GREAT INVESTMENT OPPORTUNITY! This three-plex is centrally located with established tenants and cash flow. Each unit has one bedroom and one bathroom, is individually metered for electric, and has one covered parking space per unit with additional guest parking. Additional storage on site can offer an additional income-producing opportunity for the new owner.
Property Attributes
MLS#6850943
Type Multi-Family
CountyMARICOPA
City Phoenix
NeighborhoodINDIAN PARK
Zip85013
StyleMultiple Dwellings
Year Built1952
Taxes$ 1161
Price$ 700,000
Bedrooms 0
Full Bathrooms 0
Half Bathrooms 0
Data Source:
Arizona Regional MLS (ARMLSN)
Sewer
Sewer-In & Connected,Public Sewer
Heating
Heat Pump,Electric
Cooling
Central Air,Ceiling Fan(s),Electric,Heat Pump,Individual
Roof
Composition
Zoning
R4
Construction Materials
Painted,Block
Year Built
1952
Electric
SRP
Township
2N
Tax Year
2024
Ownership
Fee Simple
Gross Income
42108.0
OwnerPays
Trash Collection,Water,Sewer,Landscaping
Community Features
See Remarks,No Pool
County
Maricopa
Net Operating Income
36015.0
Operating Expense
6093.0
Insurance Expense
1932.0
Property Type
Multiple Dwellings
Attached Garage
No
Subdivision Name
INDIAN PARK
Garage Y/N
No
Status
Active
Directions
W. on Indian School to 3rd Ave,N. on 3rd Ave to property on the west side of the street.
City
Phoenix
Disclosures
Seller Prop Disc Stm
High School District
Phoenix Union High School District
Open Parking Spaces
2.0
Number Of Units Total
3
Lot Size Square Feet
0.0
Carport Y/N
No
Tax Annual Amount
1161.0
Current Financing
Not Applicable
Water Sewer Expense
2400.0
Lease Renewal Y/N
No
Additional Parcels Y/N
No
Lease Considered Y/N
No
Rent Control Y/N
No
Standard Status
Active
Occupancy Type
Tenant
Elementary School District
Osborn Elementary District
Tax Lot
58
Cap Rate
5.15
MobileHomeRemainsYN
No
New Financing: Conventional
True
Ownership
Fee Simple
Senior Community
No
New Financing: Cash
True
Flooring
Ceramic Tile
Air Conditioning Y/N
Yes
Heating Y/N
Yes