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1527 W Fillmore Street

Phoenix, AZ 85007
  • $2,000,000
  • STATUS: Active
  • ON SITE: 70 Days
  • MLS #: 6492410
UPDATED: 22 min ago
$2,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1999
County:
Area:

School Ratings & Info

Description

Seven at Fillmore is a seven unit apartment complex built in the early 1900s to late 1999. Has been updated been updated and remodeled in recent years. The property just had new electrical panels with permits and will be completed before close of escrow. Several of units are currently furnished and being used as short term rentals. Unit mix (2 )two bedroom (1 )bath units three one bedroom ( 1) bath units and (2) studios. On site laundry that is seller owned. With short term rentals proforma can be close to a 6% cap.Currently rent roll Unit #1 2500 short term furnished 2 bed #2 3200 furnished lease July 2023 1 bed #3 2500 furnished short term 1 bed #4 900 month to month studio # 5 2500 short term furnished 2 bed #6 1100 month to month '1 bed #7 750 month to month studio All facts and figures are approximate buyer verify MLS information Drive by only tenants are unaware of sale. Seller may entertain a carry back with 30-40% down 5% rate up to 5 years Seller holds an active real estate license in FL

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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 2023-02-02T19:21:25.653.
www.yournextphoenixhome.com/homes/134981381
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1527 W Fillmore Street Phoenix, AZ 85007

  • Price: $2,000,000
  • Status: Active
  • On Site: 70 Days
  • Updated: 22 min ago
  • MLS #: 6492410
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1999
Built
Neighborhood:
West Lawn Annex
County:
Maricopa
Area:
Phoenix
Property Description
Seven at Fillmore is a seven unit apartment complex built in the early 1900s to late 1999. Has been updated been updated and remodeled in recent years. The property just had new electrical panels with permits and will be completed before close of escrow. Several of units are currently furnished and being used as short term rentals. Unit mix (2 )two bedroom (1 )bath units three one bedroom ( 1) bath units and (2) studios. On site laundry that is seller owned. With short term rentals proforma can be close to a 6% cap.Currently rent roll Unit #1 2500 short term furnished 2 bed #2 3200 furnished lease July 2023 1 bed #3 2500 furnished short term 1 bed #4 900 month to month studio # 5 2500 short term furnished 2 bed #6 1100 month to month '1 bed #7 750 month to month studio All facts and figures are approximate buyer verify MLS information Drive by only tenants are unaware of sale. Seller may entertain a carry back with 30-40% down 5% rate up to 5 years Seller holds an active real estate license in FL
Exterior Features

Construction Block Construction Finish PaintedStucco Covered Parking Spaces 1.00 Exterior Amenities Green LandscapingLandscape Wtr SystemPartially FencedPatio/BalconySecurity Light(S) Lot Size Dimensions Irr Parking >1 Space Per UnitAdd'l Parking AvailFreeStreet Parking Roads AlleyAsphaltConcreteCurb(S) & Gutter(S)Sidewalk(S) Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 1 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 Bi Oven/RangeOther (See Remarks)Refrigerator Cooling ElectricHeat PumpWindow/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 1 Floors Wood Heating Electric Interior Amenities DrapesFire/Smoke Alarm(S)Unfurnished

Property Features

1 Bedroom Unit Avg Rent 2200.00 1 Bedroom Units 3 2 Bedroom Unit Avg Rent 2500.00 2 Bedroom Units 2 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 153330.00 Annual Elec Exp 15000.00 Annual Gas Exp 0.00 Annual Ins Exp 1800.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1200.00 Annual Legal And Acctg 0.00 Annual Maint Exp 4000.00 Annual Mgmt Exp 6500.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 2000.00 Annual Wtr Swr Exp 4000.00 Community Amenities No Pool Cross Street Van Buren & 7th Avenue. Efficiency Unit Avg Rent 1000.00 Efficiency Units 2 Electric Aps Gas None Gross Annual Sch Inc 161400.00 Hoa YN No Net Operating Income 117654.00 New Financing 1031 ExchangeConventionalSeller May Carry Operating Exp 35676.00 Other Income 0.00 Other Type Other (See Remarks) Owner Pays ElectricSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Other (See Remarks)Projected Proforma Tax Municipality Phoenix Taxes 1176.00 Tenant Pays None Totl Mnth Rntal Inc 13450.00 Vacancy Allowance 0.05 Water City Franchise Zoning M-H

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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 2023-02-02T19:21:25.653.
 
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