1701 W Vogel Avenue

    Phoenix, AZ 85021
    • $700,000
    • STATUS: Active
    • ON SITE: 31 days
    • MLS #: 6045549
    UPDATED: 69 min ago
    $700,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    Value-add opportunity with below market rents. All units have HVAC units/individually metered electric.Solid North Phoenix rental market. All 1 bedroom/1 bathroom units that are 525 SF with walk-in closets. Current rents are $500/unit +/- per owner. Ability to raise rents immediately. Though some recent upgrades have been completed, this complex will need more upgrading to capture market rents. Competitively priced at $87,500/unit, this consists of two 4 unit buildings on a jumbo sized corner lot. No showings until escrow, please do not disturb the tenants. Buyer to complete and rely on own due diligence. Rent roll & additional information available in escrow only.

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    © 2020 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 The Everest Team at eXp Realty. Data last updated 2020-04-05T07:11:10.8.
    www.theeverestteam.com/homes/103838437

    1701 W Vogel Avenue Phoenix, AZ 85021

    • Price: $700,000
    • Status: Active
    • Updated: 69 min ago
    • MLS #: 6045549
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1964
    Built
    Neighborhood:
    Idle Ease
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    006 - Washington Elementary District
    Property Description
    Value-add opportunity with below market rents. All units have HVAC units/individually metered electric.Solid North Phoenix rental market. All 1 bedroom/1 bathroom units that are 525 SF with walk-in closets. Current rents are $500/unit +/- per owner. Ability to raise rents immediately. Though some recent upgrades have been completed, this complex will need more upgrading to capture market rents. Competitively priced at $87,500/unit, this consists of two 4 unit buildings on a jumbo sized corner lot. No showings until escrow, please do not disturb the tenants. Buyer to complete and rely on own due diligence. Rent roll & additional information available in escrow only.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 8.00 Exterior Amenities Desert LandscapingFencedCable Tv AvailableSeparate Storage Lot Size Dimensions 12039 Parking 1 Space/UnitPaved ParkingCarportStreet Parking Roads Asphalt Roofing Comp ShingleRolled

    Interior Features

    1 Bedroom Unit Avg Sq Ft 525 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 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 Other (See Remarks) Cooling Electric RefrigeratdIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileVinyl/Composition Heating Electric Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 500.00 1 Bedroom Units 8 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 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 46740.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities No Pool Cross Street 19TH AVENUE AND DUNLAP Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Other (See Remarks) Gross Annual Sch Inc 48000.00 Hoa YN No Net Operating Income 0.00 New Financing Conventional Operating Exp 1071.00 Other Income 1200.00 Other Type Other (See Remarks) Owner Pays WaterSewerTrash CollectionLandscapingOtherSee Remarks Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By OwnerProjected Proforma Tax Municipality Phoenix Taxes 1071.00 Tenant Pays Electric Totl Mnth Rntal Inc 4000.00 Vacancy Allowance 0.05 Water Master MeterCity Franchise Zoning M-H

    Listing courtesy of Platinum Living Realty.


    © 2020 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 The Everest Team at eXp Realty. Data last updated 2020-04-05T07:11:10.8.
     
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