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3818 W Portland Street

Phoenix, AZ 85009
  • $350,000
  • STATUS: Closed
  • ON SITE: 96 Days
  • MLS #: 6311665
Sold - 12/21/2021
$350,000
SOLD - 12/21/2021
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1946
County:
Area:

School Information

Elementary School:
Middle School:

Description

3816 and 3818 W Portland street are being sold in conjunction ($700,000) for both. These provide great opportunity, whether you are looking for a turn key investment or a property with room for improvement. The complex is in a central location that provides easy access to the i-10, downtown phoenix, and the airport, making it very desirable for a wide range of tenants. On the property, you will find 4 1bed/1bath units, a 2bed/1bath unit, and a 3bed/2bath unit. Not only is this property fully occupied, the property has gone under major renovations tackling big ticket items totaling over $125,000.The gross income on 3818-3816 is $54,600, vacancy allowance of 5% ($2,730), insurance estimate is $2,174, property tax is $1,438, w/s/g is an estimated $3032. Netting $45,227 (6.4% cap)

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© 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 2022-01-28T00:14:25.03.
www.yournextphoenixhome.com/homes/122703325
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3818 W Portland Street Phoenix, AZ 85009

  • Price: $350,000
  • Status: Closed
  • On Site: 96 Days
  • Updated: 10 min ago
  • MLS #: 6311665
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1946
Built
Neighborhood:
West Phoenix NO 4
County:
Maricopa
Area:
Phoenix
Elementary School:
Isaac Middle School
Middle School:
Isaac Middle School
School District:
005 - Isaac Elementary District
Property Description
3816 and 3818 W Portland street are being sold in conjunction ($700,000) for both. These provide great opportunity, whether you are looking for a turn key investment or a property with room for improvement. The complex is in a central location that provides easy access to the i-10, downtown phoenix, and the airport, making it very desirable for a wide range of tenants. On the property, you will find 4 1bed/1bath units, a 2bed/1bath unit, and a 3bed/2bath unit. Not only is this property fully occupied, the property has gone under major renovations tackling big ticket items totaling over $125,000.The gross income on 3818-3816 is $54,600, vacancy allowance of 5% ($2,730), insurance estimate is $2,174, property tax is $1,438, w/s/g is an estimated $3032. Netting $45,227 (6.4% cap)
Exterior Features

Construction Frame - Wood Construction Finish Stucco Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingFencedGreen Landscaping Lot Size Dimensions 6460 Parking 1 Space/UnitStreet Parking Roads AsphaltGravelPrivate Street Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 300 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 589 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 803 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorWasher/Dryer Cooling Ceiling Fan(S)ElectricWindow/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic Tile Heating Electric Interior Amenities Unfurnished

Property Features

1 Bedroom Unit Avg Rent 675.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 750.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 975.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 27360.00 Annual Ins Exp 1174.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street 39th Ave And Mcdowell Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 28800.00 Hoa YN No Net Operating Income 23527.00 New Financing 1031 ExchangeConventional Operating Exp 2333.00 Other Income 0.00 Owner Pays SewerTrash CollectionWater Project Type Tri-Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1159.00 Tenant Pays Cable TvElectric Vacancy Allowance 0.05 Water City FranchiseMaster Meter Zoning [R-6]

Listing courtesy of Urban Luxe Real Estate.


© 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 2022-01-28T00:14:25.03.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E. Baseline Rd.
Mesa AZ, 85206