$790,000
Phoenix, AZ 85017
MLS# 6692510
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Property Description
Discover the perfect investment opportunity All tenants enjoy the flexibility of month-to-month leases. This property boasts three updated units, each offering 2 bedrooms and 1 bathroom. Two units span approximately 1000 sq. ft, while the third measures around 800 sq. ft. Plus, a convenient coin-operated laundry room simplifies chores for tenants. With a spacious lot of approximately 3/4 of an acre, the potential for expanding your portfolio is immense - envision up to 11 additional units! Situated near the I-17, dining, shopping, and public transit, convenience is at your doorstep. There is a remarkable investment opportunity here.
Details
Maps
Contract Info
Current Price: $790,000
List Price: $790,000
Status: Active
List Date: 2024-04-16
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2609
Compass: W
Street Name: MCLELLAN
St Suffix: Boulevard
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 1333
Country: USA
County Code: Maricopa
Legal Description (Abbrev): WASHINGTON HOMESITES LOT 9 W 100' OF E238.02'
Subdivision: WASHINGTON HOMESITES
Assessor's Map #: 2
Assessor's Parcel #: 12
Add'l Parcels: No
Assessor Number: 156-02-012
Legal: WASHINGTON HOMESITES LOT 9 W 100' OF E238.02'
Census Tract: 106801
Tax Municipality: Phoenix
Taxes: 1812
Tax Year: 2023
Marketing Name: Washington Heights
General Property Description
Lot Size Dimensions: 31,560
Year Built: 1955
Uncvrd Parking Spcs: 1
Total # of Units: 3
# of Buildings: 1
Zoning: R-3
Flood Zone: No
Elementary School: Washington Elementary School - Phoenix
Jr. High School: Palo Verde Middle School
High School: Washington High School
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 27th Ave & Glendale Ave
Geo Lat: 33.532607
Geo Lon: -112.115313
Status Change Info
Status Change Date: 2024-04-16
Legal Info
Township: 2N
Range: 2E
Section: 12
Lot Number: 9
Income & Expenses
Annual Elec Exp: 6960
Annual Ins Exp: 1102
Annual Wtr/Swr Exp: 2280
Owner Association: No
Operating Exp: 12154
Gross Annual Sch Inc: 50340
Other Income: 1200
Vacancy Allowance: 0.03
Adjusted Gross Inc: 49993.8
Net Operating Income: 55200
Pmt & Rate Info
Cap Rate: 6.99
Equity: 790000
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1650
Avg SqFt: 1000
# Baths: 1
Property Features
Project Type: Tri-Plex
Construction: Frame - Wood; Slump Block
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Fenced
Interior Amenities: Mini Blinds; Drapes
Appliances Included: F/S Oven/Range; Refrigerator; Washer/Dryer
Cooling: Ceiling Fan(s); Electric; Central A/C
Water: Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking: Street Parking; 1 Space/Unit; RV/Boat Parking
Roads/Streets: Asphalt
Owner Pays: Water; Electric; Trash Collection
Tenant Pays: Cable TV
Source of Fincl Data: Provided by Owner; Books Shwn Accpt Ofr
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: Realty ONE Group
Last Updated: April - 24 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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