$2,500,000
Phoenix, AZ 85040
MLS# 6817689
1 / 20
Property Description
Unlock the potential of this high-income investment property! Featuring 2 buildings with storefront exposure on Central Ave and 14 duplex-style studios rented month-to-month . Seize this high-income real estate opportunity with a strong rental demand!
Details
Maps
Contract Info
Current Price: $2,500,000
List Price: $2,500,000
Status: Active
List Date: 2025-02-07
Ownership: Fee Simple
Location Tax Legal
House Number: 4216
Compass: S
Street Name: CENTRAL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1024
Country: US
County Code: Maricopa
Assessor Number: 113-07-122
Tax Year: 2024
General Property Description
Type of Property: Store fronts + Studios rentals
Ttl Apx SqFt Bldg: 9539
# of Buildings: 9
Year Built: 1941
Uncvrd Parking Spcs: 15
Zoning: C-3
Remarks Misc
Cross Street: BROADWAY Rd on CENTRAL Avenue
Directions: Property is west side on Central Ave. From Broadway Rd go north on Central Ave, Make a U-turn at E Riverside St
Geo Lat: 33.40814
Geo Lon: -112.073993
Status Change Info
Status Change Date: 2025-02-07
Legal Info
Township: 1N
Range: 3E
Section: 20
Income Expenses
Gross Annual Sch Inc: 150000
Net Operating Income: 143268
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial; Office
Business Type: Mixed; Service Business; Retail
Stories: 1 Story
Construction: Block
Roofing: Composition
Floors: Concrete
Ceiling Height: 8 Feet or Less
Heating: None
Cooling: Office A/C
Loading Facilities: None
Interior: Finished; Smoke Detector(s)
Fencing: Chain Link
Parking Features: Free; Parking Lot
Electric: SRP
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
Railroad: Railroad 1 - 5 Miles
New Financing: Cash Only; Cash to Loan; Owner May Carry; Other (See Remarks)
Showing Notification Methods: Text
Lockbox Type: None
Source of Fincl Data: Owner
Traffic Count: 25,001 to 35,000
Environmental: None
Listing Office: West USA Realty
Last Updated: April - 10 - 2025
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