$874,000
Phoenix, AZ 85034
MLS# 6668697
1 / 7
Property Description
Fantastic location within walking distance to the light rail, close to the airport and downtown Phoenix. Exterior freshly painted, new roofs, laundry in 4 of the 5 units, 2 of the a/c units are new and brand new tankless hot water heaters. Each of the units have had improvements upon vacancy such as: tiled flooring, tiled showers, backsplash and interior paint. Property is individually metered for electric. Lots of investor development in this area!
Details
Maps
Contract Info
Current Price: $874,000
List Price: $874,000
Status: Active
List Date: 2024-02-25
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2440
Compass: E
Street Name: MONROE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85034
Zip4: 1433
Country: USA
County Code: Maricopa
Legal Description (Abbrev): HIALEAH MCR 20-46 LOT 4 BLK 2 & ALSO S2 ABAND ALLEY LY N SD LOT
Subdivision: HIALEAH
Assessor's Map #: 63
Assessor's Parcel #: 16
Add'l Parcels: No
Assessor Number: 121-63-016
Legal: HIALEAH MCR 20-46 LOT 4 BLK 2 & ALSO S2 ABAND ALLEY LY N SD LOT
Census Tract: 113801
Tax Municipality: Phoenix
Taxes: 2154
Tax Year: 2023
Marketing Name: n/a
General Property Description
Lot Size Dimensions: 7754
Year Built: 1940
Uncvrd Parking Spcs: 5
Total # of Units: 5
# of Buildings: 2
Zoning: R4
Flood Zone: No
Elementary School District: Wilson Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 24th St & Van Buren
Directions: East on Van Buren St, South on 24th St, West on Monroe St, subject property on the left.
Geo Lat: 33.450606
Geo Lon: -112.028163
Status Change Info
Status Change Date: 2024-02-25
Legal Info
Township: 1N
Range: 3E
Section: 11
Lot Number: 4
Income & Expenses
Annual Ins Exp: 1302
Annual Landscape Exp: 500
Annual Maint Exp: 700
Annual Wtr/Swr Exp: 4907.94
Owner Association: No
Operating Exp: 9563.94
Gross Annual Sch Inc: 76800
Adjusted Gross Inc: 76800
Totl Mnth Rntal Inc: 6400
Net Operating Income: 67236.07
Pmt & Rate Info
Cap Rate: 7.65
Down Payment %: 100
Equity: 879000
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
# Efficiency Units: 1
Avg Rent: 1050
Avg SqFt: 437
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1250
Avg SqFt: 438
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1650
Avg SqFt: 821
# Baths: 1
Property Features
Project Type: Duplex; Tri-Plex
Construction: Block; Frame - Wood
Const - Finish: Painted; Siding
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Fenced
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator; W/D Hookup; Other (See Remarks)
Cooling: Central A/C; 2 or More Units
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
New Financing: VA; FHA; Conventional; No Carry
Reports/Disclosures: None
Environmental: None
Listing Office: Open House Realty
Last Updated: March - 25 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.