2021 W Washington Street, Phoenix, AZ 85009

$1,095,000
List Price
$1,095,000
Status
ACTIVE
Price Change
▼ $55,000 1713476987
Days on Market
18
MLS#
6685042
City
Phoenix
Year Built
1931

Property Description

Great Opportunity To Purchase This Multi-Unit Complex Just West of Downtown Phoenix. New Roof & Windows In Main House In 2018. Property Is Comprised of 4 Buildings, 1 & 2 Bedroom Units With 10 Income Producing Units/Rooms. Main House: 3 Rented Rooms That Share Kitchen and Living Area + 2 Separate Units with Private Entrance. One Unit on 2nd Floor. BLDG 1: 2 Units - Both 1 Bed 1 Bath BLDG 2: 2 Bed + Bath BLDG 3: 2 Bed + Bath. Unique Property With Solid Monthly Cash Flow of Nearly $10,000 Per Month. Some Units Are Involved With Community Bridges Veterans Program Which Includes Counseling Mentorship and On-Site Visits. Convenient Location With Easy Access to I-17 and I-10, Downtown Phoenix & Sky Harbor Airport.

Additional Information

Taxes
$1,211
Net Operating Income
$80,000
Cap Rate
6.96
Units
7
Flooring
Ceramic Tile, Vinyl
Parking Features
1 Space/Unit
Construction
Painted, Stucco, Frame - Wood
Roofing
Composition
Cooling
Individual, Wall/Window Unit(s)
Heating
Individual, Window/Wall Unit(s)
Zoning
R-3
Subdivision
Capitol Addition
Community Features
No Pool
Electric
APS
Water
City Franchise
Sewer
Public Sewer
Tenant Pays
See Remarks
New Financing
Conventional
Elementary School
Capitol Elementary School
High School
Central High School
School District
Phoenix Union High School District

Mortgage Calculator

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