1714 N 32nd Street, Phoenix, AZ 85008

$649,000
List Price
$649,000
Status
UCB (UNDER CONTRACT-BACKUPS)
Days on Market
17
MLS#
6508813
City
Phoenix
Year Built
1950

Property Description

Amazing investment opportunity. Fully occupied 5 plex with MAXIMUM flexibility. All 5 units are month to month with below market rent. HUGE 18,000+ SF lot zoned R-3. Build on the back of the lot while you collect rents from the front or leave property as it is and cash flow. New roof (2021) and the 2BR unit was renovated in fall of 2022 with all new flooring, bathroom and kitchen. Highly desirable neighborhood for rental properties with a central location and close to Biltmore, Arcadia, the 202 freeway, Sky Harbor, and Downtown Phoenix. So much upside on this property.

Additional Information

Gross Annual Sch Inc
41457
Adjusted Gross Inc
39798
Taxes
$1,761
Annual Ins Exp
1100
Annual Mgmt Exp
1200
Annual Maint Exp
2800
Annual Water Sewer Exp
1600
Annual Trash Exp
2000
Operating Exp
10461
Net Operating Income
$30,300
Units
5
Project Type
5 - 12 Units
Construction
Brick
Roofing
Tile
Parking
<1 Space Per Unit
Cooling
Window/Wall Unit
Heating
Window/Wall Unit(s)
Floors
Concrete
Zoning
R-3
Community Amenities
No Pool
Electric
City Electric
Gas
City Gas
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Electric, Gas
New Financing
1031 Exchange, Conventional
Elementary School
Creighton Elementary School
School District
Phoenix Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

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

Listing courtesy of Silverhawk Realty.

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