2002 W Jefferson Street

    Phoenix, AZ 85009
    • $275,000
    • STATUS: Pending
    • ON SITE: 124 days
    • MLS #: 5939823
    Pending
    UPDATED: 141 min ago
    $275,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1935
    County:
    Area:

    School Information

    Elementary School:
    High School:

    Description

    GREAT INVESTMENT OPPORTUNITY IN DOWNTOWN PHOENIX! This 3 building, 5 unit complex already has a steady stream of income with 4 out of 5 units currently rented month to month. Keep the long term tenants in place or easily update units to maximize rental rates! A mile and a half from Grand Ave Arts Distrcit, 2 miles to Chase field, 2 miles to Roosevelt Row. This is a prime location and unique property with MASSIVE potential for long term tenant rental, OR maximize income stream by using some or all units as a vacation rental! All 3 roofs replaced in 2011, partial sewer line replacement in 2005, and regular maintenance performed meticulously over the years. This is a GREAT first time investment or an experienced investor can maximize value and strengthen their portfolio!

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    © 2019 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 REMAX Professionals. Data last updated 2019-10-17T00:11:04.493.
    www.phoenixazpropertysearch.com/homes/95936816

    2002 W Jefferson Street Phoenix, AZ 85009

    • Price: $275,000
    • Status: Pending
    • Updated: 141 min ago
    • MLS #: 5939823
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1935
    Built
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Capitol Elementary School
    High School:
    Central High School
    School District:
    021 - Murphy Elementary District
    Property Description
    GREAT INVESTMENT OPPORTUNITY IN DOWNTOWN PHOENIX! This 3 building, 5 unit complex already has a steady stream of income with 4 out of 5 units currently rented month to month. Keep the long term tenants in place or easily update units to maximize rental rates! A mile and a half from Grand Ave Arts Distrcit, 2 miles to Chase field, 2 miles to Roosevelt Row. This is a prime location and unique property with MASSIVE potential for long term tenant rental, OR maximize income stream by using some or all units as a vacation rental! All 3 roofs replaced in 2011, partial sewer line replacement in 2005, and regular maintenance performed meticulously over the years. This is a GREAT first time investment or an experienced investor can maximize value and strengthen their portfolio!
    Exterior Features

    Construction BrickFrame - Wood Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingFencedPartially FencedPatio/BalconySeparate Storage Lot Size Dimensions 50X140 Parking 1 Space/UnitAdd'l Parking AvailAssigned Roads Asphalt/BlacktopSidewalk(S) Roofing Comp Shingle Total Parking Spaces 6.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 500 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 Bi Oven/RangeRefrigeratorWasher/Dryer Cooling EvaporativeWindow/Wall Unit Efficiency Unit Avg Sq Ft 200 Efficiency Unit Baths 1 Floors ConcreteCeramic TileWood Heating GasWindow/Wall Unit(S) Interior Amenities Drapes

    Property Features

    1 Bedroom Unit Avg Rent 550.00 1 Bedroom Units 3 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 30720.00 Annual Elec Exp 4178.00 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 1644.00 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 3552.00 Community Amenities Barbecue Area(S) Cross Street Jefferson And 20th Ave Efficiency Unit Avg Rent 450.00 Efficiency Units 2 Electric Aps Gas Sw Gas Gross Annual Sch Inc 30720.00 Hoa YN No Net Operating Income 21346.00 New Financing ConventionalOther (See Remarks) Operating Exp 10176.80 Other Income 0.00 Owner Pays WaterElectricGasTrash Project Type 5 - 12 Units Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 802.80 Tenant Pays Cable Tv Vacancy Allowance 0.00 Water City Franchise Zoning R-3

    Listing courtesy of Coldwell Banker Residential Brokerage.


    © 2019 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 REMAX Professionals. Data last updated 2019-10-17T00:11:04.493.
     
    REMAX Professionals
    20241 N. 67th Ave Suite A1
    Glendale AZ, 85308