3140 E Glenrosa Avenue, Phoenix, AZ 85016

$1,389,000
List Price
$1,389,000
Status
ACTIVE
Days on Market
16
MLS#
6491688
City
Phoenix
Lot Size
6
Year Built
1962

Property Description

Gorgeous Ralph Haver designed multi family complex of ALL 2/2s with washer/dryers right smack dab in Biltmore and Arcadia! Don't miss out on this wonderfully updated NO HOA investment that will continue to embody all of the Southwest charm that people are looking for. PROFORMA DISPLAYS PROPOSED INCOME BASED ON COMPARABLES IF OPERATED AS A STR INCLUDING A CONSERVATIVE ESTIMATE OF 15% VACANCY RATE.. It has been rented traditionallyWalk to numerous dining destinations, shopping, parks and nightlife. All units metered fully separately. This property checks all the boxes to be run as a profitable short term rental. There is even room for a pool! Don't miss out. The possibilities are limitless...the potential boundless ...and a strong ROI A CERTAINTY

Additional Information

Gross Annual Sch Inc
128000
Adjusted Gross Inc
108800
Taxes
$3,139
Annual Ins Exp
880
Annual Maint Exp
1000
Annual Elec Exp
3600
Annual Water Sewer Exp
500
Annual Landscape Exp
500
Operating Exp
9619
Units
3
Project Type
Tri-Plex
Construction
Block
Roofing
Comp Shingle
Parking
>1 Space Per Unit, Assigned, Carport, Free, Paved Parking
Cooling
Central A/C
Heating
Electric
Floors
Carpet, Ceramic Tile
Interior Amenities
Breakfast Bar, Unfurnished
Exterior Amenities
Desert Landscaping, Fenced, Landscape Wtr System, Partially Fenced, Patio/Balcony
Zoning
R-3
Community Amenities
No Pool
Electric
Individual Meter, SRP
Gas
SW Gas
Water
City Franchise, Individual Meter, Other, See Remarks
Sewer
Sewer - Public, Sewer-In & Connected
Tenant Pays
None
New Financing
1031 Exchange, Conventional
Elementary School
Madison Elementary School
Middle School
Madison Park School
High School
Camelback High School
School District
Phoenix 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 Delex Realty.

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.