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$2,300,000
Phoenix, AZ 85029
MLS# 6652139
1 / 15
Property Description
Prime opportunity!!! A fully remodeled Multiple Dwellings property in the heart of North Phoenix. This nine-unit apartment complex is fully remodel and strategically located. The interior boasts stainless steel appliances and in-unit laundry facilities, adding a touch of luxury to the living spaces. The complex has 20 parking spaces, including 9 covered spots.The property's scenic surroundings, featuring hiking and mountain biking trails, make it an enticing prospect for tenants seeking both comfort and adventure. This porperty offer versatile potential - offering opportunities for optimizing rental income and capitalizing on the property's unique design to attract tenants. Investors don't miss out on this chance!
Details
Maps
Contract Info
Current Price: $2,300,000
List Price: $2,300,000
Status: Active
List Date: 2024-01-18
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1302
Compass: W
Street Name: BECKER
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 5116
Country: USA
County Code: Maricopa
Legal Description (Abbrev): E 3/4 OF S2 N2 SW4 SW4 SE4 EX W 278' & EX S & E 25' RDS & EX N 8' ALLEY .58 AC
Assessor's Map #: 15
Assessor's Parcel #: 47
Assessor Parcel Ltr: G
Add'l Parcels: No
Assessor Number: 159-15-047-G
Legal: E 3/4 OF S2 N2 SW4 SW4 SE4 EX W 278' & EX S & E 25' RDS & EX N 8' ALLEY .58 AC
Tax Municipality: Phoenix
Taxes: 3665
Tax Year: 2023
Marketing Name: BECKER APARTMENTS
General Property Description
Lot Size Dimensions: 192 x 132
Year Built: 1963
Uncvrd Parking Spcs: 11
Total # of Units: 9
# of Buildings: 2
Zoning: R-3
Elementary School: Mountain View Elementary School
High School: Sunnyslope High School
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 19th Ave and Peoria Ave
Directions: From Peoria Ave & 19th Ave, go east on Peoria towards 13th Ave. Turn left on 13th Ave and go
down one block. Property is located at the NWC of Becker Ln and 13th Ave
Geo Lat: 33.583263
Geo Lon: -112.089419
Status Change Info
Status Change Date: 2024-01-18
Legal Info
Township: 3N
Range: 3E
Section: 19
Lot Number: NA
Income & Expenses
Annual Landscape Exp: 2400
Annual Wtr/Swr Exp: 7200
Owner Association: No
Operating Exp: 13265
Vacancy Allowance: 17000
Net Operating Income: 146600
Pmt & Rate Info
Cap Rate: 6.37
Equity: 2300000
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 9
Avg Rent: 1650
Avg SqFt: 720
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Rolled
Floors: Ceramic Tile
Sale Includes: Building(s) Only
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced
Interior Amenities: Unfurnished
Appliances Included: Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual; Central
Cooling: Ceiling Fan(s); Electric; Individual; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: Carport; 1 Space/Unit; Free; Other (See Remarks)
Roads/Streets: Asphalt
Owner Pays: Water; Landscaping; Other; See Remarks
Tenant Pays: Electric; Cable TV; Landscaping
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Private
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None; Other (See Remarks)
Listing Office: Equity Realty Group, LLC
Last Updated: March - 17 - 2024
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