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1829 E Virginia Avenue

Phoenix, AZ 85006
  • $730,000
  • STATUS: Active
  • ON SITE: 4 Days
  • MLS #: 6467791
New On Site 4 Days Ago
UPDATED: 11 min ago
$730,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1971
County:
Area:

School Ratings & Info

Description

Incredibly rare multi-family dwelling in the Phoenix metro area. This unit is priced to sell. Cash Generating 4-plex directly behind Phoenix Children's Hospital. each of the four units is a 2 bed 1 bath with tile floors, a back yard/patio area and one covered parking space per unit. Property has additional generous onsite parking. Profit generating coin operated laundry does convey. Entire building and block fence were recently painted! The building has a newer roof, newer HVAC units and newer water heaters. All tenants are currently on contract until Summer of 2023. but current rent comps show the ability to raise rents by 35% or more! With raised rents cap rate should be close to 7%!! Maintenance shed onsite for the owner to utilize.

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Arizona Regional MLS logo© 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 2022-09-27T16:25:26.26.
www.yournextphoenixhome.com/homes/133343443
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1829 E Virginia Avenue Phoenix, AZ 85006

  • Price: $730,000
  • Status: Active
  • On Site: 4 Days
  • Updated: 11 min ago
  • MLS #: 6467791
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
Incredibly rare multi-family dwelling in the Phoenix metro area. This unit is priced to sell. Cash Generating 4-plex directly behind Phoenix Children's Hospital. each of the four units is a 2 bed 1 bath with tile floors, a back yard/patio area and one covered parking space per unit. Property has additional generous onsite parking. Profit generating coin operated laundry does convey. Entire building and block fence were recently painted! The building has a newer roof, newer HVAC units and newer water heaters. All tenants are currently on contract until Summer of 2023. but current rent comps show the ability to raise rents by 35% or more! With raised rents cap rate should be close to 7%!! Maintenance shed onsite for the owner to utilize.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 4.00 Exterior Amenities FencedPatio/Balcony Lot Size Dimensions 72X152x72x152 Parking 1 Space/UnitCarportStreet Parking Roads Asphalt Roofing Built-Up

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 DishwasherF/S Oven/RangeRefrigerator Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Natural Gas

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 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 36200.00 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 No Pool 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 36000.00 Hoa YN No Net Operating Income 42960.00 New Financing 1031 ExchangeConventionalSeller May Carry Operating Exp 7981.00 Other Income 200.00 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 1361.00 Tenant Pays Cable TvElectricGas Totl Mnth Rntal Inc 4000.00 Vacancy Allowance 0.00 Water City Franchise Zoning Multi-Family

Arizona Regional MLS logo Listing provided by Ensign Properties Corp: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 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 2022-09-27T16:25:26.26.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206