$1,100,000
Phoenix, AZ 85014
MLS# 6692547
1 / 9
Property Description
Greentree Palms is a 3-unit apartment community located in the highly desirable Uptown area of North/Central Phoenix. Built in 1959, this asset has been extensively renovated and consists of (2) 2 bedroom, 1 bath units and (1) 1 bedroom, 1 bath unit. Currently the two bedroom units rent for $1,700 - $2,000 and the one bedroom unit is vacant, but was previously rented for $1,500. The prime location of this asset presents a unique opportunity for an investor to live in one unit and rent out the others, or operate as short term rentals for increased monthly income. CONTACT LISTING AGENT FOR FULL MARKETING PACKAGE/OM
Details
Maps
Contract Info
Current Price: $1,100,000
List Price: $1,100,000
Status: Active
List Date: 2024-04-16
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 6215
Compass: N
Street Name: 14TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 1780
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 12 ROSE LANE TERRACE MCR 007144
Subdivision: ROSE LANE TERRACE
Assessor's Map #: 9
Assessor's Parcel #: 55
Add'l Parcels: No
Assessor Number: 161-09-055
Legal: LOT 12 ROSE LANE TERRACE MCR 007144
Census Tract: 106502
Tax Municipality: Phoenix
Taxes: 2358.96
Tax Year: 2023
Marketing Name: Greentree Palms
General Property Description
Lot Size Dimensions: 85ft, 128ft
Year Built: 1959
Uncvrd Parking Spcs: 1
Total # of Units: 3
# of Buildings: 1
Zoning: R-3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 14th an Rose Ln
Geo Lat: 33.52805
Geo Lon: -112.051019
Status Change Info
Status Change Date: 2024-04-16
Legal Info
Township: 2N
Range: 3E
Section: 9
Lot Number: 12
Income & Expenses
Annual Ins Exp: 2522
Annual Landscape Exp: 1700
Annual Maint Exp: 467
Annual Mgmt Exp: 3375
Annual Wtr/Swr Exp: 2362
Owner Association: No
Operating Exp: 12784.96
Gross Annual Sch Inc: 62400
Other Income: 1435
Adjusted Gross Inc: 63835
Net Operating Income: 51120
Pmt & Rate Info
Cap Rate: 4.65
Equity: 1100000
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
1 Bedroom Units
# 1 Bedroom Units: 1
Avg SqFt: 612
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1850
Avg SqFt: 900
# Baths: 1
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Patio/Balcony
Interior Amenities: Unfurnished
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup
Cooling: Ceiling Fan(s); Electric; Individual
Water: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: Propane Piped
Parking: Carport; Street Parking; 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: Hague Partners
Last Updated: April - 24 - 2024
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