1505 E Oak Street, Phoenix, AZ 85006

$810,000
List Price
$810,000
Status
ACTIVE
Days on Market
81
MLS#
6657121
City
Phoenix
Year Built
1957

Property Description

The 1505 E Oak Street tripex offering is open to anyone looking to owner occupy a fully turnkey multifamily dwelling or for the traditional multifamily investor. The Seller of 1501 is also selling 1501, 1509, 1521, 1527 & 1527 E Oak Street as well each of which are individual triplexes. Each one of these triplexes are set to be sold individually or as a package. Each triplex offers a unit mix of (100%) 2-bedroom / 1-bathroom units. Each unit is individually metered for electricity. Capital Improvement Summary: Renovations were started in 2022 and and completed in 2023. Exterior remodel consist of modern paint colors, installation, new roofs and desert landscaping. The interiors of all units feature new vinyl flooring, stainless steel appliances, , updated counter tops and in-suit W/D.

Additional Information

Taxes
$1,133
Net Operating Income
$42,800
Cap Rate
5.28
Units
3
Flooring
Vinyl
Parking Features
>1 Space Per Unit
Construction
Painted, Block
Roofing
Composition
Cooling
Ceiling Fan(s)
Heating
Electric
Zoning
R-4
Subdivision
Ranchitos Bonitas Lots 1-4
Community Features
No Pool
Electric
Master Meter, Individual Meter
Water
City Franchise
Sewer
Public Sewer
Tenant Pays
Electricity
New Financing
Conventional, FHA
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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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of ABI Multifamily.

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.