339 N Laurel Avenue, Phoenix, AZ 85007

$434,000
List Price
$434,000
Status
ACTIVE
Price Change
▼ $5,000 1632451742
Days on Market
15
MLS#
6292018
City
Phoenix
Year Built
1920

Property Description

Remodeled duplex with great rents and land to build 4 more units ON R5 LOT!! Townhome like apartments with large PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $2,605, $31,260 yearly. 7.1% Gross cap, Currently in lease up. Tenant paid utilities on RUBS!! Just remodeled. New HVAC in the front unit, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Unit mix of 1, 2 bed x1 bath, 1, 1 bed x 1 bath, 2. This area is hot and transitioning in the Art District of Roosevelt. Hurry will not last with this strong of cashflow. Could add solar and reduce bills even more. Cashflow while you build the other units in the back.

Additional Information

Gross Annual Sch Inc
31260
Other Income
2500
Adjusted Gross Inc
33760
Taxes
$485
Operating Exp
485
Net Operating Income
$33,760
Units
2
Project Type
Duplex
Construction
Block, Frame - Wood
Roofing
Comp Shingle
Parking
>1 Space Per Unit
Cooling
Ceiling Fan(s), Electric
Heating
Electric
Floors
Ceramic Tile, Wood
Interior Amenities
Unfurnished
Exterior Amenities
Desert Landscaping, Fenced
Zoning
R5
Subdivision
Capitola Place
Community Amenities
No Pool
Electric
APS
Gas
None
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Cable TV, Electric, Landscaping, Sewer, Trash, Water
New Financing
Conventional, FHA, VA
Elementary School
Capitol Elementary School
Middle School
Capitol Elementary School
High School
Central High School
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 Gentry Real Estate.

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.