Viewing Listing MLS# 7039118
$539,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Phoenix, AZ 85009
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1935Year Built
- 0.00Acres
- 91 yearsEst Age
- MLS# 7039118
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market6 days
- AreaN/A
- CountyMaricopa
- Subdivision Capitol Addition
Overview
Rare opportunity to acquire a fully occupied 5 Unit income-producing property consisting of three separate freestanding buildings on one parcel in the rapidly improving Central Phoenix corridor. This property features a diverse unit mix, extensive recent renovations, and long-term tenants paying premium rents.Current Gross Income: $76,560 ($6,380/Mo)Cap Rate: 11+%2023 Renovations: New flooring, Updated plumbing, Sewer improvements, Interior paint, Exterior paint, Bathroom remodels, Kitchen upgrades.2025 Improvements: New electrical wiring, New electrical panels with green tags, new addition/extension.
Agriculture / Farm
Association Fees / Info
Community Features: No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: See Remarks
Roof: Other
Exterior Features
Financial
Owner Pays: Trash Collection,Water,Sewer
Gross Income: 73497.6
Insurance Expense: 4596
Maintenance Expense: 4000
Garage / Parking
Parking Features: Add'l Parking Avail, On Street
Interior Features
Flooring: Other
Appliances: See Remarks
Lot Info
Lot Size: 7000
Number of Buildings: 3
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R-3
Tax Info
Tax Legal Description: CAPITOL
Tax Amount Annual: 906
Unit Info
Total Units: 5
Utilities / Hvac
Water Source: City Franchise
Electric: Other (See Remarks)
Cool System: See Remarks
Heating: See Remarks
Sewer: Public Sewer
Waterfront / Water
Listings courtesy of Compass
MLS# 7040008 
