1607 W Peoria Avenue, Phoenix, AZ 85029

$729,950
List Price
$729,950
Status
ACTIVE
Days on Market
18
MLS#
6491191
City
Phoenix
Year Built
1967

Property Description

Location, location, location!! Do not miss out on this extremely lucrative investment opportunity located on, Peoria Ave, one of the hottest rental markets Phoenix has to offer. Triplex now available in a highly desirable rental zone. Sellers have taken great pride in maintaining this building. The building has new exterior paint. Two units are 2bed/1bath and One unit is 1bed/1bath. Fully occupied with long-term tenants in place. Two-bedroom units pay $1295 and one-bedroom unit pays $1195. All tenants are MTM. There is still room for rental increase. Units have Washer/Dryer hookups & separate yards. Duplex also available for sale two doors down - MLS # 6491193. Please reach out to obtain an OM and complete list of capital improvements. Do not disturb tenants, drive by only.

Additional Information

Gross Annual Sch Inc
45420
Adjusted Gross Inc
43149
Taxes
$625
Annual Ins Exp
780
Annual Water Sewer Exp
2040
Operating Exp
3445
Net Operating Income
$41,975
Units
3
Project Type
Tri-Plex
Construction
Brick
Roofing
Comp Shingle
Parking
>1 Space Per Unit, Street Parking
Cooling
Central A/C
Heating
Central
Floors
Ceramic Tile, Other
Exterior Amenities
Desert Landscaping, Fenced, Separate Storage
Zoning
[R-3] [M-M]
Subdivision
Skycrest
Community Amenities
No Pool
Electric
APS, Individual Meter
Gas
SW Gas
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Electric, Gas
New Financing
1031 Exchange, Conventional
School District
Glendale 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 Better Homes & Gardens Real Estate SJ Fowler.

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.