Listing MLS# 6755668 Phoenix AZ Real Estate

Please contact Barbara Baker at 928.301.0669 for more information on this property! I specialize in Phoenix AZ real estate, Marston Heights - Phoenix real estate for sale, Phoenix, AZ homes for sale and Phoenix real estate and Phoenix homes.

$847,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$847,000 No Recent Price Change
322 N 11th Place
Phoenix, AZ 85006
  • N/ABeds
  • 0.00Total Baths
  • N/ASqFt
  • 1928Year Built
  • 0.00Acres
  • 97 yearsEst Age
  • MLS# 6755668
  • Multifamily
  • Multiple Dwellings
  • Active

  • Approx Time on Market1 year, 22 days
  • AreaMaricopa
  • CountyMaricopa
  • Subdivision Marston Heights

Overview

Comprehensively RENOVATED 4 UNITS Short-Term Rental in PRIME Phoenix LOCATION on R-5 zoning. Cap rate 10.6%. 2024 average occupancy rate 93%, 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 tenantsperfect 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.



Agriculture / Farm

Horse:  No

Association Fees / Info

Community Features:  No Pool

Hoa:  No

Bathroom Info

Building Info

Construction Materials:  Wood Frame, Stucco

Roof:  Composition

Exterior Features

Pool Private:  No

Financial

Owner Pays:  Gas,Electricity,Trash Collection,Water,Sewer,Cable TV,Landscaping

Gross Income:  122705

Insurance Expense:  1500

Maintenance Expense:  24014

Garage / Parking

Parking Features:  On Street

Garage:  No

Attached Garage:  No

Interior Features

Flooring:  Ceramic Tile

Appliances:  Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer

Fireplace:  No

Lot Info

Lot Size:  7500

Number of Buildings:  2

Other School Info

Property Info

Road Surface Type:  Gravel

Zoning:  R-5

Property Attached:  No

Tax Info

Tax Legal Description:  LOT 9 MARSTON HEIGHTS MCR 000507

Tax Amount Annual:  1093

Unit Info

Total Units:  4

Utilities / Hvac

Water Source:  See Remarks

Electric:  APS

Cooling:  Yes

Cool System:  Electric

Heating:  Electric

Heating:  Yes

Sewer:  Public Sewer

Waterfront / Water

Water Front:  No

Schools

Elem:  Garfield School

Middle:  Garfield School

High:  North Canyon High School

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.

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On barbarabakerrealty.com since Wed, Sep 11th 2024
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