Listing ID6420723
Price$1,175,000
StatusActive
CountyMaricopa
SubdivisionCAMELBACK VISTA
Year Built1982
Property TypeMultifamily Residential
Property Sub Type5 - 12 Units
Here's what you have been waiting for!!! Two homes and 5 apartments! Always rented!!! This well maintained seven unit community features a slump block triplex and duplex, and two single family homes. The three bedroom home has a washer/dryer and its own back yard! The one bedroom home also has its own yard. The one bedroom units in the triplex and duplex are large and well laid out they have storage too! The homes and units are set back from the street offering privacy for the tenants. Plenty of parking too! The lot is flood irrigated keeping water costs low and make for a lush, green environment with many trees! Lots of deferred maintenance done. Lots of upgrades. This location near 22nd Avenue and Camelback is in an area of much redevelopment. In fact there is a vacant lot directly to the South, ready for new construction. On the corner of 22nd Avenue and Camelback, there is a new shopping center with a grocery store offering convenience for the residents. In addition to the close proximity to Grand Canyon University (three stoplights away!), the Light Rail at 19th Avenue and Camelback, offers tenants alternatives for commutes to all of the Valley employment and entertainment venues. All rents are month to month, making for easy rent increases. Don't wait! Call now!
Please drive by only. Do not walk the property or disturb the residents as they are unaware of the sale.
County
Maricopa
Property Sub Type
5 - 12 Units
Property Type
Multifamily Residential
Subdivision
CAMELBACK VISTA
Year Built
1982
Zoning
multi
1 Bedroom Units
6
1 Bedroom Units: Average SqFt
525
1 Bedroom Units: Number of Baths
1
2 Bedroom Units: Number of Baths
1
3 Bedrooms Units
1200
3 Bedrooms Units: Number of Baths
1
Appliances Included
Disposal, Refrigerator
Cooling
Central A/C
Floors
Ceramic Tile
Heating
Electric
Other Type
House + Rental Units
Total Units
7
Construction
Block
Exterior Amenities
Desert Landscaping
Exterior Finish
Painted
Lot Size Dimensions
.536 acres
Roads/Streets
Private Street
Roofing
Comp Shingle
Total Parking Spaces
10
Country
USA
Cross Street
22nd Camelback
High School District Number
210 - Phoenix Union High School District
Lot Number
2
Map Code/Grid
N33
Range
2E
School District
068 - Alhambra Elementary District
Section
13
Township
2N
Community Amenities
No Pool
Electric
SRP
Entry Timestamp
2022-06-20T20:32:21+00:00
Gas
None
Marketing Name
22nd ave luxury arts
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
0.03
Water
City Franchise
1 Bedroom Units: Average Rent
805
3 Bedrooms Units: Average Rent
1595
Adjusted Gross Income
75310.8
Annual Electric Expense
250
Annual Insurance Expense
2689
Annual Trash Expense
2196
Annual Water/Sewer Expense
3180
Contingency Type
No
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
77640
Net Operating Income
56526
New Financing
Conventional, FHA, VA
Operating Expense
8534
Owner Pays
Sewer, Trash Collection, Water
Sale Includes
Land & Building
Tax Municipality
Phoenix
Taxes
219
Tenant Pays
Electric
Contact - Listing ID 6420723
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
