Address
3818 W Portland Street Phoenix, AZ
Price
$ 350,000
Property Attributes
  • MLS#6311665
  • TypeBackup
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodWest Phoenix No 4
  • Zip85009
  • Style
  • Year Built1946
  • Taxes$ 1159
  • Price$ 350,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage1692
Listing Provided Courtesy Of:
Urban Luxe Real Estate
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

3816 and 3818 W Portland street are being sold in conjunction ($700,000) for both. These provide great opportunity, whether you are looking for a turn key investment or a property with room for improvement. The complex is in a central location that provides easy access to the i-10, downtown phoenix, and the airport, making it very desirable for a wide range of tenants. On the property, you will find 4 1bed/1bath units, a 2bed/1bath unit, and a 3bed/2bath unit. Not only is this property fully occupied, the property has gone under major renovations tackling big ticket items totaling over $125,000.The gross income on 3818-3816 is $54,600, vacancy allowance of 5% ($2,730), insurance estimate is $2,174, property tax is $1,438, w/s/g is an estimated $3032. Netting $45,227 (6.4% cap)

Elementary School Middle School
Isaac Middle School Isaac Middle School
Price History
10/23/2021 Listed $350,000

General Features

1 Bedroom Units: Avg Rent 675.00
2 Bedroom Units: Avg Rent 750.00
3 Bedrooms Units: Avg Rent 975.00
3 Bedrooms Units: Avg Sqft 803
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Wood
Cooling Ceiling Fan(s), Electric, Window/Wall Unit
Electric APS
Elementary School Isaac Middle School
Exterior Features Desert Landscaping, Fenced, Green Landscaping
Features No Pool
Gas Y/N None
Heating Electric
Interior Features Unfurnished
Map Code/Grid Q33
Middle School Isaac Middle School
Net Income 23527.00
New Financing 1031 Exchange, Conventional
Owner Pays Sewer, Trash Collection, Water
Parking 1 Space/Unit, Street Parking
Property Type F
Public Remarks 3816 and 3818 W Portland street are being sold in conjunction ($700, 000) for both. These provide great opportunity
Roof Comp Shingle
School District 005 - Isaac Elementary District
Sewer Sewer - Public
Status Active
Subdivision WEST PHOENIX NO 4
Tenant Pays Cable TV, Electric
Water City Franchise, Master Meter
Year Built 1946
Zoning [R-6]

Interior Features

1 Bedroom Units: # 1 Bedroom Units 1
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 300
2 Bedroom Units: # 2 Bedroom Units 1
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 589
3 Bedrooms Units: # 3 Bedroom Units 1
3 Bedrooms Units: # Baths 2
Appliances Included F/S Oven/Range, Refrigerator, Washer/Dryer
Floors Carpet, Ceramic Tile
Total Number of Units 3.00

Exterior Features

Sale Includes Land & Building
Const - Finish Stucco
Covered Parking Spcs 0.00
Lot Size Dimensions 6460
Total Parking Spcs 3.00

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 85009

Price
AVG $320K
$350K
Taxes
AVG $1,626
$1,159
Visits
AVG 23
27
Year Built
AVG 1955
1946

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