Listing ID6383393
Price$895,000
StatusActive
CountyMaricopa
SubdivisionGREENFIELD ACRES TRACT 2
Year Built1958
Property TypeMultifamily Residential
Property Sub TypeDuplex
Great opportunity to own this delightful residence with 2 units in one of the hottest areas in Phoenix! Located in Midtown which is a district that mixes historic buildings with hip & trending establishments! The upgraded interior boasts fresh paint, stylish wood-like tile flooring, & sizable living/dining areas. All new dual pane windows, new doors, brand new hot water heaters. Each unit is individually metered. Renovated kitchen showcases large shaker cabinets, lavish quartz counters, & shimmering stainless steel appliances. Bedrooms enjoy abundant natural light, upgraded ceiling fans, & walk-in closets. Complete redone Upscale bathrooms. Did we talk about the location? Is close to numerous restaurants & shopping centers. Don't miss this one!Construction is still underway. Buyer to v
County
Maricopa
Property Sub Type
Duplex
Property Type
Multifamily Residential
Subdivision
GREENFIELD ACRES TRACT 2
Year Built
1958
Zoning
[R-3]
2 Bedroom Units
2
2 Bedroom Units: Average SqFt
900
2 Bedroom Units: Number of Baths
1
Appliances Included
Dishwasher, Disposal, F/S Oven/Range, Microwave, Refrigerator, Washer/Dryer
Cooling
Ceiling Fan(s), Heat Pump, Individual
Floors
Ceramic Tile
Heating
Heat Pump, Individual
Interior Amenities
Fire/Smoke Alarm(s), Other (See Remarks), Unfurnished
Total Units
2
Construction
Block
Covered Parking Spaces
4
Exterior Amenities
Cable TV Available, Desert Landscaping, Fenced, Patio/Balcony, Security Light(s), Separate Storage
Exterior Finish
Stucco
Lot Size Dimensions
irr
Parking
>1 Space Per Unit, Carport, Free, Paved Parking
Roads/Streets
Asphalt, Curb(s) & Gutter(s)
Roofing
Comp Shingle
Total Parking Spaces
6
Country
USA
Cross Street
16th Street and Sheridan
High School District Number
210 - Phoenix Union High School District
Lot Number
40
Map Code/Grid
P35
Range
3E
School District
014 - Creighton Elementary District
Section
34
Township
2N
Community Amenities
Barbecue, No Pool
Electric
APS, Individual Meter
Entry Timestamp
2022-04-14T06:20:03+00:00
Gas
None
Marketing Name
Remodeled Duplex
Owner Association
No
Sewer
Sewer - Public, Sewer-In & Connected
Vacancy Allowance
0.03
Water
City Franchise, Master Meter
2 Bedroom Units: Average Rent
1700
Adjusted Gross Income
39576
Annual Insurance Expense
1300
Annual Landscape Expense
600
Annual Maintenance Expense
300
Annual Management Expense
3166
Annual Water/Sewer Expense
2100
Contingency Type
No
Financial Data Source
Projected Proforma
Gross Annual Scheduled Income
40800
Net Operating Income
30771
New Financing
Conventional, FHA, No Carry, VA
Operating Expense
8425
Owner Pays
Landscaping, Sewer, Trash Collection, Water
Sale Includes
Land & Building, Laundry Equipment, Personal Property
Tax Municipality
Phoenix
Taxes
959
Tenant Pays
Cable TV, Electric
Total Monthly Rental Income
3400
Contact - Listing ID 6383393
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
