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3024 N 39th Street

Phoenix, AZ 85018
  • $4,350,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 6389753
UPDATED: 54 min ago
$4,350,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1957
County:
Area:

School Ratings & Info

Description

Tower Villa is a 14-unit apartment community located in the Arcadia Lite neighborhood just south of the 39th Street and Earll Drive intersection, an area defined by its centrality among the high-profile professional & lifestyle prospects of the Camelback, Innovation, and 44thStreet/Gateway Corridors. Positioned between bustling downtown Phoenix, burgeoning midtown, and the posh communities of Arcadia and Biltmore, Tower Villa achieves an optimal balance between live, work, and play.Developed in 1957, the property offers 10 one- and 4 two-bedroom units, with a total average unit size of 771 square feet. Future ownership will have the luxury of acquiring a turn-key asset with immediate cash flow, while also having room for rent growth as turnover provides the ability to mark to market.

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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 2022-05-28T21:26:00.427.
www.yournextphoenixhome.com/homes/128087727
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3024 N 39th Street Phoenix, AZ 85018

  • Price: $4,350,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 54 min ago
  • MLS #: 6389753
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1957
Built
County:
Maricopa
Area:
Phoenix
School District:
014 - Creighton Elementary District
Property Description
Tower Villa is a 14-unit apartment community located in the Arcadia Lite neighborhood just south of the 39th Street and Earll Drive intersection, an area defined by its centrality among the high-profile professional & lifestyle prospects of the Camelback, Innovation, and 44thStreet/Gateway Corridors. Positioned between bustling downtown Phoenix, burgeoning midtown, and the posh communities of Arcadia and Biltmore, Tower Villa achieves an optimal balance between live, work, and play.Developed in 1957, the property offers 10 one- and 4 two-bedroom units, with a total average unit size of 771 square feet. Future ownership will have the luxury of acquiring a turn-key asset with immediate cash flow, while also having room for rent growth as turnover provides the ability to mark to market.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 15.00 Exterior Amenities FencedGreen LandscapingPatio/Balcony Lot Size Dimensions 40383.00 Parking >1 Space Per Unit Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 750 1 Bedroom Unit Baths 10 2 Bedroom Unit Avg Sq Ft 825 2 Bedroom Units Baths 4 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 Bi Oven/RangeRefrigerator Cooling Window/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl Heating Wall Furnace

Property Features

1 Bedroom Unit Avg Rent 1475.00 1 Bedroom Units 10 2 Bedroom Unit Avg Rent 1675.00 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 254847.95 Annual Elec Exp 13797.00 Annual Ins Exp 2207.00 Annual Landscape Exp 4200.00 Annual Legal And Acctg 4200.00 Annual Maint Exp 9450.00 Annual Mgmt Exp 11795.00 Annual Other Expense 1750.00 Annual Ownr Asoc Fee 0.00 Annual Rplcmnt Rsrvs 4200.00 Community Amenities No Pool Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas Sw Gas Gross Annual Sch Inc 248455.00 Hoa YN No Net Operating Income 195759.00 New Financing 1031 ExchangeConventionalNo Carry Operating Exp 59362.00 Other Income 19806.00 Owner Pays ElectricSewerTrash CollectionWater Project Type 13 - 24 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 7763.00 Tenant Pays Electric Vacancy Allowance 0.05 Water Master Meter Zoning R-3

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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 2022-05-28T21:26:00.427.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E. Baseline Rd.
Mesa AZ, 85206