3237 W Melvin Street

    Phoenix, AZ 85009
    • $250,000
    • STATUS: Active Under Contract
    • ON SITE: 13 days
    • MLS #: 5986720
    Under Contract
    UPDATED: 142 min ago
    $250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1984
    County:
    Area:

    School Ratings & Info

    Description

    GREAT investment opportunity!!! Fully occupied (4) two-bedroom, one bathroom units with newer appliances, air conditioning units. Low maintenance desert landscaping. Rent is $350 per month and tenants are all on month to month leases. Plenty of room to increase rents as surrounding areas charge more. Tenant pays for electric, their water bill (see notes) and there is NO HOA! There is plenty of uncovered tenant parking. Close to freeways, restaurants and shopping. Please DRIVE BY only, tenants are unaware of the sale.

    Monthly Payment Calculator



    © 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/99569691

    3237 W Melvin Street Phoenix, AZ 85009

    • Price: $250,000
    • Status: Active Under Contract
    • Updated: 142 min ago
    • MLS #: 5986720
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1984
    Built
    Neighborhood:
    Terra Del Sol
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    005 - Isaac Elementary District
    Property Description
    GREAT investment opportunity!!! Fully occupied (4) two-bedroom, one bathroom units with newer appliances, air conditioning units. Low maintenance desert landscaping. Rent is $350 per month and tenants are all on month to month leases. Plenty of room to increase rents as surrounding areas charge more. Tenant pays for electric, their water bill (see notes) and there is NO HOA! There is plenty of uncovered tenant parking. Close to freeways, restaurants and shopping. Please DRIVE BY only, tenants are unaware of the sale.
    Exterior Features

    Construction Frame - Wood Construction Finish Stucco Covered Parking Spaces 0.00 Lot Size Dimensions 6725 Parking <1 Space Per Unit Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 4.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 621 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 Bi Oven/RangeRefrigeratorW/D Hookup Cooling Electric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileVinyl/Composition Heating None Interior Amenities DrapesFire/Smoke Alarm(S)Other (See Remarks)Mini Blinds

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 350.00 2 Bedroom Units 4 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 16800.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1400.00 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 400.00 Annual Wtr Swr Exp 0.00 Community Amenities No Pool Cross Street 35th Avenue/Van Buren Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsSrp Gas None Gross Annual Sch Inc 16800.00 Hoa YN No Net Operating Income 13579.00 New Financing FhaConventionalVa Operating Exp 3221.00 Other Income 0.00 Owner Pays Other (See Remarks) Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 1421.00 Tenant Pays WaterElectric Totl Mnth Rntal Inc 1400.00 UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City Franchise Zoning R-5

    Listing courtesy of Keller Williams Realty Sonoran Living.


    © 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.
     
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    20241 N. 67th Ave Suite A1
    Glendale AZ, 85308