$774,000
Phoenix, AZ 85007
MLS# 6668693
1 / 10
Property Description
Tough to find opportunities like this! Unique architecture located in the Historic Oakland district within walking distance to the Grand Avenue of the Arts, light rail, Sky Harbor airport and downtown Phoenix. Rising rents in this growing area where there is a lot of investor development. Most units have been upgraded throughout the years to include: exterior and interior paint, tiled showers, new flooring, counters, windows, new roofs, 2 tankless gas hot water heaters, 2 newer a/c units. Individually metered for APS. Unit mix including 2bd/1 bath unit with w/d hookup. Two 1 bd/1 bath and one studio. New investor has room to increase cap!
Details
Maps
Contract Info
Current Price: $774,000
List Price: $774,000
Status: Active
List Date: 2024-02-25
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1333
Compass: W
Street Name: TAYLOR
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2573
Country: USA
County Code: Maricopa
Legal Description (Abbrev): UNIVERSITY PT OF LOTS 8 & 10 BLK N E2 OF 8 & W2 OF 10
Subdivision: UNIVERSITY ADDITION
Assessor's Map #: 28
Assessor's Parcel #: 73
Add'l Parcels: No
Assessor Number: 111-28-073
Legal: UNIVERSITY PT OF LOTS 8 & 10 BLK N E2 OF 8 & W2 OF 10
Census Tract: 112900
Tax Municipality: Phoenix
Taxes: 747
Tax Year: 2023
Marketing Name: n/a
General Property Description
Lot Size Dimensions: 6250
Year Built: 1916
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 2
Zoning: R5
Flood Zone: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 15th Ave & Van Buren
Directions: At the junction of I-10 go south on 15th Ave,. Turn left on Taylor St. Property on the right.
Geo Lat: 33.45395
Geo Lon: -112.090504
Status Change Info
Status Change Date: 2024-02-25
Legal Info
Township: 1N
Range: 3E
Section: 6
Lot Number: 8
Income & Expenses
Annual Gas Exp: 1543.81
Annual Ins Exp: 1296
Annual Landscape Exp: 250
Annual Maint Exp: 700
Annual Wtr/Swr Exp: 2809.48
Owner Association: No
Operating Exp: 7346.29
Gross Annual Sch Inc: 62400
Adjusted Gross Inc: 62400
Totl Mnth Rntal Inc: 5200
Net Operating Income: 55053.71
Pmt & Rate Info
Cap Rate: 6.98
Down Payment %: 100
Equity: 789000
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
# Efficiency Units: 1
Avg Rent: 1050
Avg SqFt: 368
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1250
Avg SqFt: 469
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1650
Avg SqFt: 747
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Frame - Wood; Brick
Const - Finish: Painted; Siding
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Fenced; RV/Boat Parking
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator; W/D Hookup
Heating: Natural Gas; Central
Cooling: Window/Wall Unit; Central A/C
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Master Meter
Parking: 1 Space/Unit; RV/Boat Parking
Roads/Streets: Asphalt
Owner Pays: Water; Gas; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
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; FHA; Conventional; No Carry
Reports/Disclosures: None
Environmental: None
Listing Office: Open House Realty
Last Updated: April - 23 - 2024
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