$799,000
Phoenix, AZ 85034
MLS# 6676081
1 / 29
Property Description
Everyone is looking for Multifamily properties right now! Here is your opportunity to purchase rentals for passive income or do the popular house hack and live in one and rent the other! Best of all this is brand new construction! This duplex has 3 bedrooms and 2 baths in both units. The property will be completely finished with window treatments, stainless steel appliances, full-sized washer & dryer, low maintenance landscaping, and much more. This is truly a turn key property, ready for you to move in tenants right away. This property is located in the downtown Phoenix area with easy access to offices, freeways, and all the entertainment and restaurants the downtown offers! Still under construction, with completion set for April, but accepting offers now.
Details
Maps
Documents
Contract Info
Current Price: $799,000
List Price: $799,000
Status: Active
List Date: 2024-03-12
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1106
Compass: E
Street Name: YUMA
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85034
Zip4: 4532
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 20 LINCOLN PARK MCR 003425
Subdivision: LINCOLN PARK
Assessor's Map #: 43
Assessor's Parcel #: 67
Add'l Parcels: No
Assessor Number: 115-43-067
Legal: LOT 20 LINCOLN PARK MCR 003425
Census Tract: 117200
Tax Municipality: Phoenix
Taxes: 319
Tax Year: 2023
Marketing Name: Yuma Duplex
General Property Description
Lot Size Dimensions: 125X50
Year Built: 2024
Total # of Units: 2
# of Buildings: 1
Zoning: R-3
Elementary School: Silvestre S Herrera School
Jr. High School: Silvestre S Herrera School
High School: North High School
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: E Buckeye Rd and S 11th St.
Directions: AZ-51 S to Washington St. Take exit 148 from I-10 E
Continue on Washington St. Take S 16th St and E Buckeye Rd to E Yuma
Geo Lat: 33.435248
Geo Lon: -112.058333
Status Change Info
Status Change Date: 2024-04-11
Legal Info
Township: 1N
Range: 3E
Section: 16
Lot Number: 20
Income & Expenses
Owner Association: No
Operating Exp: 319
Gross Annual Sch Inc: 55200
Vacancy Allowance: 0.05
Adjusted Gross Inc: 52440
Totl Mnth Rntal Inc: 4600
Net Operating Income: 39540
Pmt & Rate Info
Cap Rate: 5.28
Equity: 749000
Showing Notification Methods
Showing Service: Aligned Showings
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 2300
Avg SqFt: 1100
# Baths: 2
Property Features
Project Type: Duplex
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Carpet; Other
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool; See Remarks
Exterior Amenities: Landscape Wtr System; Fenced
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Electric
Water: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: Carport; >1 Space Per Unit
Roads/Streets: Asphalt; Concrete
Owner Pays: Water; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Projected Proforma
Lockbox Type: Supra (ARMLS)
Existing 1st Loan: Treat as Free&Clear
New Financing: VA; FHA; Conventional; No Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Proforma 
Listing Office: FSR Realty
Last Updated: April - 23 - 2024
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