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2502 N Richland Street

Phoenix, AZ 85006
  • $689,000
  • STATUS: Active
  • ON SITE: 45 Days
  • MLS #: 6307712
UPDATED: 67 min ago
$689,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1935
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Value add investment opportunity! 100% occupied SFR plus 2 separate 1BR/1BA apartments. Current owner has notincreased rents for nearly a decade. Actual NOI of $31K with legitimate $38K proforma based on current comparable market rents (that's if anything was available for rent). Super well located in desirable Coronado Historic District on large corner lot with dual street access to separate parking for SFR vs Apartments. Rare City of Phoenix [R-3] Multiple Family Residence Zoning.''Craftsman'' style home built in 1935 with many updates retains the original period quality and charm.Tenant Rights -call listing agent for more information.

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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 Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2021-11-30T09:10:39.077.
www.yournextphoenixhome.com/homes/122407470
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2502 N Richland Street Phoenix, AZ 85006

  • Price: $689,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 67 min ago
  • MLS #: 6307712
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1935
Built
Neighborhood:
Fowler Tract lots 1-96
County:
Maricopa
Area:
Phoenix
Elementary School:
Emerson Elementary School
Middle School:
Emerson Elementary School
High School:
North High School
School District:
001 - Phoenix Elementary District
Property Description
Value add investment opportunity! 100% occupied SFR plus 2 separate 1BR/1BA apartments. Current owner has notincreased rents for nearly a decade. Actual NOI of $31K with legitimate $38K proforma based on current comparable market rents (that's if anything was available for rent). Super well located in desirable Coronado Historic District on large corner lot with dual street access to separate parking for SFR vs Apartments. Rare City of Phoenix [R-3] Multiple Family Residence Zoning.''Craftsman'' style home built in 1935 with many updates retains the original period quality and charm.Tenant Rights -call listing agent for more information.
Exterior Features

Construction Block Construction Finish PaintedStucco Covered Parking Spaces 2.00 Lot Size Dimensions 135X50 Parking 1 Space/UnitStreet ParkingCarport Roads AsphaltSidewalk(S)Curb(S) & Gutter(S) Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 468 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 851 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/RangeWasher/DryerRefrigerator Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Wood Heating Wall Furnace

Property Features

1 Bedroom Unit Avg Rent 800.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 1600.00 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 38400.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street Nec Richland And Sheridan Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 38400.00 Hoa YN No Net Operating Income 30843.00 New Financing Conventional1031 Exchange Operating Exp 1957.00 Other Income 0.00 Owner Pays Water Project Type Tri-Plex Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1957.00 Tenant Pays ElectricCable TvTrashGas UCB No Vacancy Allowance 0.00 Water Master MeterCity Franchise Zoning [R-3] Multiple

Listing courtesy of Re/Max Excalibur.


© 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 Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2021-11-30T09:10:39.077.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E. Baseline Rd.
Mesa AZ, 85206