1829 E VIRGINIA Avenue

Phoenix, AZ, 85006

$730,000

$730,000
Active
Active
 - For Sale
property_type
Multi-family
calendar
Built 1971
Incredibly rare multi-family dwelling in the Phoenix metro area. This unit is priced to sell. Cash Generating 4-plex directly behind Phoenix Children's Hospital. each of the four units is a 2 bed 1 bath with tile floors, a back yard/patio area and one covered parking space per unit. Property has additional generous onsite parking. Profit generating coin operated laundry does convey. Entire building and block fence were recently painted! The building has a newer roof, newer HVAC units and newer water heaters. All tenants are currently on contract until Summer of 2023. but current rent comps show the ability to raise rents by 35% or more! With raised rents cap rate should be close to 7%!! Maintenance shed onsite for the owner to utilize.
MLS® ID:
6467791
Updated:
10/1/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C
Heating
Natural Gas

Exterior/Building Features

Lot Size
4.0 acres lot
Exterior Features
Fenced, Patio/Balcony
Roof
Built-Up
Sewer
Sewer - Public

School Information

High School
210 - Phoenix Union High School District
Elementary School
001 - Phoenix Elementary District

Other Property Details

Taxes
$1361
Tax Frequency
per YEAR
Garage
No
Parking
1 Space/Unit, Carport, Street Parking
Parking Total
6.0
View
N
County
Maricopa
Water Source
City Franchise
Pool
No
Zoning
Multi-Family

 

Courtesy of Ensign Properties Corp

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Alexia Bertsatos shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data Last Updated: 1:41 PM UTC, 10/1/22.

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