2615 W Morten Avenue, Phoenix, AZ 85051
- $475,000
- List Price
- $475,000
- Days on Market
- 16
- Status
- UCB (UNDER CONTRACT-BACKUPS)
- MLS#
- 6178364
- City
- Phoenix
- Subdivision
- Vista Income Estates Unit 5
- Year Built
- 1955
Property Description
This fourplex is priced to Sell! The owner is looking to sell this gem quick. This is a value add opportunity! Neighboring Comps are selling at 600 for 4 units, or recently sold 530 for 3 units. Potential is here or cash flow is great at starting, bring an offer! Currently no PM so if new owner did not use Property management property would be roughly 7.5 CAP at asking! See document tab for Offering Memorandum.
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Additional Information
- School District
- 210 - Phoenix Union High School District
- Construction
- Frame - Wood
- Cooling
- 2 or More Units, Central A/C, Window/Wall Unit
- Electric
- APS
- Finish
- Painted, Stucco
- Floors
- Ceramic Tile
- Gas
- None
- Guest House SqFt
- 10
- Heating
- Heat Pump
- New Financing
- No Carry
- Parking
- >1 Space Per Unit
- Project Type
- Four Plex
- Roofing
- Comp Shingle
- Sewer
- Sewer - Public
- Pool
- Yes
- Subdivision
- Vista Income Estates Unit 5
- Taxes
- $1,620
- Tenant Pays
- Electric
- Units
- 4
- Water
- City Franchise
- Zoning
- R-3
- Gross Annual Sch Inc
- 47400
- Adjusted Gross Inc
- 45030
- Annual Ins Exp
- 1000
- Annual Mgmt Exp
- 3602
- Annual Maint Exp
- 2000
- Annual Water Sewer Exp
- 3863
- Annual Trash Exp
- 1420
- Operating Exp
- 13506
- Net Operating Income
- $31,523
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Listing courtesy of S.J. Fowler Real Estate, Inc..
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.