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$594,900
Phoenix, AZ 85003
MLS# 6677642
1 / 28
Property Description
Perfect multi-family home in the heart of downtown Phoenix. Steps from the light rail, ballgames and entertainment this estate boasts all of the Phoenix charm that one would want. Ideal for an investor, this home has the potential to generate consistent solid income. It is also ideal for an owner wanting to reside on the property while offsetting expenses with a tenant OR a larger family looking for a huge in-law unit to accompany the primary. This updated multi-family property truly has limitless possibilities with NO HOA! Both units have their own washer/dryer/hot water heater etc...
Details
Maps
Contract Info
Current Price: $594,900
List Price: $594,900
Status: Active
List Date: 2024-03-14
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1005
Compass: S
Street Name: 1st
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Country: USA
County Code: Maricopa
Subdivision: MONTGOMERY ADD AMD BLKS 75, 83, 84, 91, 99-102
Assessor's Map #: 24
Assessor's Parcel #: 103
Add'l Parcels: No
Assessor Number: 112-24-103
Legal: LOT 3 BLOCK 35 MONTGOMERY ADD AMD BLKS 75, 83, 84, 91, 99-102 MCR 000240
Tax Municipality: Maricopa - COUNTY
Taxes: 725
Tax Year: 2023
Marketing Name: MONTGOMERY
General Property Description
Lot Size Dimensions: IRREGULAR
Year Built: 1954
Uncvrd Parking Spcs: 3
Total # of Units: 2
# of Buildings: 2
Zoning: M-H
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 1st Avenue and Tonto
Geo Lat: 33.437798
Geo Lon: -112.074697
Status Change Info
Status Change Date: 2024-03-22
Legal Info
Lot Number: 3 & 4
Income & Expenses
Owner Association: No
Operating Exp: 725
Net Operating Income: 1595
Pmt & Rate Info
Cap Rate: 0.26
Equity: 624000
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1400
Avg SqFt: 980
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 2200
Avg SqFt: 1605
# Baths: 2
Property Features
Project Type: Duplex
Other Type: Other (See Remarks)
Construction: Slump Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Fenced
Interior Amenities: Unfurnished
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Washer/Dryer
Heating: Natural Gas
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: City Electric
Gas: SW Gas
Parking: Carport; <1 Space Per Unit
Roads/Streets: Concrete
Owner Pays: Other
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Provided by Owner; Unknown
Lockbox Type: Supra (ARMLS)
New Financing: VA; Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: DeLex Realty
Last Updated: May - 08 - 2024
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