$1,395,000 Price Analysis    ♡   Phoenix, AZ 85006 Unknown bed 0 bath unknown SqFt ($0/SqFt) 6,764SqFt lot. Built 1958 Listed 2024-04-07, Taxes $935 | Ⓧ USDA Ineligible due to price & location near Phoenix |
Total Gut and Remodel Unit Mix one 3 bedroom 2 bath
Two 2 bedroom 1 bath and one 1 bedroom one bath Pristine Plumbing New Electric New Flooring New Roof and Joists New Air Conditioning New Exterior Stucco and Modrn Paint New Concrete Walk Ways New Parking New Dual Pane Windows New Interior and Exterior Doors New Ceiling fans in Living Room and ALL Bedrooms New Landscaping New Cabinets New Bathrooms New Stainless Appliances New Quartz Countertops The Certificate of Occupancy should be delivered around the end of May. All permits will be closed at COE. Buyer should read the additional information here. Buyer to verify all facts and figures. < Investment Opportunity: Prime Real Estate with High Potential Introducing a lucrative investment opportunity in the heart of Garfield District, presenting a meticulously renovated 4-unit property poised to deliver exceptional returns. Situated in a highly sought-after area, this property is strategically positioned near hospitals, ensuring a steady flow of potential tenants seeking convenient accommodation. With a Certificate of Occupancy expected by the end of May, this property shows an rental income upon acquisition. Property Overview: - Unit Mix : - 1 x 3 Bedroom, 2 Bath - 2 x 2 Bedroom, 1 Bath - 1 x 1 Bedroom, 1 Bath - Complete Renovation : Total gut and remodel, ensuring a modern and attractive living space. - Key Improvements : - New Plumbing, Electric and Roof with Reinforced Joists - New Flooring, Air Conditioning and Exterior Stucco - New Concrete Walkways and Parking Spaces for Tenant Convenience - New Dual Pane Windows and Exterior Doors for Energy Efficiency and Security - New Ceiling Fans in Living Room and ALL Bedrooms for Comfort - New Landscaping for Enhanced Curb Appeal - New Cabinets, Bathrooms and Stainless Appliances for Modern Living - New Quartz Countertops for a Sleek Finish Investment Highlights: 1.
High Demand Location : Proximity to hospitals ensures a consistent pool of potential tenants, including healthcare professionals and staff. 2. Turnkey Investment : With permits closed and a comprehensive renovation nearing completion, investors can expect immediate rental income without the hassle of further improvements. 3. Diverse Unit Mix : Catering to various tenant preferences, including families, professionals and individuals, maximizing occupancy rates and rental income potential. 4. Quality Craftsmanship : Renovation carried out with meticulous attention to detail and quality materials, ensuring durability and tenant satisfaction. 5. Attractive Amenities : Modern amenities such as ceiling fans, stainless appliances and quartz countertops offer tenants a comfortable and stylish living experience. 6. Strong Rental Market : [Location] boasts a robust rental market, offering stability and potential for long-term capital appreciation. Investment Strategy: - Immediate Income Generation : Start earning rental income as soon as the Certificate of Occupancy is issued, maximizing return on investment. - Long-Term Appreciation : Capitalize on the property's potential for appreciation in value, driven by its prime location and high-quality renovations. - Tenant Retention : Provide exceptional living standards to attract and retain quality tenants, ensuring consistent cash flow and minimal vacancy rates. Don't miss out on this exceptional opportunity to invest in a newly renovated property with immense income potential.
Presented by Linda Gerchick at
Gerchick Real Estate.
Property MLS #6688201 from ArizonaRegionalMLS
Microwave
Washer/Dryer
Heating Features: Individual, Heat Pump
Heating: Yes
Lot Size Dimensions: 6764
Lot Size Square Feet: 6764
Calculated Total Monthly Association Fees: 0
School District: Phoenix Union High School District
Map directions Map directions Map directionsSource Listing Status: Active
County: Maricopa
Directions: East on Roosevelt to 22 Street and Turn South-Property in on the West side of the street
Tax Year: 2022
Source Property Type: Multiple Dwellings
Source Neighborhood: BUMBALOW HEIGHTS
Owner Pays: Trash Collection, Water, Sewer, Landscaping
Parcel Number: 116-03-014
Postal Code Plus 4: 4079
Subdivision: BUMBALOW HEIGHTS
Zoning: R-4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $17,830 + $4,450 $22,280 | $935 |
| 2020 | $14,640 + $3,660 $18,300 | $935 |
| 2019 | $11,860 + $2,960 $14,820 | $928 |
| 2018 | $10,520 + $2,630 $13,150 | $909 |
| 2017 | $9,420 + $2,350 $11,770 | $874 |
| 2016 | $7,370 + $1,840 $9,210 | $840 |
| 2015 | $6,570 + $1,640 $8,210 | $782 |
| 2014 | $5,260 + $1,310 $6,570 | $726 |
| 2012 | $2,980 + $740 $3,720 | $589 |
| 2011 | $3,280 + $820 $4,100 | $694 |
| 2009 | $13,497 + $3,400 $16,897 | $1,336 |
| 2008 | $11,254 + $3,950 $15,204 | $1,316 |
| 2007 | $9,849 + $2,650 $12,499 | $1,213 |
$1,395,000
ArizonaRegionalMLS
Listing removed 2023-12-01
$1,295,000
PrescottArea
Listing removed 2022-02-03
$0
TenantTurner
Listed for rent 2022-01-29
$1,700
TenantTurner
Sold 2021-05-26
$495,000
Public Record
Sold 2014-12-05
$64,242
Public Record
Sold 2013-03-29
$73,500
Public Record
Sold 1999-09-01
$56,000
Public Record
Sold 1994-03-09
$38,000
Public Record
Sold 1983-11-01
$60,000
Public Record
Building Exterior Type: Stucco, Block
Construction Materials: Stucco, Block
Property Age: 66
Roof: Composition
Water Source: City Franchise, Master Meter
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.