Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo

1620 E PALM Lane

Phoenix, AZ 85006
More Info & Contact
Active
$925,000
SEARCH LISTINGS
SEARCH LISTINGS › 1620 E PALM Lane
Rate this listing
Print Facebook X Email SMS

About The Property

1620 E Palm Ln presents an exceptional opportunity to acquire a turnkey asset in a historically significant area at an outstanding price. The property features 7 units, with 5 recently renovated and 4 units offering washer/dryer. With current rents and expenses, the investment is offered at a 6.3% cap rate, with additional optimization and growth potential. The asset is situated on a large 20,473-square-foot lot, with the current building footprint utilizing only a small portion, providing significant opportunity for future redevelopment or the addition of additional units. The existing income stream generates immediate cash flow, ensuring a strong return from day one. The current ownership has established a strong model for the remaining units, further… Read MoreRead Less
Courtesy of Orion Investment Real Estate 480-634-6934
Listing Snapshot
Days Online
180
Last Updated
Property Type
Multiple Dwellings
Year Built
1947
MLS Number
6869774
M. Logan
Top 2% performing AZ realtor
Agent profile image

Gallery

Click a photo below to view full size

Active
Multifamily
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo
Property Photo

Additional Details

Explore more property details

Appliances & Equipment
"Built-In Range", "Refrigerator", "Microwave", "Washer/Dryer"
Building
Built in 1947, Construction materials: "Painted", "Block", 7 total units
Cooling
"Window/Wall Unit"
Expenses
Electric: $4,200, Insurance: $3,360, Maintenance: $3,777, Water sewer: $5,800
Floors
"Ceramic Tile"
Heating
"Electric"
Parking
"Paved", ">1 Space Per Unit", 10 total parkings
Property
Zoning: 88% R-3,12% R-4
Roof
"Rolled/Hot Mop"
Sewer
"Public Sewer"
Taxes
Annual amount: $1,178, Lot: 10
Utilities
"APS"
Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List
30 Days Snapshot Of 85006
$502k
+7%
(avg) sold price
13
+8%
homes sold
109
0%
(avg) days on market
Snapshot
Area Map
Mortgage Calculator
Monthly Payment
$0

Schools In The Area

Check out nearby schools with ratings and contact info.
Excelencia School 602-381-4670 Public KG-8
North High School 602-764-6500 Public 9-12
Excelencia School 602-381-4670 Public KG-8
Excelencia School 602-381-4670 Public KG-8
Excelencia School 602-381-4670 Public KG-8
North High School 602-764-6500 Public 9-12

Similar Listings

View More Listings
$975,000
1338 E FILLMORE Street
Phoenix, AZ
Courtesy of ABI Multifamily 602-714-1400
$850,000
2336 N 11TH Street
Phoenix, AZ
Courtesy of Orion Investment Real Estate 480-634-6934
$909,900
1442 E POLK Street
Phoenix, AZ
Courtesy of ABI Multifamily 602-714-1400
$1,050,000
1145 E PORTLAND Street
Phoenix, AZ
Courtesy of Gentry Real Estate 480-750-9910
$925,000
901 E FILLMORE Street
Phoenix, AZ
Courtesy of Realty ONE Group 623-552-3773
$847,000
322 N 11TH Place
Phoenix, AZ
Courtesy of eXp Realty 888-897-7821

Listing Information © Arizona Regional Multiple Listing Service, Inc.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.