10820 N 16th Avenue, Phoenix, AZ 85029
- $685,000
- List Price
- $685,000
- Status
- ACTIVE
- Price Change
- ▼ $14,950 1679612608
- Days on Market
- 11
- MLS#
- 6532497
- City
- Phoenix
- Lot Size
- 4
- Year Built
- 1984
Property Description
This Turnkey 4 plex will be a Nice Addition to Any Investors Portfolio! All units are 2 Bedrooms and 2 Bathrooms with Fireplaces and Rent Quickly! Rents in this Community are now up to $1595 Per Month! New Roof, New Appliances, New A/C's and Exterior Repainted! All Appliances are Landlord Owned and Convey with the Property. The HOA covers the Big Ticket Items: HOA paid for the New Roof and Paid for the New Exterior Paint. It also maintains the Community Pool, Parking Lot and Common Areas.3 of the 4 tenants are month to month. Rents for this building are low in comparison to what the program supports and need to be raised to current levels.The community is subject to LURA and rents are capped at $1271 on 3 of the 4 units. See attachments.There is not a Better Value in all of Phoen
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Additional Information
- Gross Annual Sch Inc
- 59662
- Adjusted Gross Inc
- 59662
- Taxes
- $1,743
- Annual Ins Exp
- 1100
- Annual Mgmt Exp
- 3472
- Annual Water Sewer Exp
- 1200
- Annual Owner Assoc Fee
- 8376
- Operating Exp
- 15891
- Net Operating Income
- $43,771
- Units
- 4
- Project Type
- Four Plex
- Construction
- Frame - Wood
- Roofing
- Built-Up, Tile
- Parking
- Carport, Paved Parking
- Cooling
- Heat Pump, Individual
- Heating
- Electric, Heat Pump, Individual
- Floors
- Carpet, Ceramic Tile, Vinyl
- Exterior Amenities
- Patio/Balcony
- Zoning
- R-3
- Subdivision
- Muy Felices Casas Lt 1-20 Tr A-G
- Community Amenities
- Barbecue, Pool
- Electric
- APS
- Gas
- None
- Water
- City Franchise
- Sewer
- Sewer - Public
- Tenant Pays
- Cable TV, Electric
- New Financing
- 1031 Exchange, Conventional, FHA, No Carry, VA
- School District
- Phoenix Union High School District
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Listing courtesy of Keller Williams Arizona Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved.