Viewing Listing MLS# 7038723
$700,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Phoenix, AZ 85006
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1952Year Built
- 0.00Acres
- 74 yearsEst Age
- MLS# 7038723
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market13 days
- AreaN/A
- CountyMaricopa
- Subdivision Bumbalow Heights Blk 1
Overview
Welcome to Three at Bumbalow - A Rare Triplex Investment in the Heart of Central Phoenix!Three at Bumbalow presents a unique opportunity to own a recently upgraded triplex in one of Phoenix's most sought-after and rapidly developing neighborhoods.Ideally located near downtown, major freeways, and light rail access, this property is perfect for investors seeking strong rental income or owner-occupants looking to live in one unit while renting out the others.This well-maintained property was renovated in 2023 and features three individual units:Two units with 2 bedrooms and 1 bathroom each, andOne larger unit with 3 bedrooms and 2 bathrooms.Each unit has its own private entrance and offers a functional floor plan designed for comfortable living. A nice side yard adds outdoor space and potential for further enhancements, such as communal gathering areas or added amenities.Each unit is equipped with washer and dryer hookups. All the washers, dryers, and refrigerators are included in the sale and convey. The property is currently self-managed, which keeps operating costs low.This triplex is perfect for both seasoned investors and first-time multifamily buyers looking to enter the market with a well-located, income-producing asset. The units are currently rented at $2,863, $1,550, and $1,985 per month, respectively.Whether you're looking to expand your real estate portfolio, complete a 1031 exchange, or live in one unit while earning passive income from the others, Three at Bumbalow offers flexibility, stability, and upside in a prime Central Phoenix location.
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: Trash Collection,Water,Sewer
Gross Income: 72937.2
Insurance Expense: 1501
Maintenance Expense: 2500
Garage / Parking
Parking Features: Free
Interior Features
Flooring: Other, Ceramic Tile
Appliances: Free-Standing Range, Refrigerator, Washer/Dryer, W/D Hookup
Lot Info
Lot Size: IRR
Number of Buildings: 1
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R-5
Tax Info
Tax Legal Description: BUMBALOW HTS
Tax Amount Annual: 923
Unit Info
Total Units: 3
Utilities / Hvac
Water Source: See Remarks, City Franchise
Electric: SRP
Cooling: Yes
Cool System: Ceiling Fan(s), Electric
Heating: Electric
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Directions
EAST ON ROOSEVELT ST.. PROPERTY ON THE SOUTH SIDE.
Listings courtesy of West Usa Realty
MLS# 7042041 
