2228 N 20th Street, Phoenix, AZ 85006
- $725,000
- 6
- BD
- 4
- BA
- List Price
- $725,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 7070756
- City
- Phoenix
- Bedrooms
- 6
- Bathrooms
- 4
- Year Built
- 1963
Property Description
Great investment opportunity in the heart of Phoenix! Features 4 units: a 2-bedroom/1-bath home with front and back yards and a driveway rented at $1,550/month, plus 3 units in a separate building--a studio ($950/month), 1-bedroom/1-bath ($1,000/month), and 2-bedroom/1-bath ($1,500/month). Total rents are $5,000/month. New roof in 2021. New exterior paint in 2026. Tenants pay gas/electric. Owner pays water, sewer, and trash. Drive by only. Do NOT disturb tenants. Property will be shown after accepted LOI/Contract.
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Additional Information
- Taxes
- $1,096
- Net Operating Income
- $47,464
- Cap Rate
- 6.55
- Units
- 4
- Flooring
- Other
- Parking Features
- Carport, On Street, >1 Space Per Unit
- Construction
- Wood Frame, Slump Block, Painted, Stucco
- Roofing
- Composition
- Cooling
- Central Air, Electric, Varies by Unit, Gas
- Heating
- Electric, Natural Gas
- Zoning
- C-1
- Subdivision
- East Roselawn Heights
- Community Features
- No Pool
- Electric
- APS, Individual Meter, SRP
- Water
- Master Meter, City Franchise, Individual Meter
- Tenant Pays
- Electricity, Gas
- New Financing
- VA Loan, FHA, Conventional, 1031 Exchange, No Carry, Cash
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Listing courtesy of Compass.
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