About The Property

Gross 10.1% CAP Rate. 3 Units, Garden-Style Property, Built in 1931 & Renovated in 2024. Unit Mix Consists of (2) 1-Bed / 1-Bath Units & (1) 2-Bed / 2-Bath Units. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliances, & In-Suite Washer / Dryer. Exterior Upgrades Include Brand New Stucco, New Windows & AC Units, Ample Storage Space, & Large Common Backyard Area. New roof just installed. Located in the Roosevelt Arts District, Which Provides Easy Access to Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options.
Courtesy of Gentry Real Estate 480-750-9910
Listing Snapshot
Days Online
361
Last Updated
Beds
4
Year Built
1932
MLS Number
6920059
M. Logan
Top 2% performing AZ broker
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Additional Details

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Property Access
Road Surface: Concrete
Appliances & Equipment
Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Building
Built in 1932, 1 building, Construction Materials: Wood Frame, Stucco, Block
Community
No Pool
Cooling
Central Air, Electric
Disclosures
None
Expenses
Operating: $1,568
Floors
Vinyl
Heating
Heat Pump, Electric
Income
Gross Income: $50,661.6, Gross ScheduledIncome: $53,328, Net Operating Income: $50,661
Lot
Dimensions: 8700 sqft
Owner Pays
Electricity, Water, Sewer
Parking
5 open parking spaces, 5 total parking spaces, >1 Space Per Unit
Roof
Composition
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 111-24-054, Public Survey Range: 3E, Public Survey Section: 6, Annual Amount: $1,568, Tax Book Number: 111.00, Legal Description: OAKLAND, Lot: 8, Year: 2024, Zoning: R-5
Utilities
Water Source: City Franchise, APS
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