929 E Weldon Avenue, Phoenix, AZ 85014

$2,000,000
List Price
$2,000,000
Status
ACTIVE
Days on Market
20
MLS#
6684624
City
Phoenix
Year Built
1981

Property Description

Uptown and Midtown adjacent, this complex is in a great location! This offering consists of three parcels located at 921, 925 and 929 E. Weldon Ave. which must be sold together. There are 8 units comprised of 2 triplexes built in 1981, a historic 1920's home and a studio cottage. The grounds are green & beautiful. There are 8 covered parking spaces & 3 uncovered spots. Each apartment has its own private rear yard & storage room with washer/dryer hook-ups. Architectural features of the historic home have been nicely preserved. The studio cottage while open, has a partition allowing for separation of living spaces. The complex feels peaceful. Roofs new in 2022. Tenants are long term, pay timely and want to stay. Leases are up. Residential financing possible. Buyer to verify facts & figures.

Additional Information

Taxes
$3,882
Net Operating Income
$104,718
Cap Rate
5.24
Units
8
Flooring
Carpet, Ceramic Tile, Vinyl
Parking Features
Add'l Parking Avail, Attached, >1 Space Per Unit, Common
Construction
See Remarks, Painted, Stucco
Roofing
Composition, Rolled/Hot Mop
Cooling
Central A/C, Electric
Heating
Central, Electric
Zoning
Each parcel R-3
Subdivision
La Punta
Community Features
See Remarks
Electric
APS, Individual Meter
Water
City Franchise, Master Meter
Sewer
Public Sewer
Tenant Pays
Electricity, Cable TV
New Financing
No Carry, Conventional, FHA, VA Loan
Elementary School
Longfellow Elementary School
Middle School
Osborn Middle School
High School
North High School
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 Spotlight Realty, LLC.

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.