Comprehensively RENOVATED 4 UNITS Short-Term Rental in PRIME Phoenix LOCATION on R-5 zoning! Possible to enter with 5% DOWN! Cap rate 10.6%. Current Airbnb rating 4.85 out of 5! UNITS: One 2 BD-1BA and Three Studios. Every unit has its OWN kitchen, bathroom and a separate PRIVATE ACCESS. 2 BD unit has it's own Landry with washer and dryer. The backyard is a common space for all guests with a Grill, Fire pit, Hammock and a separate Laundry shed. Cleaning and maintenance crews use another outside shed for supplies. Each unit uniquely renovated and staged, designed to appeal to a broad range of tenants—perfect for maximizing occupancy rates and income potential! HIGH DEMAND LOCATION ensures a CONSISTENT pool of TENANTS! Just minutes walking from ASU, Chase Field and The Van Buren and Convention center. 7 min driving to the airport. It is an ideal destination for visitors! This property is a TurnKey Investment! Renovation has been completed with meticulous attentions to details and orientation to tenants satisfaction. The quality of this reno allow investors expect IMMEDIATE rental INCOME without the hassle of further improvements! R-5 Multiple Family Residence Zoning provides flexibility for future expansion or development, and enhancing the property's long-term investment potential.
Property Attributes
MLS#6746076
Type Single Family
CountyMARICOPA
City Phoenix
NeighborhoodMARSTON HEIGHTS
Zip85006
StyleResidential
Year Built1928
Taxes$ 1093
Price$ 845,000
Bedrooms 5
Full Bathrooms 4
Half Bathrooms 0
Sqr Footage1338
Lot Size0.17 Acres
Data Source:
Arizona Regional MLS (ARMLSN)
Price History
8/22/2024Listed $847,000
9/13/2024 1% - $845,000
Sewer
Public Sewer
Heating
Mini Split,Electric
Cooling
Central Air,Ceiling Fan(s),Mini Split
Possession
Close Of Escrow
Roof
Composition
Garage Spaces
0.0
Association Fee Includes
No Fees
Pool Features
None
Security Features
Security System Leased
Construction Materials
Stucco,Wood Frame,Painted
Year Built
1928
Township
1N
Property Subtype
Single Family Residence
Tax Year
2023
Ownership
Fee Simple
County
Maricopa
Property Type
Residential
HOA
No
Attached Garage
No
Subdivision Name
MARSTON HEIGHTS
Possible Use
None
Other Structures
Separate Guest House
Special Listing Conditions
N/A
Status
Active
Directions
Take AZ-101 Loop N and AZ-202/AZ-202 Loop W to N 32nd St in Phoenix. Take exit 1C from AZ-202/AZ-202 Loop W. Take E Van Buren St. Turn right onto E Van Buren St. Turn right onto N 11th Pl.
High School
North Canyon High School
City
Phoenix
Disclosures
Agency Discl Req
High School District
Phoenix Union High School District
Open Parking Spaces
0.0
Lot Size Units
Square Feet
Lot Size Square Feet
7500.0
Carport Spaces
0.0
Carport Y/N
No
Electric On Property Y/N
Yes
Spa Features
None
Elementary School
Garfield School
Property Attached Y/N
No
Land Lease Y/N
No
Tax Annual Amount
1093.0
Home Warranty Y/N
No
Current Financing
Conventional
Middle/Junior High School
Garfield School
Lease Renewal Y/N
No
Lease Considered Y/N
No
Rent Control Y/N
No
Builder Name
unknown
Standard Status
Active
Occupancy Type
Tenant
Elementary School District
Phoenix Elementary District
Tax Lot
9
MobileHomeRemainsYN
No
New Financing: Conventional
True
Senior Community
No
New Financing: FHA
True
Ttl Monthly Fee Equiv
0.0
New Financing Cash
True
New Financing: VA
True