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    4920 E Holly Street E

    Phoenix, AZ 85008
    • $598,000
    • STATUS: Active
    • ON SITE: 53 days
    • MLS #: 6168030
    $598,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    THE OPPORTUNITYValue Add opportunity in gentrifying neighborhood. This is a classic4-Plex poised to take advantage of the on going gentrificationand rising rents in the Papago Village area. All long term tenants on Month to Month leases at $450, allows for raising rents to market rate quickly. Units consist of 3 - 2Bedroom/1 Bath and 1 - 1 Bedroom/1 Bath. All units have largeprivate backyards with washer and dryer hookups and coveredparking. Many new multifamily construction throughout the area,along with full renovations of existing product.THE LOCATIONPerfectly located South of Arcadia, easy access to the 143 Freeway.Minutes from Phoenix Sky Harbor International Airport, Scottsdale,Phoenix and Tempe.

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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 2021-01-27T00:12:01.86.
    www.yournextphoenixhome.com/homes/112406125
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    4920 E Holly Street E Phoenix, AZ 85008

    • Price: $598,000
    • Status: Active
    • MLS #: 6168030
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1962
    Built
    Neighborhood:
    Orangedale Tract 11,13,14,15
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    031 - Balsz Elementary District
    Property Description
    THE OPPORTUNITYValue Add opportunity in gentrifying neighborhood. This is a classic4-Plex poised to take advantage of the on going gentrificationand rising rents in the Papago Village area. All long term tenants on Month to Month leases at $450, allows for raising rents to market rate quickly. Units consist of 3 - 2Bedroom/1 Bath and 1 - 1 Bedroom/1 Bath. All units have largeprivate backyards with washer and dryer hookups and coveredparking. Many new multifamily construction throughout the area,along with full renovations of existing product.THE LOCATIONPerfectly located South of Arcadia, easy access to the 143 Freeway.Minutes from Phoenix Sky Harbor International Airport, Scottsdale,Phoenix and Tempe.
    Exterior Features

    Construction Slump Block Construction Finish Painted Covered Parking Spaces 5.00 Lot Size Dimensions 1 Parking Carport Roads Concrete Roofing Tile

    Interior Features

    1 Bedroom Unit Avg Sq Ft 750 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 850 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/RangeRefrigeratorW/D Hookup Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl/Composition Heating ElectricIndividual

    Property Features

    1 Bedroom Unit Avg Rent 905.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1150.00 2 Bedroom Units 3 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 49068.94 Annual Elec Exp 500.00 Annual Ins Exp 1408.00 Annual Maint Exp 1500.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street 50th Street & Holly Street Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas None Gross Annual Sch Inc 49124.00 Hoa YN No Net Operating Income 40533.00 New Financing Conventional Operating Exp 4762.00 Other Income 3077.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Maricopa - City Taxes 1354.00 Tenant Pays Cable TvElectric Vacancy Allowance 0.06 Water City Franchise Zoning R-3

    Listing courtesy of Orion Investment Real Estate.


    © 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 2021-01-27T00:12:01.86.
     
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    Executive Realty Advisors | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206