Address
1721 S 4Th Street Phoenix, AZ
Price
$ 325,000
Property Attributes
  • MLS#5600262
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Zip85004
  • Style
  • Year Built1944
  • Taxes659
  • Price$ 325,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2000
Listing Provided Courtesy Of:
My Home Group Real Estate, LLC
Property Description

8 apartments and 4 manufactured units on this property. Remodeled with new month to month leases in place. FULLY OCCUPIED - All units are filled and there is waiting list. Tenants are mostly fixed income and faithfully pay on time. Rents are an average of $442/mo with some new leases at $500 mark. Current ownership has not implemented rent increases throughout the complex, yet has prepared the tenants for the inevitable increase .... which will yield increased CAP. Not super beautiful ... just makes money. With current rents/expenses the CAP is solid 16%. PLEASE SCHEDULE APPOINTMENT TO VIEW. Seller has added coin operated laundry facility and soda machine which will convey - neither are calculated in the CAP.

Elementary School Middle School High School
Lowell Elementary School - Phoenix Lowell Elementary School - Phoenix South Mountain High School
Price History
5/4/2017 Listed $325,000

General Features

1 Bedroom Units: Avg Rent 450.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Listing Status Active
Net Income 52439.88
New Financing Conventional
Owner Pays Water, Sewer, Electric, Gas, Trash
Property Type F
School District 001 - Phoenix Elementary District
Tenant Pays Other (See Remarks)
Type ER
Year Built 1944
Zoning R-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 4
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 500
Appliances Included F/S Oven/Range, Refrigerator
Cooling Electric Refrigeratd
Electric APS
Floors Carpet, Ceramic Tile, Vinyl/Composition
Gas SW Gas
Heating Electric, Gas, Individual
Interior Features Partially Furnished
Total Number of Units 12.00

Exterior Features

Sale Includes Building(s) Only, Land & Building
Complex Features Other (See Remarks)
Const - Finish Painted, Stucco
Covered Parking Spcs 0.00
Exterior Features Fenced
Lot Size Dimensions 6333
Parking Free
Roof Comp Shingle, Metal
Sewer Sewer - Public
Total Parking Spcs 12.00
Water City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85004

Price
AVG $330K
$330K
Taxes
AVG $659
$659
Visits
AVG 177
178
Year Built
AVG 1944
1944
Walkscore
AVG 43
43

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