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5747 S 34TH (PORTFOLIO) Place

Phoenix, AZ 85040
  • $1,799,000
  • STATUS: Active
  • ON SITE: 81 Days
  • MLS #: 6361417
UPDATED: 49 min ago
$1,799,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:
Area:

School Ratings & Info

Description

7 unit, 3 property portfolio. Newly renovated units with individual washer/dryers. The first property is 453 W University Dr, Mesa AZ; Fully renovated and rented duplex grossing $3,000/mo,. The second property is 5747 S 34th Pl, Phoenix AZ; Triplex with a 3 bed 1.5 bath main house and duplex in the back. 3 bed unit rented for $1,800/mo with an anticipated $3,100/mo rent from the back duplex once leased out (we are leaving vacant for showings). The third property is 2458 E Wood St, Phoenix AZ; this is a vacant duplex that needs minimal work on a large lot in an opportunity zone. Per City of Phx, owner can build at least 5 additional units up to 2 stories on the property. Opportunity zones provide incredible tax incentives, so this is an awesome opportunity!

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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 2022-05-21T18:18:27.83.
www.yournextphoenixhome.com/homes/126185912
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5747 S 34TH (PORTFOLIO) Place Phoenix, AZ 85040

  • Price: $1,799,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 49 min ago
  • MLS #: 6361417
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1958
Built
Neighborhood:
Berry Homes
County:
Maricopa
Area:
Phoenix
School District:
001 - Phoenix Elementary District
Property Description
7 unit, 3 property portfolio. Newly renovated units with individual washer/dryers. The first property is 453 W University Dr, Mesa AZ; Fully renovated and rented duplex grossing $3,000/mo,. The second property is 5747 S 34th Pl, Phoenix AZ; Triplex with a 3 bed 1.5 bath main house and duplex in the back. 3 bed unit rented for $1,800/mo with an anticipated $3,100/mo rent from the back duplex once leased out (we are leaving vacant for showings). The third property is 2458 E Wood St, Phoenix AZ; this is a vacant duplex that needs minimal work on a large lot in an opportunity zone. Per City of Phx, owner can build at least 5 additional units up to 2 stories on the property. Opportunity zones provide incredible tax incentives, so this is an awesome opportunity!
Exterior Features

Construction BlockFrame - Wood Construction Finish PaintedStucco Covered Parking Spaces 5.00 Exterior Amenities Desert LandscapingSeparate Storage Lot Size Dimensions Tbd Parking 1 Space/UnitAssignedCarportFreeStreet Parking Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 700 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 748 2 Bedroom Units Baths 5 3 Bedroom Unit Avg Sq Ft 945 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeDisposalMicrowaveRefrigeratorWasher/Dryer Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl Heating Heat PumpNatural Gas Interior Amenities Fire/Smoke Alarm(S)

Property Features

1 Bedroom Unit Avg Rent 1400.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1460.00 2 Bedroom Units 5 3 Bedroom Unit Avg Rent 1800.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 121056.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 4000.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 3500.00 Annual Mgmt Exp 7488.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 2000.00 Community Amenities No Pool Cross Street 7 Unit Portfolio 3 Separate Properties Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsCity ElectricIndividual Meter Gas City GasIndividual MeterSw Gas Gross Annual Sch Inc 124800.00 Hoa YN No Net Operating Income 103159.00 New Financing 1031 ExchangeConventionalTrade Operating Exp 17897.00 Other Income 0.00 Owner Pays None Project Type 5 - 12 Units Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Provided By Owner Special Owner/Agent Tax Municipality Phoenix Taxes 909.00 Tenant Pays Cable TvElectricGasLandscapingSewerTrashWater Vacancy Allowance 0.03 Water City FranchiseIndividual Meter Zoning R-3

Listing provided by Keller Williams Realty Phoenix: (480) 768-9333.


© 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 2022-05-21T18:18:27.83.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E. Baseline Rd.
Mesa AZ, 85206