Viewing Listing MLS# 6992561
$2,400,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Phoenix, AZ 85015
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1958Year Built
- 0.00Acres
- 68 yearsEst Age
- MLS# 6992561
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market3 months, 10 days
- AreaN/A
- CountyMaricopa
- Subdivision N/A
Overview
Advantageously situated directly north of Midtown's Melrose Arts District , Palm Square (''the property'') is an 18-unit community primely located in Central Phoenix. With the convenience and proximity of the Interstate 17 Freeway and State Route 51, two of The Valley's major transportation arteries, residents are provided direct access to nearly any destination across The Valley within a desirable commute time. A number of the most prominent employment and entertainment corridors in the state are just a short drive away. The Innovation Employment Corridor, which runs down Central Avenue, provides employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. In addition, Palm Square is just two miles from Grand Canyon University, the largest Christian university in the nation, with an on-campus enrollment of 25,000 students and online enrollment of 90,000 students. Built in 1958 Palm Square is comprised of 6 studio, 10 one-bedroom, and 2 two-bedroom floorplans. The entire community's exterior has been renovated with new paint, landscaping, roof, windows, and select mechanical (HVAC and electrical). In addition, 15 of the 18 unit's interiors have been renovated with new appliances, countertops, cabinets, flooring, fixtures, hardware, and individual washer/dryer.
Agriculture / Farm
Association Fees / Info
Community Features: No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Painted, Block
Roof: Composition, Tile
Exterior Features
Financial
Owner Pays: Trash Collection,Water,Sewer,Landscaping
Gross Income: 227859
Insurance Expense: 6513
Maintenance Expense: 15064
Garage / Parking
Parking Features: 1 Space/Unit
Interior Features
Flooring: Tile, Carpet, Vinyl
Appliances: Free-Standing Range, Refrigerator, Washer/Dryer, W/D Hookup
Lot Info
Lot Size: 0.67
Number of Buildings: 2
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R-4
Tax Info
Tax Amount Annual: 4286
Unit Info
Total Units: 18
Utilities / Hvac
Water Source: City Franchise
Electric: SRP
Cooling: Yes
Cool System: Individual
Heating: Individual
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Listings courtesy of Marcus & Millichap
MLS# 6770068