Address
339 N Laurel Avenue Phoenix, AZ
Price
$ 395,500
Property Attributes
  • MLS#6292018
  • TypeBackup
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodCapitola Place
  • Zip85007
  • Style
  • Year Built1920
  • Taxes$ 485
  • Price$ 395,500
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1320
Listing Provided Courtesy Of:
Gentry Real Estate
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

100% occupied. Remodeled duplex with great rents and land to build 4 more units ON R5 LOT!! Townhome like apartments with large PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $2,605, $31,260 yearly. 7.8% Cap Rate, Tenant paid utilities on RUBS!! Just remodeled. New HVAC in the front unit, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Unit mix of 1, 2 bed x1 bath, 1, 1 bed x 1 bath, 2. This area is hot and transitioning in the Art District of Roosevelt. Hurry will not last with this strong of cashflow. Could add solar and reduce bills even more. Cashflow while you build the other units in the back.

Elementary School Middle School High School
Capitol Elementary School Capitol Elementary School Central High School
Price History
9/10/2021 Listed $439,000
9/23/2021 2% - $434,000
9/27/2021 4% - $419,900
10/1/2021 2% - $415,000
10/8/2021 4% - $399,900
10/15/2021 1% - $399,800
10/18/2021 1% - $399,700
10/19/2021 1% - $399,600
10/21/2021 1% - $399,500
10/25/2021 2% - $395,500

General Features

1 Bedroom Units: Avg Rent 1175.00
2 Bedroom Units: Avg Rent 1349.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block, Frame - Wood
Cooling Ceiling Fan(s), Electric
Electric APS
Elementary School Capitol Elementary School
Exterior Features Desert Landscaping, Fenced
Features No Pool
Gas Y/N None
Heating Electric
High School Central High School
Interior Features Unfurnished
Map Code/Grid Q34
Middle School Capitol Elementary School
Net Income 33760.00
New Financing Conventional, FHA, VA
Owner Pays See Remarks
Parking >1 Space Per Unit
Property Type F
Roof Comp Shingle
School District 001 - Phoenix Elementary District
Sewer Sewer - Public
Status Active
Subdivision CAPITOLA PLACE
Tenant Pays Cable TV, Electric, Landscaping, Sewer, Trash, Water
Water City Franchise
Year Built 1920
Zoning R5

Interior Features

1 Bedroom Units: # 1 Bedroom Units 1
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 560
2 Bedroom Units: # 2 Bedroom Units 1
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 760
Appliances Included Dishwasher, Disposal, F/S Oven/Range, Microwave, Refrigerator, Washer/Dryer
Floors Ceramic Tile, Wood
Total Number of Units 2.00

Exterior Features

Sale Includes Land & Building, Laundry Equipment
Const - Finish Painted, Siding
Covered Parking Spcs 0.00
Lot Size Dimensions 6, 771
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 Backup Average in 85007

Price
AVG $530K
$400K
Taxes
AVG $1,258
$485
Visits
AVG 24
35
Year Built
AVG 1934
1920

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