Listing ID6513168
Sold For$515,000
StatusClosed
Sold Date3/14/2023
CountyMaricopa
SubdivisionF O STORY ADDITION PLAT C
Year Built1930
Property TypeMultiple Dwellings
Vintage Duplex with Brick Construction Located in the Heart of Downtown Phoenix in the Sought After FQ Story Historic District. Comprised of 100% One-Bedroom / One-Bathroom Units, ~600 sqft each. Units Modernized While Maintaining Their Classic Historic Charm With Updated Cabinetry & Countertops, New Appliances, In-Suite Washer / Dryer, Hardwood Flooring & Dual-Pane Windows. Large Front & Back Yard Areas For Each Unit. Individually Metered for Electricity & Gas, Master Metered For Water. Property to be Delivered Vacant. Location doesn't get any better than this. FHA currently unavailable. Buyer to verify all facts and figures.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
F O STORY ADDITION PLAT C
Year Built
1930
Zoning
R1-6
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
600
Cooling
Individual, Electric
Cooling
yes
Heating
Individual, Electric
Heating
yes
Country
US
Directions
North on 11th Ave, Left on West Portland St
Elementary School District
Phoenix Elementary District
General Property Description Elementary School District2
Phoenix 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
1N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Brick
Electric
Individual Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
7680sqft
General Property Description Total # of Units
2
General Property Description Uncvrd Parking Spcs
2
Lot Size Dimensions
7680sqft
Number Of Buildings
1
Number Of Units Total
2
Open Parking Spaces
2
Parking Features
1 Space/Unit, Street Parking
Parking Total
2
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.00
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
6
1 Bedroom Units Avg Rent
1595
Cap Rate
5.48
Disclosures
None
Fuel Expense
700
Gardener Expense
1200
Gross Income
37717
Gross Scheduled Income
37717
Insurance Expense
800
Listing Terms
Other (See Remarks)
Maintenance Expense
700
Net Operating Income
32080
Operating Expense
5637
Other Expense
300
Owner Pays
Other, Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
637
Tax Block
17
Tax Book Number
111.00
Tax Lot
6
Tax Year
2022
Tenant Pays
Electricity
Water Sewer Expense
700
Contact - Listing ID 6513168
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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