1947 E Raymond Street, Phoenix, AZ 85040
- $416,900
- 4
- BD
- 4
- BA
- List Price
- $416,900
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 7074366
- City
- Phoenix
- Bedrooms
- 4
- Bathrooms
- 4
- Year Built
- 2020
Property Description
*AFFORDABLE DUPLEX PRICED THOUSANDS BELOW MARKET!* Excellent opportunity for an owner-occupant or investor. Each unit features **2 bedrooms, 2 baths and a private garage**. Both units are currently occupied on a month-to-month basis, providing flexibility for a buyer who wants to **live in one unit and rent the other--potentially reducing monthly housing costs substantially!** FHA, VA and down-payment-assistance buyers welcome. Investors benefit from existing rental income with a **6%+ estimated return** and tenants willing to extend their leases if desired. Property has been self-managed by the builder/seller. Some minor cosmetic updating and repairs would restore the property's shine and provide an opportunity to add value. Affordable multifamily ownership with income already in place.
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Additional Information
- Taxes
- $3,491
- Net Operating Income
- $28,198
- Cap Rate
- 6.76
- Units
- 2
- Parking Features
- 1 Space/Unit, Attached Garage
- Construction
- Wood Frame, Painted, Stucco
- Roofing
- Composition
- Cooling
- Central Air, Electric, Ceiling Fan(s)
- Heating
- Electric, Central
- Zoning
- R3
- Subdivision
- Progress Place
- Community Features
- See Remarks
- Electric
- SRP
- Water
- City Franchise
- Tenant Pays
- Electricity, Landscaping
- New Financing
- VA Loan, FHA, Cash
- Elementary School
- Percy L Julian School
- Middle School
- Percy L Julian School
- High School
- South Mountain High School
Courtesy of RE/MAX Excalibur.
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