Viewing Listing MLS# 6986273
Phoenix, AZ 85006
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1944Year Built
- 0.00Acres
- 82 yearsEst Age
- MLS# 6986273
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market3 months, 22 days
- AreaN/A
- CountyMaricopa
- Subdivision Aviation Homesites
Overview
A five-unit multifamily investment opportunity in the heart of Phoenix, Arizona. Originally constructed in 1944, the asset features a mix of 1, 2, and 3 bedroom floor plans. Each of the units have been updated within the last few years; however, future ownership will have the opportunity to capture additional upside through continued interior and exterior renovations. The asset is situated with convenient access to Downtown Phoenix, Sky Harbor International Airport, and major transportation corridors including Loop 202 and I-10. The current cap rate is 7.15% and the seller would be open to carrying with 40% down. An offering memorandum including additional photos is available upon request.
Agriculture / Farm
Association Fees / Info
Community Features: No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Wood Frame, Painted, Stucco
Roof: Composition
Exterior Features
Financial
Owner Pays: Trash Collection,Water,Sewer
Gross Income: 72840
Insurance Expense: 1500
Maintenance Expense: 2500
Garage / Parking
Parking Features: Paved, Free, <1 Space Per Unit
Interior Features
Flooring: Ceramic Tile, Vinyl
Appliances: Built-In Range, Disposal, Refrigerator
Lot Info
Lot Size: 56.18 X 166.39 X 57.45
Number of Buildings: 1
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R-4
Tax Info
Tax Legal Description: AVIATION HOMESITES
Tax Amount Annual: 1093
Unit Info
Total Units: 5
Utilities / Hvac
Water Source: City Franchise
Electric: APS, Individual Meter
Cooling: Yes
Cool System: Central Air, 2 or More Units
Heating: Electric
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Listings courtesy of Matthews Real Estate Investment Services
MLS# 7036782