934-940 W Monterosa Street

    Phoenix, AZ 85013
    • $728,000
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: 6075929
    UPDATED: 43 min ago
    $728,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:
    Area:

    School Ratings & Info

    Description

    This well located investment opportunity provides the next Owner the ability to obtain strong step-in income with the ability to make additional renovations and boost revenue immediately or over time. This mid-century modern 4-plex abuts the iconic Woodlea Melrose Historic District located in the heart of Midtown Phoenix.Improvements to the property include, all new copper piping, gut and remodel interiors, installed modern desertscape and a three year old roof on the 934 duplex.These side by side duplexes yield generous financing options and flexible exit strategies.The sub-1M market is extremely sparse- don't miss this wonderful opportunity!

    Monthly Payment Calculator



    © 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 REMAX Professionals. Data last updated 2020-06-01T09:11:39.553.
    www.phoenixazpropertysearch.com/homes/105690130

    934-940 W Monterosa Street Phoenix, AZ 85013

    • Price: $728,000
    • Status: Active
    • Updated: 43 min ago
    • MLS #: 6075929
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1958
    Built
    Neighborhood:
    Del Monte North
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    008 - Osborn Elementary District
    Property Description
    This well located investment opportunity provides the next Owner the ability to obtain strong step-in income with the ability to make additional renovations and boost revenue immediately or over time. This mid-century modern 4-plex abuts the iconic Woodlea Melrose Historic District located in the heart of Midtown Phoenix.Improvements to the property include, all new copper piping, gut and remodel interiors, installed modern desertscape and a three year old roof on the 934 duplex.These side by side duplexes yield generous financing options and flexible exit strategies.The sub-1M market is extremely sparse- don't miss this wonderful opportunity!
    Exterior Features

    Construction Block Construction Finish PaintedStone Covered Parking Spaces 4.00 Exterior Amenities Cable Tv AvailableDesert LandscapingFencedPatio/BalconySeparate Storage Lot Size Dimensions 132X94 Parking >1 Space Per UnitAdd'l Parking AvailCarportStreet Parking Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 768 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 912 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/RangeRefrigeratorW/D Hookup Cooling Central A/CElectric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating ElectricHeat Pump Interior Amenities UnfurnishedVertical Blinds

    Property Features

    1 Bedroom Unit Avg Rent 920.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 970.00 2 Bedroom Units 2 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 44232.00 Annual Ins Exp 600.00 Annual Maint Exp 1000.00 Annual Mgmt Exp 1939.00 Annual Ownr Asoc Fee 0.00 Annual Trash Exp 1008.00 Annual Wtr Swr Exp 920.00 Community Amenities No Pool Cross Street 11th Avenue & Indian School Road Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Sw Gas Gross Annual Sch Inc 45360.00 Hoa YN No Net Operating Income 38825.00 New Financing 1031 ExchangeConventionalFhaVa Operating Exp 7491.00 Other Income 1200.00 Owner Pays SewerTrash CollectionWater Project Type DuplexFour Plex Sale Includes Land & BuildingPersonal Property Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Special Firpta May Apply Tax Municipality Phoenix Taxes 2024.00 Tenant Pays ElectricOther (See Remarks) Vacancy Allowance 0.05 Water City Franchise Zoning R-3

    Listing courtesy of Orion Investment Real Estate.


    © 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 REMAX Professionals. Data last updated 2020-06-01T09:11:39.553.
     
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