1741 W Desert Cove Avenue Unit 4-6, Phoenix, AZ 85029

$566,000
Sold Price
$566,000
List Price
$575,000
Status
CLOSED
Closing Date
Mar 19, 2024
Days on Market
92
MLS#
6641995
City
Phoenix
Year Built
1950

Property Description

Completely renovated 3 unit complex nestled in the heart of Phoenix, AZ. Very low vacancy. Interiors of all 3 units have been completely, with possible value add with improvements to the exterior. There are two 2 bed 1 bath units and one 1 bed 1 bath unit. Each unit has their own private backyard. conveniently located near parks, schools, and shopping centers, providing both tranquility and accessibility, with mountain views! Current rents are 2/1 - $1,173.00. 1/1 - $1,032.00 (rent increasing to $1,300 1/1/2024, this unit is subsidized by section 8. currently section 8 pays $717 and tenant pays $315.00) Seller currently resides in one of the 2/1, but rent could be $1,600.

Additional Information

Taxes
$946
Net Operating Income
$19,341
Cap Rate
3.36
Units
3
Flooring
Ceramic Tile
Parking Features
<1 Space Per Unit, Street Parking
Construction
Painted, Block
Roofing
Built-Up
Cooling
Wall/Window Unit(s)
Heating
Window/Wall Unit(s), Floor Furnace, Wall Furnace
Zoning
R3
Subdivision
Desert Cove
Community Features
No Pool
Electric
APS
Water
Master Meter
Sewer
Public Sewer
Tenant Pays
Gas, Electricity, Cable TV
New Financing
Conventional, 1031 Exchange, FHA
Elementary School
Alta Vista Elementary School
High School
Sunnyslope High School
School District
Glendale Union High School District

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of ES Realty. Selling Office: Keller Williams Integrity First.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.