$780,000
Phoenix, AZ 85015
MLS# 6695865
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Property Description
2019 W Turney is a 4-unit mid-century apartment community, located in a great residential neighborhood. All units have been remodeled and offer private patios, which are always in high demand. Rents are below market and this is an attractive value-add opportunity. Solar topped carport & rooftop solar hot water systems lower costs to tenants. Opportunity to add value with minimal aesthetic improvement.
Details
Maps
Contract Info
Current Price: $780,000
List Price: $780,000
Status: Active
List Date: 2024-04-24
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2019
Compass: W
Street Name: TURNEY
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 4638
Country: USA
County Code: Maricopa
Legal Description (Abbrev): ARROW AC PT LOT 7 N 180.7' EX W 110' & EX E 214.5'
Subdivision: ARROW ACRES TRACT A
Assessor's Map #: 30
Assessor's Parcel #: 4
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 154-30-004-C
Legal: ARROW AC PT LOT 7 N 180.7' EX W 110' & EX E 214.5'
Census Tract: 109003
Tax Municipality: Phoenix
Taxes: 1539
Tax Year: 2023
Marketing Name: 2019 W Turney
General Property Description
Lot Size Dimensions: 12346
Year Built: 1957
Uncvrd Parking Spcs: 6
Total # of Units: 4
Zoning: R-3
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Turney/19th Ave
Geo Lat: 33.500183
Geo Lon: -112.102647
Status Change Info
Status Change Date: 2024-04-24
Legal Info
Township: 2N
Range: 2E
Section: 24
Lot Number: 7
Income & Expenses
Owner Association: No
Operating Exp: 1539
Gross Annual Sch Inc: 62544
Adjusted Gross Inc: 62544
Net Operating Income: 43503
Pmt & Rate Info
Cap Rate: 5.58
Down Payment %: 20
Monthly Payments: 14175
Equity: 780000
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1181
Avg SqFt: 587
# Baths: 1
4 Bedrooms Units
Avg Rent: 1303
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: Other
Appliances Included: Other (See Remarks)
Heating: Solar
Cooling: Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Solar
Gas: SW Gas
Parking: Carport; Assigned; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Other
Tenant Pays: Gas; Other (See Remarks)
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Cash; Conventional; 1031 Exchange
Reports/Disclosures: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: Arizona Investment & Mgt, LLC
Last Updated: April - 24 - 2024
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