$499,900
1731 E WOOD Street
Phoenix, AZ 85040
MLS# 6281399
Status: UCB (Under Contract-Backups)
3312 sqft


1731 E WOOD Street, Phoenix, AZ 85040
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Property Description
Established church property for in South Phoenix. Parcel #'s 122-39-064 & -062. This property generates $3,000/month in income from the tenant/operator. The property is zoned R-3 multi-family, so an adaptive use to multi-family is an option! Excellent worship & lobby area along with a mens/ladies restrooms. A mezzanine area overlooks the worship area. In the rear is a kitchen and dining area for gatherings! There is a whole other parcel included in the sale for expansion. Owner will consider a seller carry-back with at least $100,000 down.

Details
Maps
Contract Info
Current Price: $499,900
List Price: $499,900
Status: UCB (Under Contract-Backups)
List Date: 2021-08-19
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: R35
House Number: 1731
Compass: E
Street Name: WOOD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1361
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 15 BLOCK 3 BELMONT PARK BLKS 1, 3 & 5 MCR 003142
Subdivision: BELMONT PARK BLKS 1, 3 & 5
Assessor's Map #: 39
Assessor's Parcel #: 64
Add'l Parcels: Yes
Assessor Number: 122-39-064
Census Tract: 115300
Legal: LOT 15 BLOCK 3 BELMONT PARK BLKS 1, 3 & 5 MCR 003142
Tax Municipality: Phoenix
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 3312
# of Buildings: 1
Year Built: 1984
Uncvrd Parking Spcs: 10
Zoning: R-3
Remarks & Misc
Cross Street: 16th Street & Broadway Road
Directions: go north on 16th Street, east on Wood Street to the building. Property on the south side.
Geo Lat: 33.408344
Geo Lon: -112.043475
Status Change Info
Status Change Date: 2021-11-17
UCB or CCBS: UCB (Under Contract-Backups)
Legal Info
Township: 1N
Range: 3E
Section: 22
Lot Number: 15 &13
Income & Expenses
Owner Association: No
Gross Annual Sch Inc: 36000
Adjusted Gross Inc: 36000
Net Operating Income: 36000
Pmt & Rate Info
Cap Rate: 7.2
Equity: 499900
Property Access
Mech-box Code - DND2: 0000
Property Features
Building Type: Other (See Remarks)
Current Use: Religious Facility
Stories: 2 Stories
Construction: Block
Roofing: Comp Shingle
Floors: Ceramic Tile; Carpet
Ceiling Height: 16.1 Feet to 28 Feet
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Security System; Security Light(s); Security Camera(s)
Exterior: Security Light(s)
Fencing: Chain Link
Parking: Free
Electric: SRP
Gas: None
Water: City Franchise
Sewer: Sewer-In & Connected
Owner Wants: Cash Only; Owner May Carry; 1031 Exchange
Source of Fincl Data: Provided by Owner
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None

Listing Office: Realty ONE Group

Last Updated: November - 29 - 2021

1731 E WOOD Street, Phoenix, AZ 85040 - MLS# 6281399

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