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    2103 W Morten Avenue

    Phoenix, AZ 85021
    • $1,350,000
    • STATUS: Active
    • ON SITE: 110 days
    • MLS #: 6203350
    UPDATED: 19 min ago
    $1,350,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:
    Area:

    School Ratings & Info

    Description

    Great value-add with this quaint, 9 unit property in a fast improving North Phoenix neighborhood. Unit mix consists of 2 Studios - 3 One Bedrooms - 2 Two Bedrooms & 2 Two Bedrooms plus Den or could be 3rd bedroom. Property is low maintenance with steady Tenant base and offers residents a home style living experience with fenced yards, on-site Laundry and a Central courtyard. The asset has undergone substantial improvements such as new exterior paint, interior upgrades as units were turned over, and new roofs on 2 of the 3 buildings. AC units have been replaced as needed. Local commercial amenities nearby include Sprouts Farmers Market, Starbuck, LA Fitness & Fry's Market Place. Easy access to I-17. Short drive to some of the best North Central Corridor Restaurants. Great property toride the Phoenix rental boom while adding value by bringing rents to market and through further upgrades.

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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 2021-06-24T14:12:30.093.
    www.yournextphoenixhome.com/homes/114826006
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    2103 W Morten Avenue Phoenix, AZ 85021

    • Price: $1,350,000
    • Status: Active
    • Updated: 19 min ago
    • MLS #: 6203350
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1968
    Built
    Neighborhood:
    Vista Income Estates 2
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    006 - Washington Elementary District
    Property Description
    Great value-add with this quaint, 9 unit property in a fast improving North Phoenix neighborhood. Unit mix consists of 2 Studios - 3 One Bedrooms - 2 Two Bedrooms & 2 Two Bedrooms plus Den or could be 3rd bedroom. Property is low maintenance with steady Tenant base and offers residents a home style living experience with fenced yards, on-site Laundry and a Central courtyard. The asset has undergone substantial improvements such as new exterior paint, interior upgrades as units were turned over, and new roofs on 2 of the 3 buildings. AC units have been replaced as needed. Local commercial amenities nearby include Sprouts Farmers Market, Starbuck, LA Fitness & Fry's Market Place. Easy access to I-17. Short drive to some of the best North Central Corridor Restaurants. Great property toride the Phoenix rental boom while adding value by bringing rents to market and through further upgrades.
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingFencedPatio/Balcony Lot Size Dimensions 18200 Parking 1 Space/UnitFree Roads Gravel Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 650 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 750 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 800 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/Range Cooling IndividualWindow/Wall Unit Efficiency Unit Avg Sq Ft 550 Efficiency Unit Baths 1 Floors Carpet Heating IndividualWindow/Wall Unit(S) Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 770.00 1 Bedroom Units 3 2 Bedroom Unit Avg Rent 713.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 875.00 3 Bedroom Units 2 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 82138.32 Annual Elec Exp 3299.00 Annual Gas Exp 0.00 Annual Ins Exp 2700.00 Annual Maint Exp 4500.00 Annual Mgmt Exp 4778.00 Annual Ownr Asoc Fee 0.00 Annual Trash Exp 3170.00 Annual Wtr Swr Exp 3480.00 Community Amenities No PoolOther (See Remarks) Cross Street 21st Ave & Northern Efficiency Unit Avg Rent 715.00 Efficiency Units 2 Electric ApsIndividual Meter Gas None Gross Annual Sch Inc 82968.00 Hoa YN No Net Operating Income 82968.00 New Financing 1031 ExchangeConventional Operating Exp 24192.00 Other Income 0.00 Owner Pays SewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Books Shwn Accpt OfrOther (See Remarks)Provided By Owner Special Firpta May Apply Tax Municipality Phoenix Taxes 2265.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 6914.00 Vacancy Allowance 0.01 Water City FranchiseMaster Meter Zoning R-3

    Listing courtesy of Homesmart.


    © 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 2021-06-24T14:12:30.093.
     
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    Executive Realty Advisors | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206