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    1621 E Pinchot Avenue

    Phoenix, AZ 85016
    • $400,000
    • STATUS: Active
    • ON SITE: 27 days
    • MLS #: 6257761
    UPDATED: 18 min ago
    $400,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:

    School Information

    Description

    1621 and 1623 E. Pinchot are being sold together as a 6 Unit Garden Style MultiFamily Complex on two parcels located within Midtown Central Phoenix. Properties must be purchased together. This is a high demand rental market with strong submarket fundamentals. Built in 1955 and 1958 , the single story block construction offers a value add opportunity on a property that has been well maintained. The exterior features low maintenance desert landscaping, a new roof on the 1623 building in 2020, spacious common areas and covered parking. With four units on one parcel and two on the second, this multi-family opportunity qualifies for residential financing to create additional upside. Properties must be purchased together.

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    © 2021 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 Executive Realty Advisors | Keller Williams Realty Phoenix. Data last updated 2021-07-28T15:13:51.153.
    www.yournextphoenixhome.com/homes/118841848
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    1621 E Pinchot Avenue Phoenix, AZ 85016

    • Price: $400,000
    • Status: Active
    • Updated: 18 min ago
    • MLS #: 6257761
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1955
    Built
    Neighborhood:
    Gardendale Add.
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Loma Linda Elementary School
    Middle School:
    Loma Linda Elementary School
    High School:
    North High School
    School District:
    014 - Creighton Elementary District
    Property Description
    1621 and 1623 E. Pinchot are being sold together as a 6 Unit Garden Style MultiFamily Complex on two parcels located within Midtown Central Phoenix. Properties must be purchased together. This is a high demand rental market with strong submarket fundamentals. Built in 1955 and 1958 , the single story block construction offers a value add opportunity on a property that has been well maintained. The exterior features low maintenance desert landscaping, a new roof on the 1623 building in 2020, spacious common areas and covered parking. With four units on one parcel and two on the second, this multi-family opportunity qualifies for residential financing to create additional upside. Properties must be purchased together.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 4.00 Exterior Amenities Cable Tv AvailableDesert LandscapingPartially FencedPatio/Balcony Lot Size Dimensions 56 X 112 Parking 1 Space/UnitCarportFreePaved ParkingStreet Parking Roads AlleyAsphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 725 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 F/S Oven/RangeRefrigeratorW/D Hookup Cooling IndividualWindow/Wall Unit Efficiency Unit Avg Sq Ft 355 Efficiency Unit Baths 1 Floors Ceramic Tile Heating Gas Interior Amenities Fire/Smoke Alarm(S)UnfurnishedVertical Blinds

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1000.00 2 Bedroom Units 1 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 18660.00 Annual Ins Exp 700.00 Annual Maint Exp 333.34 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 1120.00 Community Amenities No Pool Cross Street 16th Street And Thomas Efficiency Unit Avg Rent 550.00 Efficiency Units 1 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 18600.00 Hoa YN No Net Operating Income 15803.66 New Financing 1031 ExchangeConventional Operating Exp 2856.34 Other Income 60.00 Other Type House + Rental UnitsOther (See Remarks)Packaged Offering Owner Pays SewerTrash CollectionWater Payment Includes InterestPrincipal Project Type Duplex Sale Includes Land & Building Sewer Sewer - PublicSewer-In & Connected Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 703.00 Tenant Pays Cable TvElectricGas Vacancy Allowance 0.00 Water City FranchiseMaster Meter Zoning R1-6

    Listing courtesy of Bld Real Estate.


    © 2021 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 Executive Realty Advisors | Keller Williams Realty Phoenix. Data last updated 2021-07-28T15:13:51.153.
     
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    Executive Realty Advisors | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206