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    3002 E Mckinley Street

    Phoenix, AZ 85008
    • $799,000
    • STATUS: Active
    • ON SITE: 143 days
    • MLS #: 6125935
    Price Reduced
    UPDATED: 44 min ago
    $799,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1959
    County:
    Area:

    School Information

    Description

    Welcome to the Six on McKinley conveniently located in the easily accessible Downtown Phoenix corridor.Property features include updated kitchen & bath, tile flooring, all block construction, a 3 year old roof, and central A/C. All units separately metered for gas and electric. Ability to add in-suite laundry to increase rents. Cap Rate on current rent estimated at 3.87%, with average rents of $750. ProForma Cap Rate estimated at 6.53%, based on market rents of $950 per unit.Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.

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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 2021-01-23T15:12:34.6.
    www.yournextphoenixhome.com/homes/109596532
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    3002 E Mckinley Street Phoenix, AZ 85008

    • Price: $799,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 6125935
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1959
    Built
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Maurice C. Cash Elementary School
    High School:
    North High School
    School District:
    001 - Phoenix Elementary District
    Property Description
    Welcome to the Six on McKinley conveniently located in the easily accessible Downtown Phoenix corridor.Property features include updated kitchen & bath, tile flooring, all block construction, a 3 year old roof, and central A/C. All units separately metered for gas and electric. Ability to add in-suite laundry to increase rents. Cap Rate on current rent estimated at 3.87%, with average rents of $750. ProForma Cap Rate estimated at 6.53%, based on market rents of $950 per unit.Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 4.00 Exterior Amenities Desert LandscapingFenced Lot Size Dimensions 274X75 Parking >1 Space Per UnitFree Roads AsphaltCurb(S) & Gutter(S) Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 641 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 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/RangeRefrigerator Cooling Central A/CIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Concrete Heating GasIndividual Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 950.00 1 Bedroom Units 6 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 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 64980.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 2200.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1560.00 Annual Legal And Acctg 0.00 Annual Maint Exp 4000.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1200.00 Annual Wtr Swr Exp 2160.00 Community Amenities No Pool Cross Street 30th Street And Roosevelt Street Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 68400.00 Hoa YN No Mobile Home Park Double Wide Spaces 0 Mobile Home Park Overnight Spaces 0 Mobile Home Park Oversize Spaces 0 Mobile Home Park Rv Spaces 0 Mobile Home Park Single Wide Spaces 0 Mobile Home Park Total Number Spaces 0 Net Operating Income 52202.00 New Financing ConventionalNo Carry Operating Exp 13678.00 Other Income 0.00 Owner Pays SewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Tax Municipality Phoenix Taxes 2558.00 Tenant Pays ElectricGas Totl Mnth Rntal Inc 5700.00 UCB No Vacancy Allowance 0.05 Water City FranchiseMaster Meter Zoning R3

    Listing courtesy of Grace Cre.


    © 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 2021-01-23T15:12:34.6.
     
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    Executive Realty Advisors | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206