1202 E Mckinley Street, Phoenix, AZ 85006

$795,000
List Price
$795,000
Status
ACTIVE
Days on Market
12
MLS#
6728015
City
Phoenix
Year Built
1936

Property Description

Here is a fantastic opportunity to own income producing property in the highly desired Garfield Historic district, in the heart of downtown Phoenix. This is an ideal location, close to the university, parks, museums, restaurants and easy access to I-10. The three enchanting1 bedroom and 1 bath homes have all been updated while maintaining their original charm. Some of the original moldings, hardwood floors, and built ins have been preserved. All units have washer and dryer. Unit three has off-street parking. Easy landscaping maintenance. Units share large backyard. There is very low vacancy with these units! Opportunity exists to increase rents on a couple of the units to provide an even greater cap rate.

Additional Information

Taxes
$1,410
Net Operating Income
$40,740
Cap Rate
5.12
Units
3
Flooring
Ceramic Tile, Wood
Parking Features
Add'l Parking Avail, Street Parking
Construction
Brick Veneer, Painted, Stucco, Frame - Wood
Roofing
Composition
Cooling
Central A/C, Heat Pump, Electric
Heating
Heat Pump, Electric
Zoning
R-3
Subdivision
Mckinley Park
Community Features
No Pool
Electric
APS
Water
City Franchise
Sewer
Public Sewer
Tenant Pays
Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
New Financing
Conventional
Elementary School
Garfield School
Middle School
Garfield 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
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Success Property Brokers.

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