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.
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
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.
Listings courtesy of Exp Realty
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