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For more information on this property, contact Michael Bohlman at 480-797-3800 or mbohlman@outlook.com

5210 N 17TH Avenue
Phoenix, Arizona AZ 85015-3087
Sold For: $1,000,000
Listing ID 6416996
Status Closed
Year Built 1935

Property Description:

Huge developmental opportunity! Property is located within a newly established REINVENTPHX neighborhood. Property location falls within the designated high density MF/Condo Zoning Qualified location. This code regulates development and was created to replace existing zoning to allow for higher urban density along the light rail. Property is being marketed and sold as a developmental opportunity. Rental rates are considerably below current market due to long long term occupation of current tenants.

Primary Features

County: Maricopa
Property Type: Multiple Dwellings
Subdivision: NILE TRACT BLOCK 2
Year Built: 1935
Zoning: R3

Interior

1 Bedroom Units # Baths: 1
1 Bedroom Units Avg SqFt: 612
3 Bedrooms Units # Baths: 2
3 Bedrooms Units Avg SqFt: 1574
Cooling: Electric, Evaporative Cooling, Wall/Window Unit(s)
Cooling: yes
Heating: Electric
Heating: yes

Location

Community Features: No Pool
Country: US
Directions: North on 17th avenue from Camelback. Two properties north of Colter on West side of street.
Elementary School District: Osborn Elementary District
General Property Description Elementary School District2: Osborn Elementary District
General Property Description High School District: Phoenix Union High School District
High School District: Phoenix Union High School District
Postal City: Phoenix
Township: 2N
Water Source: City Franchise

External

Attached Garage: no
Construction Materials: Painted, Block, Frame - Metal, Frame - Wood
Covered Spaces: 2
Electric: SRP
General Property Description # of Buildings: 4
General Property Description Lot Size Dimensions: 36,814
General Property Description Total # of Units: 5
General Property Description Uncvrd Parking Spcs: 6
Lot Size Dimensions: 36,814
Number Of Buildings: 4
Number Of Units Total: 5
Open Parking Spaces: 6
Parking Carport: 1
Parking Features: Common
Parking Total: 8
Road Surface Type: Dirt, Asphalt
Roof: Composition, Built-Up, Concrete
Sewer: Public Sewer, Septic Tank

Additional

Mls Status: Closed
Public Survey Range: 3E
Public Survey Section: 18

Financial

1 Bedroom Units Avg Rent: 500
3 Bedrooms Units Avg Rent: 850
Cap Rate: 2.26
Disclosures: None
Gross Income: 36000
Gross Scheduled Income: 36000
Listing Terms: Other (See Remarks)
Net Operating Income: 25000
Operating Expense: 3136
Owner Pays: Water
Tax Annual Amount: 3136
Tax Block: 1
Tax Book Number: 156.00
Tax Lot: 11
Tax Year: 2021
Tenant Pays: Gas, Electricity

Zoning Info


Contact - Listing ID 6416996

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Michael Bohlman

2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800

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