1606 W Taylor Street, Phoenix, AZ 85007

$790,000
List Price
$790,000
Status
ACTIVE
Price Change
▼ $90,000 1656458676
Days on Market
14
MLS#
6420124
City
Phoenix
Lot Size
1
Year Built
1944

Property Description

Brand new remodeled fourplex with great rents. Townhome like apartments with PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $6,078, $72,936 yearly. 9.23% Gross Cap Rate, Tenant paid utilities on RUBS!! New HVAC in the 3 of the 4 units, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Unit mix of 2, 2 bed x1 bath, 2, 1 bed x 1 bath. 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.

Additional Information

Gross Annual Sch Inc
64416
Other Income
8520
Adjusted Gross Inc
72936
Taxes
$1,671
Annual Elec Exp
2400
Annual Water Sewer Exp
1560
Annual Landscape Exp
1440
Operating Exp
7071
Net Operating Income
$67,536
Units
4
Project Type
Four Plex
Construction
Block, Frame - Wood
Roofing
Comp Shingle
Parking
>1 Space Per Unit, Carport, Paved Parking
Cooling
Ceiling Fan(s), Electric
Heating
Electric
Floors
Ceramic Tile
Interior Amenities
Fire/Smoke Alarm(s)
Exterior Amenities
Desert Landscaping, Fenced
Zoning
R5
Subdivision
East Oakland
Community Amenities
No Pool
Electric
APS
Gas
SW Gas
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Cable TV
New Financing
Conventional, No Carry
Elementary School
Capitol Elementary School
Middle School
Phoenix Prep Academy
High School
Phoenix Union Bioscience High School
School District
210 - Phoenix Union High School District

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Listing courtesy of Gentry Real Estate.

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