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929 E Weldon Avenue

Phoenix, AZ 85014
  • $2,200,000
  • STATUS: Active
  • ON SITE: 78 Days
  • MLS #: 6489645
Price Reduced
UPDATED: 6 min ago
$2,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1981
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Uptown and Midtown adjacent, this complex is in a great location! This offering consists of three parcels located at 921, 925 and 929 E. Weldon Ave. which must be sold together. There are 8 units comprised of two triplexes, a historic 1920's home and a studio cottage. The grounds are green and beautiful. There are 8 covered parking spaces and 3 uncovered spots. Each of the apartments have their own private rear yards. They also have storage rooms with washer/dryer hook-ups. The architectural features of the historic home have been nicely preserved. The studio cottage while open, has a partition allowing for separation of living spaces. The complex feels peaceful. Roofs are new. Tenants are mostly long term, pay timely and want to stay. Most leases are up. Buyer to verify facts & figures.

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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/134803243
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929 E Weldon Avenue Phoenix, AZ 85014

  • Price: $2,200,000
  • Status: Active
  • On Site: 78 Days
  • Updated: 6 min ago
  • MLS #: 6489645
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1981
Built
Neighborhood:
La Punta
County:
Maricopa
Area:
Phoenix
Elementary School:
Longfellow Elementary School
Middle School:
Osborn Middle School
High School:
North High School
Property Description
Uptown and Midtown adjacent, this complex is in a great location! This offering consists of three parcels located at 921, 925 and 929 E. Weldon Ave. which must be sold together. There are 8 units comprised of two triplexes, a historic 1920's home and a studio cottage. The grounds are green and beautiful. There are 8 covered parking spaces and 3 uncovered spots. Each of the apartments have their own private rear yards. They also have storage rooms with washer/dryer hook-ups. The architectural features of the historic home have been nicely preserved. The studio cottage while open, has a partition allowing for separation of living spaces. The complex feels peaceful. Roofs are new. Tenants are mostly long term, pay timely and want to stay. Most leases are up. Buyer to verify facts & figures.
Exterior Features

Construction Other (See Remarks) Construction Finish PaintedStucco Covered Parking Spaces 8.00 Exterior Amenities Cable Tv AvailableDesert LandscapingGreen LandscapingLandscape Wtr SystemPartially FencedPatio/BalconySeparate Storage Lot Size Dimensions See Remarks Parking >1 Space Per UnitAdd'l Parking AvailAttachedCarport Roads AlleyAsphalt Roofing Comp ShingleRolled

Interior Features

1 Bedroom Unit Avg Sq Ft 760 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 890 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 DisposalF/S Oven/RangeOther (See Remarks)RefrigeratorW/D Hookup Cooling Central A/CElectric Efficiency Unit Avg Sq Ft 420 Efficiency Unit Baths 1 Floors CarpetCeramic TileVinyl Heating CentralElectric Interior Amenities Unfurnished

Property Features

1 Bedroom Unit Avg Rent 1250.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 1550.00 2 Bedroom Units 5 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 130368.00 Annual Ins Exp 5040.00 Annual Landscape Exp 4000.00 Annual Maint Exp 2800.00 Annual Mgmt Exp 13000.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 6300.00 Community Amenities See Remarks Cross Street 7th Street And Indian School Efficiency Unit Avg Rent 950.00 Efficiency Units 1 Electric ApsIndividual Meter Gas None Gross Annual Sch Inc 134400.00 Hoa YN No Net Operating Income 95330.00 New Financing ConventionalNo Carry Operating Exp 35004.00 Other Income 0.00 Other Type House + Rental UnitsOther (See Remarks)Packaged Offering Owner Pays LandscapingSewerTrash CollectionWater Project Type 5 - 12 UnitsOther (See Remarks)Tri-Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Special Owner/Agent Tax Municipality Phoenix Taxes 3864.00 Tenant Pays Cable TvElectric Vacancy Allowance 0.03 Water City FranchiseMaster Meter Zoning Each Parcel R-3

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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.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206