3123 W Almeria Road, Phoenix, AZ 85009

$1,200,000
List Price
$1,200,000
Status
ACTIVE
Days on Market
10
MLS#
6197890
City
Phoenix
Year Built
1966

Property Description

Northwest Apartments is centrally located just West of downtown Phoenix. Two 4 plex's on separate parcels but need to be sold together. 3123 and 3121 W Almeria. The sale includes two parcels: 108-26-107C and 108-26-108C. There are eight uncovered spaces plus ample street parking. All units are one bedroom one bath units and current rental rates are averaging 850 but room to raise to 950. Current proforma cap with raised rents are 5.5 cap. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale.

Additional Information

Gross Annual Sch Inc
91200
Adjusted Gross Inc
86640
Taxes
$2,791
Annual Ins Exp
2400
Annual Mgmt Exp
4560
Annual Maint Exp
4000
Annual Water Sewer Exp
3500
Annual Trash Exp
2500
Operating Exp
19751
Net Operating Income
$66,934
Units
8
Project Type
5 - 12 Units, Four Plex
Pool
Yes
Guest House SqFt
8
Construction
Block
Roofing
Comp Shingle
Parking
1 Space/Unit, Street Parking
Cooling
Evaporative, Individual
Heating
Ceiling Fan(s), Electric, Individual, Window/Wall Unit(s)
Floors
Concrete, Vinyl/Composition
Interior Amenities
Unfurnished
Exterior Amenities
Cable TV Available, Desert Landscaping
Zoning
R-4
Subdivision
Northwest Homesites 2 Blks 20-26
Electric
APS
Gas
SW Gas
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Cable TV, Electric, Gas
New Financing
Conventional, Wraparound
School District
210 - Phoenix Union High School District

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 Grace CRE.

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.