1533 E Adams Street, Phoenix, AZ 85034

$479,900
List Price
$479,900
Status
ACTIVE
Days on Market
11
MLS#
6215623
City
Phoenix
Year Built
1983

Property Description

100% Occupied Four Plex on a large R-5 lot with ample parking in the rear and courtyard with the ability to create a private back yard for each unit. All units are 1 bedroom, 1 bath and and most of the units have interior laundry units in the water heater closet. Currently on one water meter with the adjacent four plex, a 2nd water meter can be added through the city of Phoenix for approximately $700. Tenants pay their own electric with the exception of one unit that is the owners responsibility through the Hom Inc contract. All units are currently occupied, combined monthly income is $2,877 which is below market average. Plenty of room to improve the rental income with revised lease agreements. Tenant occupied, drive by only please. Can be purchased individually or with 1529 E Adams St.

Additional Information

Gross Annual Sch Inc
1540
Adjusted Gross Inc
1540
Taxes
$885
Annual Water Sewer Exp
1500
Operating Exp
2385
Units
4
Project Type
Four Plex
Construction
Frame - Wood
Roofing
Comp Shingle
Parking
1 Space/Unit
Cooling
Evaporative, Window/Wall Unit
Heating
Gas
Floors
Ceramic Tile
Zoning
APTS
Subdivision
Collins Addition Phoenix Blocks 23-26 17 & 27
Community Amenities
No Pool
Electric
APS
Gas
SW Gas
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Electric, Gas
New Financing
Conventional, FHA, VA
School District
000 - Out of Area

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Venture REI, LLC.

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.