1538 W Peoria Avenue, Phoenix, AZ 85029

$695,000
List Price
$695,000
Status
UCB (UNDER CONTRACT-BACKUPS)
Days on Market
45
MLS#
6402340
City
Phoenix
Year Built
1971

Property Description

1538 W Peoria Ave is a garden-style apartment building built in 1971 that has been fully renovated with new vinyl-plank flooring throughout, all-new kitchen appliances, kitchen cabinets, in-suite washers & dryers, as well as updated bathrooms. It is currently fully occupied. The unit mix is (2) 1 bedroom / 1 bathroom & (2) 2 bedroom / 1 bathroom units. ~5.8% CAP rate on trailing 3 financials. Property is on a quiet street and has easy access to the I-17 Freeway. All Units are individually metered for Electricity. Property is fully occupied, drive by tours only until contract acceptance.

Additional Information

Gross Annual Sch Inc
59760
Other Income
2720
Adjusted Gross Inc
59356
Taxes
$1,370
Operating Exp
1370
Net Operating Income
$42,386
Units
4
Project Type
Four Plex
Construction
Block
Roofing
Comp Shingle
Parking
>1 Space Per Unit
Cooling
Individual
Heating
Individual
Floors
Vinyl
Interior Amenities
Unfurnished
Exterior Amenities
Desert Landscaping
Zoning
R-3A
Subdivision
Desert Cove Extension Lots 1-4, 13-20, 29-32
Community Amenities
No Pool
Electric
Other (See Remarks)
Gas
Other (See Remarks)
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Electric
New Financing
Conventional, FHA
School District
205 - Glendale Union High School District

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 ABI Multifamily.

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