$1,150,000
Phoenix, AZ 85009
MLS# 6685042
1 / 3
Property Description
Great Opportunity To Purchase This Multi-Unit Complex Just West of Downtown Phoenix. New Roof & Windows In Main House In 2018. Property Is Comprised of 4 Buildings, 1 & 2 Bedroom Units With 10 Income Producing Units/Rooms. Main House: 3 Rented Rooms That Share Kitchen and Living Area + 2 Separate Units with Private Entrance. One Unit on 2nd Floor. BLDG 1: 2 Units - Both 1 Bed 1 Bath BLDG 2: 2 Bed + Bath BLDG 3: 2 Bed + Bath. Unique Property With Solid Monthly Cash Flow of Nearly $10,000 Per Month. Some Units Are Involved With Community Bridges Veterans Program Which Includes Counseling Mentorship and On-Site Visits. Convenient Location With Easy Access to I-17 and I-10, Downtown Phoenix & Sky Harbor Airport.
Details
Maps
Contract Info
Current Price: $1,150,000
List Price: $1,150,000
Status: Active
List Date: 2024-04-01
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2021
Compass: W
Street Name: WASHINGTON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 5271
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOTS 5 & 6 BLK 43 CAPITOL MCR 2-13 P/F 85-618588
Subdivision: CAPITOL ADDITION
Assessor's Map #: 49
Assessor's Parcel #: 101
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 109-49-101-A
Legal: LOTS 5 & 6 BLK 43 CAPITOL MCR 2-13 P/F 85-618588
Census Tract: 114402
Tax Municipality: Maricopa - COUNTY
Taxes: 1211
Tax Year: 2023
Marketing Name: Multi-Family
General Property Description
Lot Size Dimensions: 14,000
Year Built: 1931
Total # of Units: 7
# of Buildings: 4
Zoning: R-3
Flood Zone: No
Elementary School: Capitol Elementary School
High School: Central High School
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 19th Avenue & Washington Street
Directions: Use GPS
Geo Lat: 33.447752
Geo Lon: -112.103182
Status Change Info
Status Change Date: 2024-04-01
Legal Info
Township: 1N
Range: 2E
Section: 12
Block: 43
Lot Number: 5
Income & Expenses
Annual Elec Exp: 5195
Annual Wtr/Swr Exp: 3958
Owner Association: No
Annual Other Expense: 1308
Operating Exp: 11672
Gross Annual Sch Inc: 114000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 108300
Net Operating Income: 80000
Pmt & Rate Info
Cap Rate: 6.96
Equity: 1150000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 900
Avg SqFt: 625
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1100
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1750
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced
Interior Amenities: Unfurnished
Appliances Included: Other (See Remarks)
Heating: Individual; Window/Wall Unit(s)
Cooling: Window/Wall Unit; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Electric; Trash Collection
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Provided by Owner
Lockbox Type: None
Existing 1st Loan: Private
New Financing: Cash; Conventional
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Launch Powered By Compass
Last Updated: April - 09 - 2024
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