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    412 N 17TH Drive

    Phoenix, AZ 85007
    • $775,000
    • STATUS: Active Under Contract
    • ON SITE: 23 days
    • MLS #: 6241290
    Under Contract
    UPDATED: 71 min ago
    $775,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    Plug & Play 4 unit in the sought after Oakland Historic District near State of AZ government buildings in heart of Downtown Phoenix. SELLER FINANCING with attractive terms. Significantly upgraded & stabilized. 6 CAP +/- with close to $5,000/month of rental/additional income! 100% occupied, excellent tenants. Well-managed/operated by local owner. Perfect handoff to new owner. Two duplex buildings on a 8700 SF lot. Front building is 1227 SF (two 1/1's @ 614 SF), built in 1958. Rear building is 1431 SF (one 1/1 @ 614 SF w/ 2/1 @ 817 SF), built in 1962. Upgraded in all of the right places. Tenant paid electric. Owner paid w/s/t. Rents, w/s, yard #'s actual. Other expenses approximate. Seller Financing Terms (not required): 20% down, 4.5% int-only, 3 yr balloon, pre-pay. See attached OM.

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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 The Everest Team at eXp Realty. Data last updated 2021-06-19T10:12:56.697.
    www.theeverestteam.com/homes/117594325
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    412 N 17TH Drive Phoenix, AZ 85007

    • Price: $775,000
    • Status: Active Under Contract
    • Updated: 71 min ago
    • MLS #: 6241290
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1962
    Built
    Neighborhood:
    Oakland
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    001 - Phoenix Elementary District
    Property Description
    Plug & Play 4 unit in the sought after Oakland Historic District near State of AZ government buildings in heart of Downtown Phoenix. SELLER FINANCING with attractive terms. Significantly upgraded & stabilized. 6 CAP +/- with close to $5,000/month of rental/additional income! 100% occupied, excellent tenants. Well-managed/operated by local owner. Perfect handoff to new owner. Two duplex buildings on a 8700 SF lot. Front building is 1227 SF (two 1/1's @ 614 SF), built in 1958. Rear building is 1431 SF (one 1/1 @ 614 SF w/ 2/1 @ 817 SF), built in 1962. Upgraded in all of the right places. Tenant paid electric. Owner paid w/s/t. Rents, w/s, yard #'s actual. Other expenses approximate. Seller Financing Terms (not required): 20% down, 4.5% int-only, 3 yr balloon, pre-pay. See attached OM.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingFencedOther (See Remarks)Patio/BalconySecurity Light(S) Lot Size Dimensions 8700 SF Parking <1 Space Per UnitAdd'l Parking AvailOther (See Remarks)Street Parking Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 614 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 817 2 Bedroom Units Baths 1 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 Bi Oven/RangeOther (See Remarks)RefrigeratorWasher/Dryer Cooling EvaporativeWindow/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Window/Wall Unit(S) Interior Amenities Fire/Smoke Alarm(S)Other (See Remarks)Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 1137.00 1 Bedroom Units 3 2 Bedroom Unit Avg Rent 1432.00 2 Bedroom Units 1 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 0.00 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 PoolOther (See Remarks) Cross Street Van Buren And 17th Dr Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas None Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 0.00 New Financing 1031 ExchangeConventionalOther (See Remarks)Seller May Carry Operating Exp 1137.00 Other Income 0.00 Owner Pays SewerTrash CollectionWater Project Type Four Plex Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Other (See Remarks)Projected ProformaProvided By Owner Tax Municipality Phoenix Taxes 1137.00 Tenant Pays Cable TvElectric UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City FranchiseMaster Meter Zoning R-5

    Listing courtesy of S. J. Fowler Real Estate Inc..


    © 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 The Everest Team at eXp Realty. Data last updated 2021-06-19T10:12:56.697.
     
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