Address
2838 W Melvin Street Phoenix, AZ
Price
$ 195,000
Property Attributes
  • MLS#5643735
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodWillow Addition
  • Zip85009
  • Style
  • Year Built1931
  • Taxes696
  • Price$ 195,000
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
Listing Provided Courtesy Of:
HomeSmart
Property Description

Looking to make easy money? You have found it! This property has space to legally add two more apartments, a savvy investor can make quick money with a flip or just enjoy the 10% CAP. Imagine the CAP with adding the extra units. PROFORMA OF $2150 ($850+$650+$650) The separate 3 bedroom home is currently undervalued and can easily get $850. All tenants in leases until May 2018! Laundry hook-up on site and just moments to shops and downtown! Seller is moving out of state and must sell fast! This won't last, contact us today!

Elementary School Middle School High School
J B Sutton Elementary School Isaac E Imes School Middle School Carl Hayden High School
Price History
8/8/2017 Listed $179,000

General Features

1 Bedroom Units: Avg Rent 550.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 765.00
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Wood
Listing Status Active
Net Income 17800.00
New Financing Other (See Remarks)
Owner Pays Water, Gas, Trash
Property Type F
School District 059 - Laveen Elementary District
Subdivision WILLOW ADDITION
Tenant Pays Electric, Cable TV
Type ER
Year Built 1931
Zoning r-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 2
1 Bedroom Units: # Baths 1
3 Bedrooms Units: # 3 Bedroom Units 1
3 Bedrooms Units: # Baths 1
Appliances Included F/S Oven/Range, Refrigerator
Cooling Evaporative
Electric APS
Floors Other (See Remarks)
Gas SW Gas
Heating Other (See Remarks)
Interior Features Unfurnished
Total Number of Units 3.00

Exterior Features

Sale Includes Land & Building
Complex Features Other (See Remarks)
Const - Finish Other (See Remarks)
Covered Parking Spcs 0.00
Exterior Features Fenced
Lot Size Dimensions IRR
Parking Other (See Remarks)
Roof Other (See Remarks)
Sewer Sewer - Public, Sewer-In & Connected
Total Parking Spcs 4.00
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 85009

Price
AVG $240K
$200K
Taxes
AVG $722
$696
Visits
AVG 60
146
Year Built
AVG 1956
1931
Walkscore
AVG 55
67

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