$845,000
Phoenix, AZ 85008
MLS# 6692030
1 / 11
Property Description
Introducing The Agave 4: A Smart Investment Opportunity Conveniently nestled near Papago Park and Papago Golf Club, this fully renovated 4plex presents a promising prospect in Phoenix's rental market. Just a short 5-minute drive from Scottsdale's Old Town & Fashion Square district, The Agave 4 offers a mix of (1) 2 Bedroom 1 Bathroom unit and (3) 1 Bedroom 1 Bathroom units, each featuring stainless steel appliances, in-suite stackable washer/dryer units, and elegant quartz countertops. With its desirable location and modern amenities, this property provides investors with a reliable income stream. Notably, The Agave 4 is currently fully occupied, ensuring immediate returns. Don't miss out on this opportunity to enhance your investment portfolio. Inquire now for more information!
Details
Maps
Contract Info
Current Price: $845,000
List Price: $845,000
Status: Active
List Date: 2024-04-15
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2013
Compass: N
Street Name: 49TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 3339
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 7 HOLLY GARDENS MCR 008945
Subdivision: HOLLY GARDENS
Assessor's Map #: 18
Assessor's Parcel #: 27
Add'l Parcels: No
Assessor Number: 126-18-027
Legal: LOT 7 HOLLY GARDENS MCR 008945
Census Tract: 111201
Tax Municipality: Phoenix
Taxes: 1433
Tax Year: 2023
Marketing Name: Agave 4
General Property Description
Lot Size Dimensions: 166.01' x 71'
Year Built: 1962
Total # of Units: 4
# of Buildings: 1
Zoning: R-3
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 49th & Holly
Geo Lat: 33.469735
Geo Lon: -111.976336
Status Change Info
Status Change Date: 2024-04-15
Legal Info
Township: 2N
Range: 4E
Section: 32
Lot Number: 7
Income & Expenses
Owner Association: No
Operating Exp: 1433
Gross Annual Sch Inc: 63048
Other Income: 3161
Vacancy Allowance: 0.04
Adjusted Gross Inc: 63560.64
Net Operating Income: 46032
Pmt & Rate Info
Cap Rate: 5.45
Down Payment %: 25
Equity: 845000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1275
Avg SqFt: 625
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1495
Avg SqFt: 815
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Cable TV Available
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Wet Bar(s); Mini Blinds
Appliances Included: BI Oven/Range; Refrigerator; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Natural Gas
Cooling: Ceiling Fan(s); Electric; Central A/C
Water: Master Meter
Sewer: Sewer - Public
Electric: Individual Meter
Gas: Individual Meter
Parking: Carport; 1 Space/Unit; Add'l Parking Avail; Free
Roads/Streets: Asphalt; Sidewalk(s)
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Email
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: Copper Wren Residential LLC
Last Updated: April - 16 - 2024
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