5206-5208 S 11th Avenue, Phoenix, AZ 85041

$480,000
List Price
$480,000
Status
ACTIVE
Days on Market
15
MLS#
6705110
City
Phoenix
Year Built
1957

Property Description

Fantastic opportunity to own a fully occupied turnkey duplex with low maintenance and individually metered utilities, including water. This property features two side-by-side, spacious 2-bedroom, 1-bathroom units, ideal for potential condominium conversion. $3460 gross monthly rent. Huge backyards with fenced gates for RV/boat access. Desirable neighborhood with abundant new construction and upcoming projects. Walkthrough available after contract acceptance only. Strictly Drive-by only. Do not disturb tenants.

Additional Information

Taxes
$845
Net Operating Income
$33,600
Cap Rate
7
Units
2
Flooring
Ceramic Tile, Vinyl
Parking Features
>1 Space Per Unit
Construction
Stucco, Frame - Wood
Roofing
Composition
Cooling
Electric
Heating
Electric
Zoning
Residential
Subdivision
Highland Park Sub Plat 5
Community Features
No Pool
Electric
SRP, Individual Meter
Water
Individual Meter
Sewer
Public Sewer
Tenant Pays
Trash Collection, Electricity, Water, Sewer, Landscaping
New Financing
Conventional, 1031 Exchange
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 Fathom Realty.

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.