Listing MLS# 6904880 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, West Phoenix Addition - Phoenix real estate for sale, Phoenix, AZ homes for sale and Phoenix real estate and Phoenix homes.
Phoenix, AZ 85009
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1946Year Built
- 0.00Acres
- 79 yearsEst Age
- MLS# 6904880
- Multifamily
- Multiple Dwellings
- Pending
- Approx Time on Market1 month, 19 days
- AreaMaricopa
- CountyMaricopa
- Subdivision West Phoenix Addition
Overview
3601 W Melvin St is an 11-unit multifamily property located in the Estrella submarket of Phoenix, Arizona. Built in 1946, the asset consists of a gated community with a unit mix of (1) 2-bedroom and (10)1-bedroom apartments, averaging 453 square feet per unit and totaling approximately 4,980 square feet of rentable area. Strategically located just minutes from Downtown Phoenix, Sky Harbor Airport, and key employment hubs, this offering benefits from strong rental demand driven by workforce housing needs. With below-market rents, the property offers immediate upside through interior renovations and operational improvements. This asset is an ideal opportunity for investors seeking a low-basis, value-add multifamily opportunity in one of the fastest-growing metropolitan areas of the U.S.
Agriculture / Farm
Horse: No
Association Fees / Info
Community Features: No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Wood Frame, Stucco, Brick
Roof: Composition, Rolled/Hot Mop
Exterior Features
Pool Private: No
Financial
Owner Pays: Trash Collection,Water,Sewer
Gross Income: 112038
Insurance Expense: 5500
Garage / Parking
Parking Features: >1 Space Per Unit
Garage: No
Attached Garage: No
Interior Features
Flooring: Ceramic Tile, Vinyl
Appliances: Built-In Range, Refrigerator
Fireplace: No
Lot Info
Lot Size: 12428
Number of Buildings: 3
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R-3
Property Attached: No
Tax Info
Tax Legal Description: WEST PHOENIX ADD LOTS 1 & 3 BLK 7
Tax Amount Annual: 1587
Unit Info
Total Units: 11
Utilities / Hvac
Water Source: City Franchise
Electric: APS
Cooling: Yes
Cool System: Evaporative Cooling
Heating: Electric
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Water Front: No
Listings courtesy of Matthews Real Estate Investment Services
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