Viewing Listing MLS# 7037076
Phoenix, AZ 85007
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1940Year Built
- 0.00Acres
- 86 yearsEst Age
- MLS# 7037076
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market16 days
- AreaN/A
- CountyMaricopa
- Subdivision Daniels 2nd Addition
Overview
Excellent value-add multifamily investment opportunity located in the growing Central Phoenix market. This unique 4-unit property offers strong income potential with major renovation work already completed, making it an ideal opportunity for investors looking to finish the final touches and maximize returns.The property consists of:Front Unit: Spacious 3 Bedroom / 2 Full Bathroom unit with in-unit laundry roomRear Unit 1: 1 Bedroom / 1 BathroomRear Unit 2: 2 Bedroom / 1 BathroomRear Unit 3: Studio unitEach rear unit has its own private entrance, creating privacy and flexibility for tenants.The majority of the interior renovation work has already been completed. Additional planned upgrades include:Brand new electrical system installationNew HVAC systemsNew ap New hot water heatersSeller plans to complete the remaining improvements prior to closing for an additional negotiated price, providing buyers flexibility to either purchase as-is or receive a near turn-key finished product.The property includes parking for approximately 3 vehicles onsite, along with additional street parking availability.This is a great opportunity for an investor or owner-operator to take over a nearly completed project and add the final cosmetic and operational touches. Estimated total rental income is projected to exceed $4,000 per month once fully stabilized.Conveniently located near Downtown Phoenix, major freeways, employment centers, dining, shopping, and public transportation, this property benefits from strong rental demand and continued area growth.Priced to sell quickly. Excellent opportunity for investors seeking cash flow, appreciation potential, and value-add upside.Buyer to verify all facts, figures, measurements, zoning, permits, and projected rental income.
Agriculture / Farm
Association Fees / Info
Community Features: No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Wood Frame, Painted, Stucco
Roof: Tile
Exterior Features
Financial
Owner Pays: See Remarks,None
Gross Income: 96000
Insurance Expense: 2000
Maintenance Expense: 1000
Garage / Parking
Parking Features: Carport
Interior Features
Flooring: Ceramic Tile, Vinyl
Appliances: Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Lot Info
Lot Size: 5889
Number of Buildings: 2
Other School Info
Property Info
Road Surface Type: Concrete
Zoning: residential
Tax Info
Tax Legal Description: LOT 14 DANIELS 2ND ADDITION MCR 002511
Tax Amount Annual: 1480
Unit Info
Total Units: 4
Utilities / Hvac
Water Source: Master Meter, City Franchise
Electric: APS, Master Meter
Cooling: Yes
Cool System: Heat Pump
Heating: Individual, Heat Pump
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Schools
Elem: Mary McLeod Bethune School
Middle: Mary McLeod Bethune School
High: Central High School
Directions
West to 10th ave then North to house
Listings courtesy of Kosh Realty
MLS# 7036189