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821 N 3RD Street

Phoenix, AZ 85004
  • $3,500,000
  • STATUS: Active
  • ON SITE: 131 Days
  • MLS #: 6401952
Price Reduced
UPDATED: 36 min ago
$3,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1970
County:
Area:

Description

Located in the Roosevelt district in Downtown Phoenix, walking distance to restaurants, shopping, convention center, biomedical complex, U of A and ASU. Combine on Third is a 12 unit mixed use complex with 10 studio apartments, 1 one bedroom unit, and 1 commercial space, currently leased by Lacuna Kava Bar. All units have updated kitchens, bathrooms, built-in closet organizers, WiFiRouters, and storage partitions between living and bedroom spaces. There is a 1,000 sqft luxury 1 bedroom 2 bath unit above Lacuna Kava, which was remodeled in 2019, highlighted by a viking range. Washer, dryer and 2 full bathrooms. Two furnished studios have consistently functioned as successful AIRBNB and long term furnished rentals.

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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 2022-09-27T15:23:31.09.
www.yournextphoenixhome.com/homes/128865724
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821 N 3RD Street Phoenix, AZ 85004

  • Price: $3,500,000
  • Status: Active
  • On Site: 131 Days
  • Updated: 36 min ago
  • MLS #: 6401952
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1970
Built
Neighborhood:
Churchill Addition
County:
Maricopa
Area:
Phoenix
Elementary School:
Emerson Elementary School
Middle School:
Phoenix Prep Academy
High School:
Phoenix Union Bioscience High School
School District:
001 - Phoenix Elementary District
Property Description
Located in the Roosevelt district in Downtown Phoenix, walking distance to restaurants, shopping, convention center, biomedical complex, U of A and ASU. Combine on Third is a 12 unit mixed use complex with 10 studio apartments, 1 one bedroom unit, and 1 commercial space, currently leased by Lacuna Kava Bar. All units have updated kitchens, bathrooms, built-in closet organizers, WiFiRouters, and storage partitions between living and bedroom spaces. There is a 1,000 sqft luxury 1 bedroom 2 bath unit above Lacuna Kava, which was remodeled in 2019, highlighted by a viking range. Washer, dryer and 2 full bathrooms. Two furnished studios have consistently functioned as successful AIRBNB and long term furnished rentals.
Exterior Features

Construction Brick Construction Finish Other (See Remarks) Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingSecurity Light(S) Lot Size Dimensions 7000 SQ FT Parking 1 Space/UnitAssigned Roads Asphalt Roofing Built-UpComp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 1000 1 Bedroom Unit Baths 2 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 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/RangeOther (See Remarks)Refrigerator Cooling Ceiling Fan(S)Window/Wall Unit Efficiency Unit Avg Sq Ft 575 Efficiency Unit Baths 1 Floors Ceramic TileConcreteVinyl Heating Electric Interior Amenities DrapesFire/Smoke Alarm(S)FurnishedUnfurnished

Property Features

1 Bedroom Unit Avg Rent 2600.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 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 230731.20 Annual Gas Exp 804.00 Annual Ins Exp 8175.00 Annual Landscape Exp 2100.00 Annual Maint Exp 7300.00 Annual Mgmt Exp 6000.00 Annual Other Expense 8470.00 Annual Ownr Asoc Fee 0.00 Annual Trash Exp 2245.00 Annual Wtr Swr Exp 7598.00 Community Amenities No Pool Cross Street E Roosevelt St & 3rd St Efficiency Unit Avg Rent 1295.00 Efficiency Units 10 Electric Aps Gas Sw Gas Gross Annual Sch Inc 235440.00 Hoa YN No Net Operating Income 180946.00 New Financing 1031 ExchangeConventional Operating Exp 49786.00 Other Income 0.00 Owner Pays See RemarksSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & BuildingLaundry EquipmentPersonal Property Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Tax Municipality Phoenix Taxes 7094.00 Tenant Pays Cable TvElectric Vacancy Allowance 0.02 Water City FranchiseIndividual Meter Zoning C-Dt

Arizona Regional MLS logo Listing provided by Metro Realty: [IDXCONTACTINFORMATION] .


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 2022-09-27T15:23:31.09.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206