1829 E Virginia Avenue

    Phoenix, AZ 85006
    • $525,000
    • STATUS: Active Under Contract
    • ON SITE: 11 days
    • MLS #: 6078798
    Under Contract
    $525,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1971
    County:
    Area:

    School Ratings & Info

    Description

    Here is the opportunity you have been waiting for. There are four 2 bed 1 bath units with tile floors, a back yard/patio area and one covered parking space per unit. The building has a newer roof, newer HVAC units and newer water heaters. Entire building and block fence was just painted! Long term renters in place, but current rent comps show the ability to raise rents by 35% or more! Coin-op laundry also increases the revenue for the owner. With raised rents cap rate should be close to 7%!! Maintenance shed onsite for the owner to utilize. Excellent condition and AMAZING income opportunity. Drive by only, do not disturb tenants. Look in documents tab for rent roll and other items. Buyer and buyers agent to verify all facts and figures.

    Monthly Payment Calculator



    © 2020 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 Brett Tanner Home Selling Team | Keller Williams Realty Phoenix. Data last updated 2020-05-27T00:11:15.413.
    www.yournextphoenixhome.com/homes/105928615

    1829 E Virginia Avenue Phoenix, AZ 85006

    • Price: $525,000
    • Status: Active Under Contract
    • MLS #: 6078798
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1971
    Built
    Neighborhood:
    Greenfield Acres
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    001 - Phoenix Elementary District
    Property Description
    Here is the opportunity you have been waiting for. There are four 2 bed 1 bath units with tile floors, a back yard/patio area and one covered parking space per unit. The building has a newer roof, newer HVAC units and newer water heaters. Entire building and block fence was just painted! Long term renters in place, but current rent comps show the ability to raise rents by 35% or more! Coin-op laundry also increases the revenue for the owner. With raised rents cap rate should be close to 7%!! Maintenance shed onsite for the owner to utilize. Excellent condition and AMAZING income opportunity. Drive by only, do not disturb tenants. Look in documents tab for rent roll and other items. Buyer and buyers agent to verify all facts and figures.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 4.00 Lot Size Dimensions 72X152x72x152 Parking 1 Space/UnitAssignedCarportStreet Parking Roads Asphalt Roofing Built-UpOther (See Remarks)

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 667 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/RangeRefrigeratorWasher/Dryer Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileVinyl/Composition Heating Gas

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 553.00 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 27960.00 Annual Elec Exp 420.00 Annual Gas Exp 450.00 Annual Ins Exp 500.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 250.00 Annual Legal And Acctg 0.00 Annual Maint Exp 1000.00 Annual Mgmt Exp 0.00 Annual Ownr Asoc Fee 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 4000.00 Community Amenities Other (See Remarks) Cross Street 20th And Thomas Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 26520.00 Hoa YN No Net Operating Income 19989.00 New Financing 1031 ExchangeConventional Operating Exp 7971.00 Other Income 1440.00 Owner Pays SewerTrash CollectionWater Project Type Four Plex Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1351.00 Tenant Pays Cable TvElectricGas Totl Mnth Rntal Inc 2210.00 UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City Franchise Zoning Multi-Family

    Listing courtesy of Exp Realty.


    © 2020 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 Brett Tanner Home Selling Team | Keller Williams Realty Phoenix. Data last updated 2020-05-27T00:11:15.413.
     
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