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Listing Details

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Description

Excellent investment opportunity located in the highly sought after area of Central Phoenix. This sale includes two building: 4625 & 4631 N 12th Ave. Both are separately parceled. APN#s 155-43-186A & 155-43-187A. $1,700,000 portfolio must buy both buildings and can qualify for commercial or two separate conventional loans at $850,000 each. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. One large 3BR & 2BR unit with two 2BR & 2BA units. There is a 2 car garage and private storage rooms for additional revenue. 3BR rent is $1695 & 2BR rents are currently below market at $1100-$1165. Market 2BR rents are $1,250-$1350 Buyer to verify all facts and figures.

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© 2021 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 Power Realty Group Model Home Center. Data last updated 2021-09-20T15:12:35.85.
www.searchphoenixvalleyrealestate.com/homes/117594327
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4631 N 12TH Avenue Phoenix, AZ 85013

  • Price: $850,000
  • Status: Active
  • Updated: 56 min ago
  • MLS #: 6238575
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Beds
0
Baths
0
½ Baths
N/A
Acres
1961
Built
Neighborhood:
Grandview Highlands
County:
Maricopa
Area:
Phoenix
School District:
008 - Osborn Elementary District
Property Description
Excellent investment opportunity located in the highly sought after area of Central Phoenix. This sale includes two building: 4625 & 4631 N 12th Ave. Both are separately parceled. APN#s 155-43-186A & 155-43-187A. $1,700,000 portfolio must buy both buildings and can qualify for commercial or two separate conventional loans at $850,000 each. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. One large 3BR & 2BR unit with two 2BR & 2BA units. There is a 2 car garage and private storage rooms for additional revenue. 3BR rent is $1695 & 2BR rents are currently below market at $1100-$1165. Market 2BR rents are $1,250-$1350 Buyer to verify all facts and figures.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 3.00 Exterior Amenities Separate Storage Lot Size Dimensions Irr Parking >1 Space Per UnitCarportFreeStreet Parking Roads AlleyAsphaltCurb(S) & Gutter(S) Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 936 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 1092 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigerator Cooling Ceiling Fan(S)Heat PumpIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors VinylWood Heating Heat PumpIndividual

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1163.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 1695.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 47190.50 Annual Ins Exp 1672.00 Annual Maint Exp 1200.00 Annual Mgmt Exp 3776.00 Annual Other Expense 600.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 1426.00 Community Amenities No Pool Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas None Gross Annual Sch Inc 48300.00 Hoa YN No Net Operating Income 37178.00 New Financing ConventionalNo Carry Operating Exp 10058.00 Other Income 350.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type Tri-Plex Sale Includes Land & BuildingPersonal Property Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1384.00 Tenant Pays Cable TvElectric UCB No Vacancy Allowance 0.03 Water City Franchise Zoning R-3

Listing courtesy of Gerchick Real Estate.


© 2021 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 Power Realty Group Model Home Center. Data last updated 2021-09-20T15:12:35.85.
 
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Power Realty Group Model Home Center
6555 E Southern Ave. #2322
Mesa AZ, 85206