Listing ID6343438
Price$1,779,000
StatusActive
CountyMaricopa
Year Built1978
Property TypeMultifamily Residential
Property Sub Type5 - 12 Units
LOCATION LOCATION. Prime opportunity in the Garfield historic district. 7 units 1+1 each all rented. Walk to Roosevelt Row arts district, ASU & UofA downtown campus, Stadiums, and all downtown attractions. Walk to the lite rail for straight access to the airport. Perfect opportunity to remain as rentals and bring rents to market value or perfect units for Air BnB and student housing. Owner is retiring and may do a seller carryback with 40% down payment and approved application. All units are currently rented. Do not disturb tenants.
County
Maricopa
Property Sub Type
5 - 12 Units
Property Type
Multifamily Residential
Year Built
1978
Zoning
r-5 hp
1 Bedroom Units
7
1 Bedroom Units: Average SqFt
400
1 Bedroom Units: Number of Baths
1
Appliances Included
Other (See Remarks)
Cooling
Window/Wall Unit
Floors
Ceramic Tile, Concrete
Heating
Window/Wall Unit(s)
Total Units
7
Construction
Block
Exterior Finish
Painted, Stucco
Lot Size Dimensions
137.5 x 50
Parking
1 Space/Unit, RV/Boat Parking
Roads/Streets
Asphalt, Concrete
Roofing
Comp Shingle
Total Parking Spaces
9
Country
USA
Cross Street
9 st and Van buren
High School District Number
001 - Phoenix Elementary District
Lot Number
10
Map Code/Grid
Q34
School District
001 - Phoenix Elementary District
Community Amenities
No Pool
Electric
APS, Individual Meter
Entry Timestamp
2022-01-18T13:25:15+00:00
Gas
Individual Meter, SW Gas
Marketing Name
Taylor street
Owner Association
No
Sewer
Sewer - Available, Sewer - Public, Sewer-In & Connected
Water
City Franchise
1 Bedroom Units: Average Rent
1395
Adjusted Gross Income
117180
Annual Insurance Expense
680
Annual Trash Expense
1320
Annual Water/Sewer Expense
820
Contingency Type
No
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
117180
Net Operating Income
112736
New Financing
Seller May Carry
Operating Expense
4444
Owner Pays
Trash Collection, Water
Sale Includes
Land & Building
Special Listing Conditions
Owner/Agent
Tax Municipality
Maricopa - COUNTY
Taxes
1624
Tenant Pays
Electric, Gas
Total Monthly Rental Income
9765
Contact - Listing ID 6343438
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
