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.

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

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 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.