2612 W Pierson Street, Phoenix, AZ 85017

$600,000
List Price
$600,000
Status
ACTIVE UNDER CONTRACT
Days on Market
10
MLS#
6728536
City
Phoenix
Year Built
1961

Property Description

Fully renovated Triplex! Brand new roof July 2024. All new sewer lines under the slab to the city connection! If you know multi-family in this age category, you know almost all need new sewer lines. Updated wiring. 2 of the 3 AC units are new! New water heaters, flooring, cabinets, doors. New windows (2'' faux wood blinds). Block walls and metal security gates. Stainless steel appliances convey with property. Stack washer/dryer in each unit (conveys with property). Private courtyard with picnic table and metal umbrella. Each unit has their own private back yard (block walls/metal gates with locks). Property next to it is most recent comparable. It just sold with fewer updates. See remarks about it. Great cash flow!

Additional Information

Taxes
$1,328
Net Operating Income
$35,000
Cap Rate
5.83
Units
3
Flooring
Ceramic Tile
Parking Features
1 Space/Unit
Construction
Painted, Block
Roofing
Composition
Cooling
Central A/C
Heating
Electric
Zoning
NA
Subdivision
Altro Terrace
Community Features
No Pool
Electric
APS
Water
City Franchise
Sewer
Public Sewer
Tenant Pays
Electricity
New Financing
Conventional, VA Loan
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 My Home Group Real Estate.

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