Address
901-905 S 2Nd Avenue Phoenix, AZ
Price
$ 1,475,000
Property Attributes
  • MLS#6317122
  • TypeBackup
  • CountyMARICOPA
  • CityPhoenix
  • Zip85003
  • Style
  • Year Built1984
  • Taxes$ 1980
  • Price$ 1,475,000
  • Bedrooms16
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage5200
Listing Provided Courtesy Of:
ABI Multifamily
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

Come see this completely renovated, 8 unit cash-flowing property (two separate parcels - residential financing available). Selling at over a 5 Cap on actuals and being located in one of the most high demand neighborhoods in Phoenix, this won't last long. These 2 bed/1 bath units have been fully renovated with laundry hookups. This neighborhood is on fire with new build construction, the expansion of the light rail system, and the Alta Warehouse project just feet away. Walk into downtown and enjoy all of the wonderful dining and entertainment options that make Phoenix so great. Residential Financing available. New roof on 905. 6 of 8 AC units have been replaced recently, the other two are in good, working condition. This stabilized asset is one you won't want to miss.

Price History
11/5/2021 Listed $1,475,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 1150.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Wood
Cooling Electric
Electric APS
Features No Pool
Gas Y/N None
Heating Electric
Map Code/Grid Q34
Net Income 91600.00
New Financing 1031 Exchange, Conventional, CTL
Owner Pays Sewer, Trash Collection, Water
Parking >1 Space Per Unit, Street Parking
Property Type F
Public Remarks Come see this completely renovated
Roof Comp Shingle
School District 001 - Phoenix Elementary District
Sewer Sewer - Public
Status Active
Tenant Pays Electric
Water City Franchise
Year Built 1984
Zoning C-1

Interior Features

2 Bedroom Units: # 2 Bedroom Units 8
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 650
Appliances Included BI Oven/Range, Refrigerator
Floors Ceramic Tile
Total Number of Units 8.00

Exterior Features

Sale Includes Land & Building
Const - Finish Stucco
Covered Parking Spcs 0.00
Lot Size Dimensions unknown
Total Parking Spcs 10.00

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 85003

Price
AVG $770K
$1.48M
Taxes
AVG $4,473
$1,980
Visits
AVG 63
36
Year Built
AVG 1974
1984

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