Viewing Listing MLS# 7055439
$575,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Phoenix, AZ 85008
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1983Year Built
- 0.00Acres
- 43 yearsEst Age
- MLS# 7055439
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market7 days
- AreaN/A
- CountyMaricopa
- Subdivision N/A
Overview
Exceptional investment opportunity to acquire a well-located four-unit apartment Ideally situated just minutes from Downtown Phoenix, Phoenix Sky Harbor International Airport, and major freeways, this property offers strong rental demand and outstanding value-add potential. The property features four 2-bedroom, 1-bathroom units, providing an attractive unit mix for tenants. Investors will appreciate the significant upside in rental income, with below-market rents offering the opportunity to increase cash flow over time. Recent capital improvements include a roof replaced approximately 6 years ago and two HVAC units replaced approximately 5 years ago, helping to minimize near-term maintenance costs. Each unit is individually metered for electricity, while low City of Phoenix water, sewer, Trash and taxes contribute to an efficient operating expense ratio. All facts and figures are approximate, buyer to verify to their own satisfaction.
Agriculture / Farm
Association Fees / Info
Community Features: Other
Hoa: No
Bathroom Info
Building Info
Construction Materials: Stucco, Block
Roof: Composition
Exterior Features
Financial
Owner Pays: Trash Collection,Water,Sewer
Gross Income: 35100
Insurance Expense: 1860
Garage / Parking
Parking Features: >1 Space Per Unit
Interior Features
Flooring: Tile, Carpet, Vinyl
Appliances: Refrigerator, Free-Standing Electric Oven
Lot Info
Lot Size: 108 X 52
Number of Buildings: 2
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R-3
Tax Info
Tax Amount Annual: 1080
Unit Info
Total Units: 4
Utilities / Hvac
Water Source: City Franchise
Electric: APS, Individual Meter
Cooling: Yes
Cool System: Heat Pump, Individual
Heating: Individual, Electric
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Directions
From Van Buren & 37th St. North to Polk, Property is on the Northeast Corner.
Listings courtesy of Levrose Real Estate
MLS# 7052993 
