6041 N 23RD Avenue

    Phoenix, AZ 85015
    • $1,999,000
    • STATUS: Active
    • ON SITE: 129 days
    • MLS #: 6026678
    UPDATED: 42 min ago
    $1,999,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    Description

    Residential Financing Available Maple Leaf is a mid-century, block-constructed project with a great unit mix of large 3-bed, 2-bed, and 1-bed units. They are all individually metered forelectricity and feel very secure with the buildings on the property surroundinga quaint, quiet central courtyard. The units have been very well-maintainedover the years and many of the units have received many recent upgradesincluding new carpet, appliances, fixtures, etc. Most of the units have seensome level of updating over the past year with a few original units withlong-term tenants. Value-add opportunities exist through additional updatingand increased rents. This property sits on four separate parcels allowing foran investor to get four separate residential loans if theywant.This is a great, centrally located, bite-sized deal that has historically maintained very low vacancy and should continue to perform well into the future. Maple Leaf Apartments is a 14-unit apartment property located in the heart of Phoenix. The property is comprised of 2 different fourplexes and 2 different triplexes with each building being on a separate parcel allowing for individual residential loans if someone desired. The units are all good size, with a great unit mix of (4) 1-bed / 1-bath (Approx. 692 SF each), (8) 2-bed / 1-bath (Approx. 910 SF each), and (2) 3-bed / 2-bath (Approx. 1,270 SF each). The property is also in the opportunity zone, so there should be more positive activity happening in the area over the next few years. The property is about 1/3 of a mile to the Abrazo Central Campus hospital and a little over a half mile to the light rail and the Christown Spectrum Mall (Target, Costco, Walmart, Harkins Theatres, etc.). It is also about 1.5 miles to Grand Canyon University. The location is extremely central and allows residents to enjoy, with ease, so much of what Central Phoenix has to offer. With many dining, shopping, and entertainment options, as well as the I-17 Freeway within minutes (1/4 of a mile away), Maple Leaf Apartments is an attractive investment opportunity and an extremely desirable property for residents to live.

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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 2020-05-30T07:15:01.81.
    www.theeverestteam.com/homes/102468812

    6041 N 23RD Avenue Phoenix, AZ 85015

    • Price: $1,999,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: 6026678
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1963
    Built
    Neighborhood:
    Melrose Valley Estates 1
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    006 - Washington Elementary District
    Property Description
    Residential Financing Available Maple Leaf is a mid-century, block-constructed project with a great unit mix of large 3-bed, 2-bed, and 1-bed units. They are all individually metered forelectricity and feel very secure with the buildings on the property surroundinga quaint, quiet central courtyard. The units have been very well-maintainedover the years and many of the units have received many recent upgradesincluding new carpet, appliances, fixtures, etc. Most of the units have seensome level of updating over the past year with a few original units withlong-term tenants. Value-add opportunities exist through additional updatingand increased rents. This property sits on four separate parcels allowing foran investor to get four separate residential loans if theywant.This is a great, centrally located, bite-sized deal that has historically maintained very low vacancy and should continue to perform well into the future. Maple Leaf Apartments is a 14-unit apartment property located in the heart of Phoenix. The property is comprised of 2 different fourplexes and 2 different triplexes with each building being on a separate parcel allowing for individual residential loans if someone desired. The units are all good size, with a great unit mix of (4) 1-bed / 1-bath (Approx. 692 SF each), (8) 2-bed / 1-bath (Approx. 910 SF each), and (2) 3-bed / 2-bath (Approx. 1,270 SF each). The property is also in the opportunity zone, so there should be more positive activity happening in the area over the next few years. The property is about 1/3 of a mile to the Abrazo Central Campus hospital and a little over a half mile to the light rail and the Christown Spectrum Mall (Target, Costco, Walmart, Harkins Theatres, etc.). It is also about 1.5 miles to Grand Canyon University. The location is extremely central and allows residents to enjoy, with ease, so much of what Central Phoenix has to offer. With many dining, shopping, and entertainment options, as well as the I-17 Freeway within minutes (1/4 of a mile away), Maple Leaf Apartments is an attractive investment opportunity and an extremely desirable property for residents to live.
    Exterior Features

    Construction BlockOther (See Remarks) Construction Finish Other (See Remarks)Painted Covered Parking Spaces 0.00 Exterior Amenities Other (See Remarks) Lot Size Dimensions 0X0 Parking CarportOther (See Remarks) Roads Asphalt Roofing Comp ShingleOther (See Remarks)

    Interior Features

    1 Bedroom Unit Avg Sq Ft 692 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 910 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 1270 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Other (See Remarks) Cooling Other (See Remarks) Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other (See Remarks) Heating Other (See Remarks) Interior Amenities Other (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 784.00 1 Bedroom Units 4 2 Bedroom Unit Avg Rent 950.00 2 Bedroom Units 8 3 Bedroom Unit Avg Rent 1310.00 3 Bedroom Units 2 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 159697.00 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 42491.00 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 19th Ave & Bethany Home Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 153367.00 Hoa YN No Net Operating Income 113814.00 New Financing Other (See Remarks) Operating Exp 45882.00 Other Income 6330.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type 13 - 24 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Special Owner/Agent Tax Municipality Phoenix Taxes 3391.00 Tenant Pays Electric Vacancy Allowance 0.00 Water OtherSee Remarks Zoning R3

    Listing courtesy of Abi Multifamily.


    © 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 2020-05-30T07:15:01.81.
     
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