5139 N 22nd Avenue, Phoenix, AZ 85015

$1,175,000
List Price
$1,175,000
Status
ACTIVE
Days on Market
12
MLS#
6420723
City
Phoenix
Year Built
1982

Property Description

Here's what you have been waiting for!!! Two homes and 5 apartments! Always rented!!! This well maintained seven unit community features a slump block triplex and duplex, and two single family homes. The three bedroom home has a washer/dryer and its own back yard! The one bedroom home also has its own yard. The one bedroom units in the triplex and duplex are large and well laid out they have storage too! The homes and units are set back from the street offering privacy for the tenants. Plenty of parking too! The lot is flood irrigated keeping water costs low and make for a lush, green environment with many trees! Lots of deferred maintenance done. Lots of upgrades. This location near 22nd Avenue and Camelback is in an area of much redevelopment. In fact there is a vacant lot directly to the South, ready for new construction. On the corner of 22nd Avenue and Camelback, there is a new shopping center with a grocery store offering convenience for the residents. In addition to the close proximity to Grand Canyon University (three stoplights away!), the Light Rail at 19th Avenue and Camelback, offers tenants alternatives for commutes to all of the Valley employment and entertainment venues. All rents are month to month, making for easy rent increases. Don't wait! Call now! Please drive by only. Do not walk the property or disturb the residents as they are unaware of the sale.

Additional Information

Gross Annual Sch Inc
77640
Adjusted Gross Inc
75310
Taxes
$219
Annual Ins Exp
2689
Annual Elec Exp
250
Annual Water Sewer Exp
3180
Annual Trash Exp
2196
Operating Exp
8534
Net Operating Income
$56,526
Units
7
Project Type
5 - 12 Units
Construction
Block
Roofing
Comp Shingle
Parking
<1 Space Per Unit
Cooling
Central A/C
Heating
Electric
Floors
Ceramic Tile
Exterior Amenities
Desert Landscaping
Zoning
multi
Subdivision
Camelback Vista
Community Amenities
No Pool
Electric
SRP
Gas
None
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Electric
New Financing
Conventional, FHA, VA
School District
210 - Phoenix Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of My Home Group Real Estate.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.