$862,500
Phoenix, AZ 85006
MLS# 6691921
1 / 19
Property Description
8 Total Units, Garden-Style Property, Built in 1984. Two Contiguous Fourplexes on Separate Parcels, Qualifies for Residential Financing. Light Value-Add Opportunity Through Interior Remodels. Attractive Unit Mix Consisting of 100% 2-Bed / 1-Bath Units, Which Include One Additional Office Space / Study Room Per Unit. Each Unit Boasts Large Front Patio Areas, Open Backyard Space, & Ample Front Parking. Property is Individually Metered for Electricity With Laundry Facility Included on Each Building & Storage Rooms for Each Unit Located Within Close Proximity to Phoenix Children's Hospital, Phoenix Country Club, Coronado Park, & Downtown Phoenix Easy Access to Route 51 Freeway & Phoenix Sky Harbor International Airport
Details
Maps
Contract Info
Current Price: $862,500
List Price: $862,500
Status: Active
List Date: 2024-04-15
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1757
Compass: E
Street Name: HARVARD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1859
Country: USA
County Code: Maricopa
Legal Description (Abbrev): GREENFIELD AC TR 2 MCR 14-2 PT LOT 48 DAF N2 OF E2 OF FOL DESC PAR W2 W2 LOT 48 & ALSO E 27.60F
Subdivision: GREENFIELD ACRES TRACT 2
Assessor's Map #: 6
Assessor's Parcel #: 69
Assessor Parcel Ltr: K
Add'l Parcels: Yes
Assessor Number: 117-06-069-K
Legal: GREENFIELD AC TR 2 MCR 14-2 PT LOT 48 DAF N2 OF E2 OF FOL DESC PAR W2 W2 LOT 48 & ALSO E 27.60F
Census Tract: 111602
Tax Municipality: Phoenix
Taxes: 1390
Tax Year: 2023
Marketing Name: 1753 & 1757 E Harvard St
General Property Description
Lot Size Dimensions: 8,280
Year Built: 1984
Uncvrd Parking Spcs: 8
Total # of Units: 8
# of Buildings: 2
Zoning: R-3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.473616
Geo Lon: -112.043125
Status Change Info
Status Change Date: 2024-04-15
Legal Info
Township: 2N
Range: 3E
Section: 34
Lot Number: 48
Income & Expenses
Owner Association: No
Operating Exp: 1390
Gross Annual Sch Inc: 128154
Vacancy Allowance: 0.5
Adjusted Gross Inc: 64077
Net Operating Income: 95226
Pmt & Rate Info
Cap Rate: 11.04
Down Payment %: 30
Monthly Payments: 7945
Equity: 862500
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1395
Avg SqFt: 648
# Baths: 1
Property Features
Project Type: Four Plex; 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Guard Gate
Appliances Included: BI Oven/Range
Heating: Other
Cooling: Ceiling Fan(s); Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Mech-box / Combo
New Financing: Cash; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: ABI Multifamily
Last Updated: May - 02 - 2024
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