$1,450,000
2610 N 24TH Street
Phoenix, AZ 85008
MLS# 6662622



2610 N 24TH Street, Phoenix, AZ 85008
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Property Description
The Property 🏡 **Investment Opportunity in Phoenix, AZ - Master Leased Triplex** Welcome to 2610 N 24th St, Phoenix, AZ 85008 - a remarkable investment opportunity tailored for the savvy investor seeking hassle-free returns and long-term stability. This triplex, strategically located in the heart of Phoenix, is not just a property; it's a gateway to consistent passive income and peace of mind. See Suppliment

Details
Maps
Contract Info
Current Price: $1,450,000
List Price: $1,450,000
Status: Active
List Date: 2024-02-11
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2610
Compass: N
Street Name: 24TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 1846
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 3 6 GREENFIELD GARDENS BLOCKS 1 THRU 5 MCR 002021
Subdivision: GREENFIELD GARDENS BLOCKS 1 THRU 5
Assessor's Map #: 8
Assessor's Parcel #: 112
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 117-08-112-C
Legal: LOT 3 6 GREENFIELD GARDENS BLOCKS 1 THRU 5 MCR 002021
Census Tract: 111601
Tax Municipality: Phoenix
Taxes: 541
Tax Year: 2023
Marketing Name: NN Lease Triplex
General Property Description
Lot Size Dimensions: irr
Year Built: 1937
Uncvrd Parking Spcs: 4
Total # of Units: 3
# of Buildings: 3
Zoning: R-5
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Thomas and 24th Street
Directions: South on 24th Street from Thomas. Property is on the west side of street
Geo Lat: 33.47621
Geo Lon: -112.030584
Status Change Info
Status Change Date: 2024-02-11
Legal Info
Township: 2N
Range: 3E
Section: 34
Lot Number: 3 6
Income & Expenses
Owner Association: No
Operating Exp: 541
Gross Annual Sch Inc: 78000
Adjusted Gross Inc: 78000
Net Operating Income: 77459
Pmt & Rate Info
Cap Rate: 5.34
Equity: 1450000
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 6500
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg SqFt: 2000
# Baths: 1
Property Features
Project Type: Tri-Plex
Construction: Frame - Wood; Adobe
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks)
Community Amenities: No Pool; Spa(s); Heated Spa(s); Play Area; Golf/Putting Green; Barbecue; See Remarks
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump; Individual
Water: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: Propane Bottled
Parking: Carport; >1 Space Per Unit; Free; Paved Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s)
Owner Pays: Other; See Remarks
Tenant Pays: Water; Sewer; Electric; Trash; Cable TV; Landscaping; Pool/Spa Maintenance; Other (See Remarks)
Source of Fincl Data: Provided by Owner
Lockbox Type: Other; See Private Remarks
New Financing: Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm; Sch of Personal Prop; Other (See Remarks)
Environmental: Other (See Remarks)
Supplements
The Property <á **Investment Opportunity in Phoenix, AZ - Master Leased Triplex** Welcome to 2610 N 24th St, Phoenix, AZ 85008 - a remarkable investment opportunity tailored for the savvy investor seeking hassle-free returns and long-term stability. This triplex, strategically located in the heart of Phoenix, is not just a property; it's a gateway to consistent passive income and peace of mind. **Key Features:** = **Master Lease with an Alcohol Sobriety Company:** The property is master leased to a reputable alcohol sobriety company, ensuring a steady stream of income. With the tenant bearing all expenses except property insurance and taxes, you can enjoy hassle-free ownership while maximizing your returns. =° **Lucrative Lease Terms:** The lease agreement secures a monthly income of $6,500, with a 5% rental increase annually, guaranteeing growth in your investment over the three-year lease period. <Þ **Exceptional Amenities:** Step into a tranquil oasis boasting an amazing courtyard adorned with a spa, BBQ area, firepit, and a putting green. This meticulously designed space enhances the property's appeal and ensures tenant satisfaction. <à **Tasteful Decor and High Success Rate:** Every detail of this property has been carefully curated, offering a tastefully decorated environment that contributes to its high success rate. Experience the simplicity of investing with a property that not only meets but exceeds expectations. **Why Invest Here?** =È **Stability and Convenience:** Enjoy the simplicity of investing with a property that offers stable returns and minimal management requirements. With the tenant handling most expenses, you can focus on reaping the rewards of your investment effortlessly. < **Residential Loan Eligibility:** Unlike many commercial properties, this triplex is eligible for residential loans, making financing more accessible and convenient for potential investors. = **Verify and Secure Your Investment:** While we provide you with comprehensive details, we encourage potential buyers to verify all facts and figures to ensure confidence in their investment decision. Don't miss out on this exceptional opportunity to secure a prime investment property in Phoenix, AZ. Whether you're a seasoned investor or just starting, this master leased triplex offers simplicity, stability, and significant potential for growth. Contact us today to learn more and take the first step towards building your investment portfolio! *Disclaimer: Buyer to verify all facts and figures. Investment decisions should be made after thorough due diligence.*

Listing Office: Gerchick Real Estate

Last Updated: April - 18 - 2024

2610 N 24TH Street, Phoenix, AZ 85008 - MLS# 6662622
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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