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$995,000
Phoenix, AZ 85006
MLS# 6696747
1 / 10
Property Description
4-unit multifamily opportunity located in Phoenix, AZ. Built in 1971, this asset features an ideal unit mix of 100% two bedroom floorplans averaging 693 sq. ft. per unit. Current ownership has extensively remodeled two of the units This well maintained asset has an ideal location, sitting right across the street from Phoenix Children's Hospital, just minutes from Downtown Phoenix and the Biltmore Fashion Park, and near major transportation routes such as the 51 and 10 Freeways. Currently there is one furnished unit being rented to traveling nurses, which allows for a rent premium of approximately $470 per month. CONTACT BRAD SKENDERIAN FOR COPY OF OM. (see private remarks)
Details
Maps
Contract Info
Current Price: $995,000
List Price: $995,000
Status: Active
List Date: 2024-04-25
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2540
Compass: N
Street Name: 17TH
St Suffix: Way
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1411
Country: USA
County Code: Maricopa
Legal Description (Abbrev): GREENFIELD AC TR 2 LOT 35 N2 N2 W2 EX BEG 123' E OF NW COR TH E TO NE COR W2 TH S TO SLN N2 N2 TH
Subdivision: GREENFIELD ACRES TRACT 2
Assessor's Map #: 5
Assessor's Parcel #: 71
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 117-05-071-A
Legal: GREENFIELD AC TR 2 LOT 35 N2 N2 W2 EX BEG 123' E OF NW COR TH E TO NE COR W2 TH S TO SLN N2 N2 TH
Census Tract: 111602
Tax Municipality: Phoenix
Taxes: 1268
Tax Year: 2023
Marketing Name: N 17th WAY
General Property Description
Lot Size Dimensions: irr
Year Built: 1971
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 1
Zoning: M-M
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 16th Street and Yale
Geo Lat: 33.476519
Geo Lon: -112.044156
Status Change Info
Status Change Date: 2024-04-25
Legal Info
Township: 2N
Range: 3E
Section: 34
Lot Number: 35
Income & Expenses
Annual Ins Exp: 2800
Annual Landscape Exp: 600
Annual Maint Exp: 600
Annual Wtr/Swr Exp: 2600
Owner Association: No
Annual Other Expense: 600
Operating Exp: 8468
Gross Annual Sch Inc: 57600
Other Income: 1000
Vacancy Allowance: 0.03
Adjusted Gross Inc: 56842
Totl Mnth Rntal Inc: 5865
Net Operating Income: 49864
Pmt & Rate Info
Cap Rate: 5.01
Equity: 995000
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1466
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Ceramic Tile; Other
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Amenities: No Pool; See Remarks
Exterior Amenities: Partially Fenced; Cable TV Available; Separate Storage; Security Light(s)
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump; Individual
Water: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: None
Parking: Carport; <1 Space Per Unit; Free
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s)
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible; Sch of Personal Prop; Other (See Remarks)
Environmental: None
Listing Office: Citiea
Last Updated: April - 25 - 2024
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