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8838 N 2nd Way

Phoenix, AZ 85020
  • $1,494,900
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 6500664
Price Reduced
UPDATED: 34 min ago
$1,494,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1973
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

6 fully renovated and leased units on an R-5 lot that grosses $102,840 per year in rental income. The unit composition is one 3 bedroom, four 2 bedroom, and one 1 bedroom unit. There are 4 separate buildings each with wood fenced yards and laundry. Each unit has new HVAC, vinyl wood floors, Spanish tile showers, new plumbing/electric, new water heaters, new roofing, R-38 insulation, new windows, quartz counters, stainless steel appliances, and fresh paint inside and out. Professionally managed with one year leases and deposits on file. Tenants pay their own electric.

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Arizona Regional MLS logo© 2023 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 2023-02-02T19:21:25.653.
www.yournextphoenixhome.com/homes/135539846
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8838 N 2nd Way Phoenix, AZ 85020

  • Price: $1,494,900
  • Status: Active
  • On Site: 42 Days
  • Updated: 34 min ago
  • MLS #: 6500664
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1973
Built
Neighborhood:
Sunnyslope
County:
Maricopa
Area:
Phoenix
Elementary School:
Desert View Elementary School
Middle School:
Royal Palm Middle School
High School:
Sunnyslope High School
Property Description
6 fully renovated and leased units on an R-5 lot that grosses $102,840 per year in rental income. The unit composition is one 3 bedroom, four 2 bedroom, and one 1 bedroom unit. There are 4 separate buildings each with wood fenced yards and laundry. Each unit has new HVAC, vinyl wood floors, Spanish tile showers, new plumbing/electric, new water heaters, new roofing, R-38 insulation, new windows, quartz counters, stainless steel appliances, and fresh paint inside and out. Professionally managed with one year leases and deposits on file. Tenants pay their own electric.
Exterior Features

Construction BlockFrame - WoodSlump Block Construction Finish PaintedStucco Covered Parking Spaces 3.00 Exterior Amenities FencedSeparate Storage Lot Size Dimensions 140 X 125 Parking <1 Space Per UnitCarportStreet Parking Roads AlleyAsphaltSidewalk(S) Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 489 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 6725 2 Bedroom Units Baths 4 3 Bedroom Unit Avg Sq Ft 1213 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorWasher/Dryer Cooling 2 Or More UnitsCentral A/CHeat PumpIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl Heating 2 Or More UnitsCentralElectricHeat PumpIndividual Interior Amenities Fire/Smoke Alarm(S)

Property Features

1 Bedroom Unit Avg Rent 1095.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1475.00 2 Bedroom Units 4 3 Bedroom Unit Avg Rent 1575.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 102840.00 Annual Ins Exp 2767.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 4032.00 Community Amenities No Pool Cross Street Central And Dunlap Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas None Gross Annual Sch Inc 102840.00 Hoa YN No Net Operating Income 94330.00 New Financing 1031 ExchangeConventionalNo Carry Operating Exp 8510.00 Other Income 0.00 Other Type Packaged Offering Owner Pays SewerTrash CollectionWater Payment Includes InsuranceInterestPrincipalTaxes Project Type 5 - 12 UnitsDuplexFour Plex Sale Includes Laundry Equipment Sewer Sewer - Public Source Of Financial Data Provided By Owner Special Owner/Agent Tax Municipality Phoenix Taxes 1711.00 Tenant Pays Electric Totl Mnth Rntal Inc 8570.00 Vacancy Allowance 0.00 Water City FranchiseMaster Meter Zoning R-5

Arizona Regional MLS logo Listing provided by Grayson & Grayson: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2023 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 2023-02-02T19:21:25.653.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206