1005 S 1st Avenue, Phoenix, AZ 85003

$579,000
List Price
$579,000
Status
ACTIVE
Price Change
▼ $15,900 1716936780
Days on Market
75
MLS#
6677642
City
Phoenix
Year Built
1954

Property Description

Perfect multi-family home in the heart of downtown Phoenix. Steps from the light rail, ballgames and entertainment this estate boasts all of the Phoenix charm that one would want. Ideal for an investor, this home has the potential to generate consistent solid income. It is also ideal for an owner wanting to reside on the property while offsetting expenses with a tenant OR a larger family looking for a huge in-law unit to accompany the primary. This updated multi-family property truly has limitless possibilities with NO HOA! Both units have their own washer/dryer/hot water heater etc...

Additional Information

Taxes
$725
Net Operating Income
$1,595
Cap Rate
0.26
Units
2
Flooring
Carpet, Ceramic Tile
Parking Features
<1 Space Per Unit, Common
Construction
Painted, Slump Block
Roofing
Composition
Cooling
Electric
Heating
Electric, Natural Gas
Zoning
M-H
Subdivision
Montgomery Add Amd Blks 75, 83, 84, 91, 99-102
Community Features
No Pool
Electric
City Electric
Water
City Franchise
Sewer
Public Sewer
Tenant Pays
See Remarks
New Financing
Conventional, 1031 Exchange, VA Loan
School District
Phoenix Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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

Listing courtesy of DeLex Realty.

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