4514 N 14th Place, Phoenix, AZ 85014
- $835,000
- 4
- BD
- 3
- BA
- List Price
- $835,000
- Status
- ACTIVE UNDER CONTRACT
- Price Change
- ▼ $10,000 1787107604
- Days on Market
- 157
- MLS#
- 7020424
- City
- Phoenix
- Bedrooms
- 4
- Bathrooms
- 3
- Year Built
- 1968
Property Description
Exceptional investment opportunity in the heart of Central Phoenix. Ideally situated near the Biltmore Area and Downtown Phoenix, this gated triplex offers strong in-place income with zero vacancy and modernized interiors throughout. The property features two 1 bed / 1 bath units and one 2 bed / 1 bath unit, all thoughtfully updated while maintaining a touch of mid-century character. Tenants enjoy a private, lushly landscaped courtyard, along with semi private patios for each unit, creating a unique community-oriented living environment. Additional highlights include covered parking for three vehicles plus 3 uncovered spaces, multiple storage areas, and a shared laundry room with washer and dryer included. Each unit is separately metered for gas and electric and equipped with its own separately metered for gas and electric and equipped with its own HVAC system and water heater, minimizing owner expenses and simplifying management. Ideal for investors seeking stable cash flow, with future flexibility. Potential owner-occupant opportunity available as early as July. These opportunities do not come up often!
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Additional Information
- Taxes
- $1,359
- Net Operating Income
- $47,595
- Cap Rate
- 5.6
- Units
- 3
- Flooring
- Ceramic Tile
- Parking Features
- 1 Space/Unit, Paved, Carport, >1 Space Per Unit, Assigned
- Construction
- Block
- Roofing
- Composition
- Cooling
- Electric, Varies by Unit, Ceiling Fan(s)
- Heating
- Natural Gas, Varies by Unit
- Zoning
- R-3
- Exterior Features
- Sidewalk(s)
- Subdivision
- Victor Park
- Community Features
- No Pool
- Electric
- APS, Individual Meter
- Water
- Master Meter, City Franchise
- Sewer
- Public Sewer, Sewer-In & Connected
- Tenant Pays
- Electricity, Gas, Cable TV
- New Financing
- VA Loan, FHA, Conventional, Cash
- Elementary School
- Madison Camelview Elementary
- Middle School
- Madison Park School
- High School
- North High School
Courtesy of My Home Group Real Estate. 480-685-2760
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