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4625 N 12 Avenue

Phoenix, AZ 85013
  • $850,000
  • STATUS: Active
  • ON SITE: 68 days
  • MLS #: 6238559
UPDATED: 43 min ago
$850,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1961
County:
Area:

School Ratings & Info

Description

Excellent investment opportunity located in the highly sought after area of Central Phoenix. This sale includes two building: 4625 & 4631 N 12th Ave. Both are separately parceled. APN#s 155-43-186A & 155-43-187A. $1,700,000 portfolio must buy both buildings and can qualify for commercial or two separate conventional loans at $850,000 each. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. All large 2BR & 2BA units. All units have private storage rooms for additional revenue. All rents are currently below market at $1100-$1165. Market rents are $1,250-$1350. Buyer to verify all Facts and Figures

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© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Devor Real Estate Associates | My Home Group. Data last updated 2021-08-03T00:12:36.763.
www.devorandassociates.com/homes/117594326
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4625 N 12 Avenue Phoenix, AZ 85013

  • Price: $850,000
  • Status: Active
  • Updated: 43 min ago
  • MLS #: 6238559
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1961
Built
County:
Maricopa
Area:
Phoenix
School District:
008 - Osborn Elementary District
Property Description
Excellent investment opportunity located in the highly sought after area of Central Phoenix. This sale includes two building: 4625 & 4631 N 12th Ave. Both are separately parceled. APN#s 155-43-186A & 155-43-187A. $1,700,000 portfolio must buy both buildings and can qualify for commercial or two separate conventional loans at $850,000 each. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. All large 2BR & 2BA units. All units have private storage rooms for additional revenue. All rents are currently below market at $1100-$1165. Market rents are $1,250-$1350. Buyer to verify all Facts and Figures
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 3.00 Lot Size Dimensions irregular Parking >1 Space Per UnitPaved ParkingFreeCarport Roads AlleyCurb(S) & Gutter(S)Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 887 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigerator Cooling Individual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors VinylWood Heating Heat Pump

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1145.00 2 Bedroom Units 3 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 40972.80 Annual Ins Exp 1493.00 Annual Maint Exp 2778.00 Annual Mgmt Exp 3279.00 Annual Other Expense 600.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 2118.00 Community Amenities No Pool Cross Street 11 Ave And Camelback Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 41940.00 Hoa YN No Net Operating Income 29366.00 New Financing ConventionalNo Carry Operating Exp 11616.00 Other Income 300.00 Owner Pays LandscapingWaterTrash CollectionSewer Project Type Tri-Plex Sale Includes Land & BuildingPersonal Property Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1348.00 Tenant Pays Cable TvElectric Vacancy Allowance 0.03 Water City Franchise Zoning R-3

Listing courtesy of Gerchick Real Estate.


© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Devor Real Estate Associates | My Home Group. Data last updated 2021-08-03T00:12:36.763.
 
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