prof Managed
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Supplements
**Tenant Situation:** Currently, all units are occupied by reliable tenants, providing a steady stream of rental income from day one. The presence of long-term tenants underscores the desirability and stability of this investment opportunity. **Investment Potential:** With rental income already in place, this property presents an attractive proposition for savvy investors seeking immediate returns. Additionally, there's ample opportunity for value enhancement through strategic renovations or future rent adjustments in line with market trends. **Financials:** Detailed financial information, including current rental income, expenses, and potential return on investment, will be provided upon request to serious investors. **Opportunity for Growth:** Beyond its current rental income, this property offers potential for long-term growth and appreciation. As the surrounding area continues to develop and property values rise, investors stand to benefit from both rental yield and capital appreciation. **Conclusion:** With tenants in place and promising prospects for growth, this investor special property represents a lucrative opportunity for those looking to expand their real estate portfolio. Don't miss out on the chance to secure a solid investment in a prime location.

Listing Office: Barrett Real Estate

Last Updated: April - 02 - 2024

2989 N 44TH Street, 2033, Phoenix, AZ 85018 - MLS# 6676265
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