1527 W Fillmore Street, Phoenix, AZ 85007

$2,000,000
List Price
$2,000,000
Status
ACTIVE
Days on Market
14
MLS#
6492410
City
Phoenix
Lot Size
1
Year Built
1999

Property Description

Seven at Fillmore is a seven unit apartment complex built in the early 1900s to late 1999. Has been updated been updated and remodeled in recent years. The property just had new electrical panels with permits and will be completed before close of escrow. Several of units are currently furnished and being used as short term rentals. Unit mix (2 )two bedroom (1 )bath units three one bedroom ( 1) bath units and (2) studios. On site laundry that is seller owned. With short term rentals proforma can be close to a 6% cap. Currently rent roll Unit #1 2500 short term furnished 2 bed #2 3200 furnished lease July 2023 1 bed #3 2500 furnished short term 1 bed #4 900 month to month studio # 5 2500 short term furnished 2 bed #6 1100 month to month '1 bed #7 750 month to month studio All facts and figures are approximate buyer verify MLS information Drive by only tenants are unaware of sale. Seller may entertain a carry back with 30-40% down 5% rate up to 5 years Seller holds an active real estate license in FL

Additional Information

Gross Annual Sch Inc
161400
Adjusted Gross Inc
153330
Taxes
$1,176
Annual Ins Exp
1800
Annual Mgmt Exp
6500
Annual Maint Exp
4000
Annual Elec Exp
15000
Annual Water Sewer Exp
4000
Annual Trash Exp
2000
Annual Landscape Exp
1200
Operating Exp
35676
Net Operating Income
$117,654
Units
7
Project Type
5 - 12 Units
Construction
Block
Roofing
Comp Shingle
Parking
>1 Space Per Unit, Add'l Parking Avail, Free, Street Parking
Cooling
Electric, Heat Pump, Window/Wall Unit
Heating
Electric
Floors
Wood
Interior Amenities
Drapes, Fire/Smoke Alarm(s), Unfurnished
Exterior Amenities
Green Landscaping, Landscape Wtr System, Partially Fenced, Patio/Balcony, Security Light(s)
Zoning
M-H
Subdivision
West Lawn Annex
Community Amenities
No Pool
Electric
APS
Gas
None
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
None
New Financing
1031 Exchange, Conventional, Seller May Carry
School District
Phoenix Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of Grace CRE.

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.