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1567-1607 W Peoria Avenue

Phoenix, AZ 85029
  • $1,199,900
  • STATUS: Active
  • ON SITE: 105 Days
  • MLS #: 6495455
UPDATED: 226 min ago
$1,199,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1967
County:
Area:

School Ratings & Info

Description

Location, location! Do not miss out on this lucrative investment opportunity to own a duplex and a triplex on Peoria Ave. These five units are located in one of Phoenix's hottest rental markets, where rental demand is high. 1567 W Peoria Ave (duplex) and 1607 W Peoria Ave (triplex) sit on separate parcels and are located two doors apart. Sellers have taken great pride in maintaining these buildings. Both have fresh exterior paint. There are (four) 2bed/1bath units leased at $1295 and (one) 1bed/1bath unit leased at $1195. Fully occupied with established, long-term tenants. There is room for rental increases. Each unit has a separate yard and washer/dryer hookups.Please contact us to obtain OM. Do not disturb tenants, drive by only.

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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 2023-03-21T00:15:05.647.
www.yournextphoenixhome.com/homes/135224798
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1567-1607 W Peoria Avenue Phoenix, AZ 85029

  • Price: $1,199,900
  • Status: Active
  • On Site: 105 Days
  • Updated: 226 min ago
  • MLS #: 6495455
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1967
Built
County:
Maricopa
Area:
Phoenix
Property Description
Location, location! Do not miss out on this lucrative investment opportunity to own a duplex and a triplex on Peoria Ave. These five units are located in one of Phoenix's hottest rental markets, where rental demand is high. 1567 W Peoria Ave (duplex) and 1607 W Peoria Ave (triplex) sit on separate parcels and are located two doors apart. Sellers have taken great pride in maintaining these buildings. Both have fresh exterior paint. There are (four) 2bed/1bath units leased at $1295 and (one) 1bed/1bath unit leased at $1195. Fully occupied with established, long-term tenants. There is room for rental increases. Each unit has a separate yard and washer/dryer hookups.Please contact us to obtain OM. Do not disturb tenants, drive by only.
Exterior Features

Construction Brick Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingFenced Lot Size Dimensions 127.88 X 190.13 Parking >1 Space Per UnitStreet Parking Roads AlleyAsphaltConcreteSidewalk(S) Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 412 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 753 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/RangeRefrigerator Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other Heating Central

Property Features

1 Bedroom Unit Avg Rent 1195.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1295.00 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 72675.00 Annual Ins Exp 1560.00 Annual Land Lse Exp 0.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 4548.00 Community Amenities No Pool Cross Street 7th Ave & Peoria Ave Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 76500.00 Hoa YN No Net Operating Income 69150.00 New Financing 1031 ExchangeConventional Operating Exp 7350.00 Other Income 0.00 Owner Pays SewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 1242.00 Tenant Pays ElectricGas Vacancy Allowance 0.05 Water City Franchise Zoning R-3 M-M

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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 2023-03-21T00:15:05.647.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206