1829 E Virginia Avenue, Phoenix, AZ 85006

$730,000
List Price
$730,000
Days on Market
4
Status
ACTIVE
MLS#
6467791
City
Phoenix
Lot Size
4
Subdivision
Greenfield Acres
Year Built
1971

Property Description

Incredibly rare multi-family dwelling in the Phoenix metro area. This unit is priced to sell. Cash Generating 4-plex directly behind Phoenix Children's Hospital. each of the four units is a 2 bed 1 bath with tile floors, a back yard/patio area and one covered parking space per unit. Property has additional generous onsite parking. Profit generating coin operated laundry does convey. Entire building and block fence were recently painted! The building has a newer roof, newer HVAC units and newer water heaters. All tenants are currently on contract until Summer of 2023. but current rent comps show the ability to raise rents by 35% or more! With raised rents cap rate should be close to 7%!! Maintenance shed onsite for the owner to utilize.

Additional Information

School District
210 - Phoenix Union High School District
Construction
Block
Cooling
Central A/C
Electric
APS, Individual Meter
Exterior Amenities
Fenced, Patio/Balcony
Finish
Painted
Floors
Ceramic Tile
Gas
Individual Meter, SW Gas
Guest House SqFt
6
Heating
Natural Gas
Lot Size
4
New Financing
1031 Exchange, Conventional, Seller May Carry
Parking
1 Space/Unit, Carport, Street Parking
Project Type
Four Plex
Roofing
Built-Up
Sewer
Sewer - Public
Pool
Yes
Subdivision
Greenfield Acres
Taxes
$1,361
Tenant Pays
Cable TV, Electric, Gas
Units
4
Water
City Franchise
Zoning
Multi-Family

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Ensign Properties Corp.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.