$2,000,000
929 E WELDON Avenue
Phoenix, AZ 85014
MLS# 6684624

Aerial view showing 2 triplexes, a historic 1920's home with rear studio cottage.
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Aerial view showing 2 triplexes, a historic 1920's home with rear studio cottage. The complex is in the forefront. This property is located in the middle of everything! 921 E. Weldon Ave. triplex. The 921 E. Weldon Ave. carport has 4 spaces. Side view of the carport. There is an uncovered spot also. Front yard of 925 E. Weldon Ave. 1920's home. Relaxing, lush green space. View from charming covered patio. Green is everywhere. Side view of front patio. View of open living room/dining room combo. Original built-ins have been preserved. Lots of character! U-shaped kitchen with plenty of cabinets. Kitchen window has view of beautiful vegetation. Here you can see the refrigerator and pantry. Partial view of bedroom. Built-ins on the other side of the bedroom. Updated bathroom with tub and shower combo. Den with lots of storage . View walking toward the studio cottage. There is nice open space for all to enjoy at the rear of the complex. Studio cottage is divided into bedroom and living room spaces. Cottage and end view of the 929 E. Weldon Ave. triplex. This is what you see as you enter the cottage. Efficient kitchen. This cottage is cozy but has everything that is needed. Communal open spaces make it easier for neighbors to become friends. Partial back view of 925 E. Weldon house and 929 E. Weldon cottage. Sidewalk in front of triplex. Similar view of sidewalk in between the triplex and front house. Living room in one of our 2-bedroom units. Kitchen view showing back door leading to private yard and storage. Galley kitchen. This is an eat-in kitchen. Nice-sized bedroom with view of the green space outside. Bathroom Back bedroom with view of rear yard. The end units in each triplex have sizable private rear yards. Another view of backyard showing storage room jutting out. Aerial view of carport at 929 E. Weldon Ave. View of the property from Weldon Ave. The 929 E. Weldon carport has 4 spaces and an extra uncovered spot. See the brand new roofs! This view shows what is to the north of the complex.

Property Description
Uptown and Midtown adjacent, this complex is in a great location! This offering consists of three parcels located at 921, 925 and 929 E. Weldon Ave. which must be sold together. There are 8 units comprised of 2 triplexes built in 1981, a historic 1920's home and a studio cottage. The grounds are green & beautiful. There are 8 covered parking spaces & 3 uncovered spots. Each apartment has its own private rear yard & storage room with washer/dryer hook-ups. Architectural features of the historic home have been nicely preserved. The studio cottage while open, has a partition allowing for separation of living spaces. The complex feels peaceful. Roofs new in 2022. Tenants are long term, pay timely and want to stay. Leases are up. Residential financing possible. Buyer to verify facts & figures.

Details
Maps
Documents
Contract Info
Current Price: $2,000,000
List Price: $2,000,000
Status: Active
List Date: 2024-03-30
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 929
Compass: E
Street Name: WELDON
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 5194
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 2 LA PUNTA MCR
Subdivision: LA PUNTA
Assessor's Map #: 18
Assessor's Parcel #: 2
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Assessor Number: 118-18-002-A
Legal: LOT 2 LA PUNTA MCR
Census Tract: 110600
Tax Municipality: Phoenix
Taxes: 3882
Tax Year: 2023
Marketing Name: none
General Property Description
Lot Size Dimensions: see Remarks
Year Built: 1981
Uncvrd Parking Spcs: 3
Total # of Units: 8
# of Buildings: 4
Zoning: Each parcel R-3
Flood Zone: No
Elementary School: Longfellow Elementary School
Jr. High School: Osborn Middle School
High School: North High School
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 7th Street and Indian School
Directions: From 7th Street, south of Indian School go east on Weldon. The combined parcels are located on the right just before the street goes to the left. The complex consists of 921, 925 & 929 E. Weldon Ave.
Geo Lat: 33.489987
Geo Lon: -112.061502
Status Change Info
Status Change Date: 2024-03-30
Legal Info
Township: 2N
Range: 3E
Section: 28
Lot Number: 2
Income & Expenses
Annual Ins Exp: 5400
Annual Landscape Exp: 3200
Annual Maint Exp: 3000
Annual Mgmt Exp: 14000
Annual Wtr/Swr Exp: 7400
Owner Association: No
Operating Exp: 36882
Gross Annual Sch Inc: 141600
Vacancy Allowance: 0.03
Adjusted Gross Inc: 137352
Net Operating Income: 104718
Pmt & Rate Info
Cap Rate: 5.24
Equity: 2000000
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
# Efficiency Units: 1
Avg Rent: 1125
Avg SqFt: 420
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1400
Avg SqFt: 760
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 1575
Avg SqFt: 890
# Baths: 1
Contact Info
List Agent Hme Phn 2: 602-980-5001
Property Features
Project Type: Tri-Plex; 5 - 12 Units; Other (See Remarks)
Other Type: House + Rental Units; Packaged Offering; Other (See Remarks)
Construction: Other (See Remarks)
Const - Finish: Painted; Stucco
Roofing: Comp Shingle; Rolled
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: See Remarks
Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony; Separate Storage
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator; Disposal; W/D Hookup; Other (See Remarks)
Heating: Central
Cooling: Electric; Central A/C
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: Carport; >1 Space Per Unit; Attached; Add'l Parking Avail
Roads/Streets: Asphalt; Alley
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma
Special: Owner/Agent
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None

Listing Office: Spotlight Realty, LLC

Last Updated: March - 30 - 2024

929 E WELDON Avenue, Phoenix, AZ 85014 - MLS# 6684624
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