Skip To Content

10820 N 16TH Avenue

Phoenix, AZ 85029
  • $699,950
  • STATUS: Active
  • ON SITE: 6 Days
  • MLS #: 6532497
New On Site 6 Days Ago
UPDATED: 14 min ago
$699,950
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1984
County:
Area:

School Ratings & Info

Description

This Turnkey 4 plex will be a Nice Addition to Any Investors Portfolio! All units are 2 Bedrooms and 2 Bathrooms with Fireplaces and Rent Quickly! Rents in this Community are now up to $1595 Per Month! New Roof, New Appliances, New A/C's and Exterior Repainted! All Appliances are Landlord Owned and Convey with the Property. The HOA covers the Big Ticket Items: HOA paid for the New Roof and Paid for the New Exterior Paint. It also maintains the Community Pool, Parking Lot and Common Areas.3 of the 4 tenants are month to month. Rents for this building are low in comparison to what the program supports and need to be raised to current levels.The community is subject to LURA and rents are capped at $1271 on 3 of the 4 units. See attachments.There is not a Better Value in all of Phoen

Monthly Payment Calculator



Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-03-23T13:24:03.4.
www.yournextphoenixhome.com/homes/137784775
Print Image

10820 N 16TH Avenue Phoenix, AZ 85029

  • Price: $699,950
  • Status: Active
  • On Site: 6 Days
  • Updated: 14 min ago
  • MLS #: 6532497
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1984
Built
Neighborhood:
Muy Felices Casas Lt 1-20 Tr A-G
County:
Maricopa
Area:
Phoenix
Property Description
This Turnkey 4 plex will be a Nice Addition to Any Investors Portfolio! All units are 2 Bedrooms and 2 Bathrooms with Fireplaces and Rent Quickly! Rents in this Community are now up to $1595 Per Month! New Roof, New Appliances, New A/C's and Exterior Repainted! All Appliances are Landlord Owned and Convey with the Property. The HOA covers the Big Ticket Items: HOA paid for the New Roof and Paid for the New Exterior Paint. It also maintains the Community Pool, Parking Lot and Common Areas.3 of the 4 tenants are month to month. Rents for this building are low in comparison to what the program supports and need to be raised to current levels.The community is subject to LURA and rents are capped at $1271 on 3 of the 4 units. See attachments.There is not a Better Value in all of Phoen
Exterior Features

Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 4.00 Exterior Amenities Patio/Balcony Lot Size Dimensions Irregular Parking CarportPaved Parking Roads Asphalt Roofing Built-UpTile

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 807 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherDisposalF/S Oven/RangeMicrowaveRefrigeratorWasher/Dryer Cooling Heat PumpIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileVinyl Heating ElectricHeat PumpIndividual

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1242.95 2 Bedroom Units 4 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 59662.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1100.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 3472.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 8376.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 1200.00 Community Amenities BarbecuePool Cross Street 19th Ave & Peoria Ave Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 59662.00 Hoa YN Yes Net Operating Income 43771.00 New Financing 1031 ExchangeConventionalNo Carry Operating Exp 15891.00 Other Income 0.00 Owner Pays SewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Tax Municipality Phoenix Taxes 1743.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 4972.00 Vacancy Allowance 0.00 Water City Franchise Zoning R-3

Arizona Regional MLS logo Listing provided by Keller Williams Arizona Realty: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-03-23T13:24:03.4.
 
https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6532497-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6532497-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6532497-2.jpg
Logo
Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206