138 N 10th Avenue, Phoenix, AZ 85007

$475,000
List Price
$475,000
Status
ACTIVE
Days on Market
13
MLS#
6716483
City
Phoenix
Year Built
1911

Property Description

STEADY CASH FLOW!! Duplex located in the Woodland Historical District! There is one building, 2 one bedroom 1 bathroom units. They are approx 620 sq ft each. One Tenant is month to month. Tenants desire to stay, rents can be raised. A lot of renovations and planning are going on in this up-and-coming area! Some of the Duplex improvements include a newer water heater, newer windows, newer plumbing, newer exterior paint and property sits on two lots. Property is zoned R5. Property has paved back alley access and parking. Plenty of accessible space in the back to build additional units *Zillow has INCORRECT sqft info. Check the MLS under Multiple Dwellings for Proforma. Fireplace is not finished never used. Property is sold as is. Fantastic location in downtown Phoenix. Shopping, coffee shops. Come live on one side and rent out the other. Add more units in behind. On an entertaining note: Great restaurants including; Arrogant Butcher, Mancuso's Restaurant, The Compass, Blue Hound Kitchen & Cocktails, Bimbo's Bread and many more! Walking distance to many professional business offices, sandwich shops, parks. So much going on down in Phoenix.

Additional Information

Taxes
$689
Net Operating Income
$30,657
Cap Rate
6.45
Units
2
Flooring
Carpet, Ceramic Tile
Parking Features
Free, Add'l Parking Avail, 1 Space/Unit
Construction
Painted, Block
Roofing
Composition
Cooling
Other, See Remarks
Heating
None
Zoning
R5
Subdivision
H Grays Subdivision
Community Features
No Pool
Electric
APS, Master Meter
Water
City Franchise, Master Meter
Sewer
Public Sewer
Tenant Pays
Cable TV
New Financing
Conventional
School District
Phoenix Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
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.

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.