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1732 W Maricopa Street

Phoenix, AZ 85007
  • $415,000
  • STATUS: Closed
  • ON SITE: 17 Days
  • MLS #: 6396224
Sold - 05/20/2022
$415,000
SOLD - 05/20/2022
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2004
County:
Area:

School Information

Description

Value Add, Value Add, Value Add!! This incredible investment opportunity is ready for a buyer who wants to capitalize on a little bit of sweat equity for a huge upside potential. This property was built in 2004 and features the one thing you can't change in a real estate investment - LOCATION! This investment is conveniently located in between the I17 and I10 freeways near all the new development downtown and just minutes from Sky Harbor Airport. This unique duplex offers two mirrored layouts, each with three full bedrooms, a jack and jill bathroom and inside laundry room. The property lot is huge and offers plenty of tenant parking.Easily capture significant upside by completing some of the simple and obvious value-add opportunities; including, converting the jack and jill bathroom into two full bathrooms (see concept plan in the photos), covered parking, stylish gates and interior finish updates. Proforma rents for a three-bedroom, one bath unit are $1550 each, improve to a three-bedroom, two bath unit and increase to around $1800 each.

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© 2022 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 2022-05-26T00:17:05.7.
www.yournextphoenixhome.com/homes/128490391
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1732 W Maricopa Street Phoenix, AZ 85007

  • Price: $325,000
  • Status: Closed
  • On Site: 17 Days
  • Updated: 90 min ago
  • MLS #: 6396224
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2004
Built
Neighborhood:
Grier Place
County:
Maricopa
Area:
Phoenix
Elementary School:
Mary Mcleod Bethune School
Middle School:
Mary Mcleod Bethune School
High School:
Central High School
School District:
001 - Phoenix Elementary District
Property Description
Value Add, Value Add, Value Add!! This incredible investment opportunity is ready for a buyer who wants to capitalize on a little bit of sweat equity for a huge upside potential. This property was built in 2004 and features the one thing you can't change in a real estate investment - LOCATION! This investment is conveniently located in between the I17 and I10 freeways near all the new development downtown and just minutes from Sky Harbor Airport. This unique duplex offers two mirrored layouts, each with three full bedrooms, a jack and jill bathroom and inside laundry room. The property lot is huge and offers plenty of tenant parking.Easily capture significant upside by completing some of the simple and obvious value-add opportunities; including, converting the jack and jill bathroom into two full bathrooms (see concept plan in the photos), covered parking, stylish gates and interior finish updates. Proforma rents for a three-bedroom, one bath unit are $1550 each, improve to a three-bedroom, two bath unit and increase to around $1800 each.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Green LandscapingPartially Fenced Lot Size Dimensions 136' X 62' Parking Paved Parking Roads AsphaltConcrete Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 1254 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included None Cooling Ceiling Fan(S)Electric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic Tile Heating Electric Interior Amenities Mini BlindsUnfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 1550.00 3 Bedroom Units 2 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 33573.00 Annual Other Expense 5353.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street Buckeye & 17th Ave Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 35340.00 Hoa YN No Net Operating Income 25716.00 New Financing ConventionalFhaVa Operating Exp 6624.00 Other Income 0.00 Owner Pays SewerTrash CollectionWater Project Type Duplex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Special Lender/Corp Aprv Req Status Update Multiple Offers Recd Tax Municipality Phoenix Taxes 1271.00 Tenant Pays Cable TvElectricLandscaping Totl Mnth Rntal Inc 3100.00 Vacancy Allowance 0.05 Water City Franchise Zoning Residential

Listing provided by American Allstar Realty: (480) 751-5300.


© 2022 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 2022-05-26T00:17:05.7.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E. Baseline Rd.
Mesa AZ, 85206