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    3046 E Marconi Avenue

    Phoenix, AZ 85032
    • $1,200,000
    • STATUS: Active Under Contract
    • ON SITE: 12 days
    • MLS #: 6225750
    Under Contract
    UPDATED: 110 min ago
    $1,200,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1984
    County:
    Area:

    School Information

    Description

    Phenomenal investor opportunity! Rare find, 7 unit apartment building including a large 3x2, one 2x1, three 1x1's and two studios. Community is adjacent to Palomino Park and convenient to both SR-51 & HWY-101, shopping and restaurants including Desert Ridge & Paradise Valley Mall. Immediate cash flow with the flexibility to add value/increase rents. 100% occupied with quality long term tenants on month-to-month leases. Rental delinquency is zero. Tiled living rooms, kitchens, baths, all units include washer and dryer hook-ups and are individually metered for electric. Balconies/patios and ample resident parking. Offer today!Do not disturb tenants.

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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 2021-05-06T00:11:59.46.
    www.yournextphoenixhome.com/homes/116398966
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    3046 E Marconi Avenue Phoenix, AZ 85032

    • Price: $1,200,000
    • Status: Active Under Contract
    • Updated: 110 min ago
    • MLS #: 6225750
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1984
    Built
    Neighborhood:
    Continental Plaza Unit 2 Lots 6-12
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Palomino Primary School
    Middle School:
    Greenway Middle School
    High School:
    Paradise Valley High School
    School District:
    069 - Paradise Valley Unified District
    Property Description
    Phenomenal investor opportunity! Rare find, 7 unit apartment building including a large 3x2, one 2x1, three 1x1's and two studios. Community is adjacent to Palomino Park and convenient to both SR-51 & HWY-101, shopping and restaurants including Desert Ridge & Paradise Valley Mall. Immediate cash flow with the flexibility to add value/increase rents. 100% occupied with quality long term tenants on month-to-month leases. Rental delinquency is zero. Tiled living rooms, kitchens, baths, all units include washer and dryer hook-ups and are individually metered for electric. Balconies/patios and ample resident parking. Offer today!Do not disturb tenants.
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 0.00 Exterior Amenities Cable Tv AvailableFencedPatio/Balcony Lot Size Dimensions 11668 Sqft Parking >1 Space Per UnitPaved ParkingStreet Parking Roads Asphalt Roofing Tile

    Interior Features

    1 Bedroom Unit Avg Sq Ft 663 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 779 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 1428 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DisposalF/S Oven/RangeRefrigeratorW/D Hookup Cooling Electric RefrigeratdIndividual Efficiency Unit Avg Sq Ft 480 Efficiency Unit Baths 1 Floors CarpetCeramic Tile Heating Electric Interior Amenities Vertical Blinds

    Property Features

    1 Bedroom Unit Avg Rent 758.00 1 Bedroom Units 3 2 Bedroom Unit Avg Rent 950.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 1300.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 71100.00 Annual Ins Exp 2900.00 Annual Landscape Exp 1200.00 Annual Maint Exp 2400.00 Annual Ownr Asoc Fee 0.00 Annual Trash Exp 1200.00 Annual Wtr Swr Exp 2400.00 Community Amenities No Pool Cross Street Greenway Rd & 32nd St Efficiency Unit Avg Rent 700.00 Efficiency Units 2 Electric ApsIndividual Meter Gas None Gross Annual Sch Inc 71100.00 Hoa YN No Net Operating Income 60000.00 New Financing 1031 ExchangeConventional Operating Exp 11886.00 Other Income 0.00 Owner Pays SewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 1786.00 Tenant Pays Cable TvElectric UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City Franchise Zoning R-3

    Listing courtesy of Exp Realty.


    © 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 2021-05-06T00:11:59.46.
     
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    Executive Realty Advisors | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206