Viewing Listing MLS# 7042693
$756,847 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Phoenix, AZ 85034
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1936Year Built
- 0.00Acres
- 90 yearsEst Age
- MLS# 7042693
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market4 days
- AreaN/A
- CountyMaricopa
- Subdivision Hilton Place
Overview
Fantastic investment opportunity in the heart of Phoenix! This unique property features two detached homes on one oversized 10,000+ square foot lot, offering immediate cash flow and future upside. The front home offers 5 bedrooms and 2 bathrooms (rented for $3,200 per month), while the second home features 3 bedrooms and 2 bathrooms (rented for $2,161 per month). Both residences have been updated with modern finishes including upgraded kitchens, remodeled bathrooms, updated flooring, and contemporary fixtures.Currently generating strong rental income with both units occupied, this property is ideal for investors seeking a turnkey addition to their portfolio. Zoned R-2 with ample land remaining, the property offers potential for additional units or future redevelopment opportunities, subject to buyer verification.Additional highlights include block construction, covered parking, multiple uncovered parking spaces, separate living areas, and a central Phoenix location with convenient access to I-10, Sky Harbor Airport, Downtown Phoenix, employment centers, shopping, dining, and entertainment. Whether you're looking to expand your rental portfolio, house hack, or capitalize on future development potential, this income producing property offers exceptional flexibility and value.
Agriculture / Farm
Association Fees / Info
Community Features: No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Painted, Stucco, Block
Roof: Composition
Exterior Features
Financial
Owner Pays: Other,See Remarks,None
Gross Income: 64332
Insurance Expense: 1300
Maintenance Expense: 3000
Garage / Parking
Parking Features: Free, Add'l Parking Avail, >1 Space Per Unit, Carport
Interior Features
Flooring: Ceramic Tile, Vinyl, Concrete
Appliances: Free-Standing Range, Refrigerator, Microwave
Lot Info
Lot Size: 100x100
Number of Buildings: 2
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R-2
Tax Info
Tax Legal Description: HILTON PL MCR 22-33 LOT 13 BLK 1 EX TH POR OF ALLEY LY S OF & AJD TO SD LOT ANNEX ORD #G-273 PER DOC
Tax Amount Annual: 1932
Unit Info
Total Units: 2
Utilities / Hvac
Water Source: City Franchise
Electric: Other (See Remarks), City Electric
Cooling: Yes
Cool System: Central Air, Ceiling Fan(s), Electric
Heating: Central
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Directions
From I-10, take the 16th St exit and head north. Turn left (west) on Durango St. Property is located on the northwest corner of Durango St and 14th St.
Listings courtesy of West Usa Realty
MLS# 7037654 
