Address
4631 N 12Th Avenue Phoenix, AZ
Price
$ 850,000
Property Attributes
  • MLS#6238575
  • TypePending
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodGrandview Highlands
  • Zip85013
  • Style
  • Year Built1961
  • Taxes$ 1384
  • Price$ 850,000
  • Bedrooms7
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage2964
Listing Provided Courtesy Of:
Gerchick Real Estate
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

Excellent investment opportunity located in the highly sought after area of Central Phoenix. This sale includes two building: 4625 & 4631 N 12th Ave. Both are separately parceled. APN#s 155-43-186A & 155-43-187A. $1,700,000 portfolio must buy both buildings and can qualify for commercial or two separate conventional loans at $850,000 each. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. One large 3BR & 2BR unit with two 2BR & 2BA units. There is a 2 car garage and private storage rooms for additional revenue. 3BR rent is $1695 & 2BR rents are currently below market at $1100-$1165. Market 2BR rents are $1,250-$1350 Buyer to verify all facts and figures.

Price History
5/26/2021 Listed $850,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 1163.00
3 Bedrooms Units: Avg Rent 1695.00
3 Bedrooms Units: Avg Sqft 1092
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Ceiling Fan(s), Heat Pump, Individual
Electric APS, Individual Meter
Exterior Features Separate Storage
Features No Pool
Gas Y/N None
Heating Heat Pump, Individual
Map Code/Grid P34
Net Income 37178.00
New Financing Conventional, No Carry
Owner Pays Landscaping, Sewer, Trash Collection, Water
Parking >1 Space Per Unit, Carport, Free, Street Parking
Property Type F
Roof Comp Shingle
School District 008 - Osborn Elementary District
Sewer Sewer - Public
Status Pending
Subdivision GRANDVIEW HIGHLANDS
Tenant Pays Cable TV, Electric
Water City Franchise
Year Built 1961
Zoning R-3

Interior Features

2 Bedroom Units: # 2 Bedroom Units 2
2 Bedroom Units: # Baths 2
2 Bedroom Units: Avg Sqft 936
3 Bedrooms Units: # 3 Bedroom Units 1
3 Bedrooms Units: # Baths 2
Appliances Included F/S Oven/Range, Refrigerator
Floors Vinyl, Wood
Total Number of Units 3.00

Exterior Features

Sale Includes Land & Building, Personal Property
Const - Finish Painted
Covered Parking Spcs 3.00
Lot Size Dimensions Irr
Total Parking Spcs 4.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 85013

Price
AVG $570K
$850K
Taxes
AVG $2,844
$1,384
Visits
AVG 46
128
Year Built
AVG 1966
1961

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