1526 W Mckinley Street

    Phoenix, AZ 85007
    • $599,000
    • STATUS: Active Under Contract
    • ON SITE: 37 days
    • MLS #: 6001679
    Under Contract
    UPDATED: 159 min ago
    $599,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:
    Area:

    School Ratings & Info

    Description

    Townhome like apartments with large PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $5028, $60,336 yearly. 11.5% Gross cap, 100% occupied. Tenant paid utilities on RUBS!! Just remodeled. New HVAC, new electrical panel, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Awesome unit mix of 1, 3 bed x2 bath, 1, 3 bed x 1 bath, 2, 2bed x 1 bath. This area is hot and transitioning in the Art District of Roosevelt. Hurry will not last with this strong of cashflow. Could add solar and reduce bills even more or charge for storage. Pet fees are quite low as well. P.S. the tenants love having there own private yards. Happy tenant mix.

    Monthly Payment Calculator



    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-12-15T00:10:48.633.
    www.klausteam.com/homes/100628592

    1526 W Mckinley Street Phoenix, AZ 85007

    • Price: $599,000
    • Status: Active Under Contract
    • Updated: 159 min ago
    • MLS #: 6001679
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1940
    Built
    Neighborhood:
    Homestead Place
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    001 - Phoenix Elementary District
    Property Description
    Townhome like apartments with large PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $5028, $60,336 yearly. 11.5% Gross cap, 100% occupied. Tenant paid utilities on RUBS!! Just remodeled. New HVAC, new electrical panel, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Awesome unit mix of 1, 3 bed x2 bath, 1, 3 bed x 1 bath, 2, 2bed x 1 bath. This area is hot and transitioning in the Art District of Roosevelt. Hurry will not last with this strong of cashflow. Could add solar and reduce bills even more or charge for storage. Pet fees are quite low as well. P.S. the tenants love having there own private yards. Happy tenant mix.
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedStuccoSiding Covered Parking Spaces 4.00 Exterior Amenities Desert LandscapingFencedCable Tv AvailablePatio/BalconySeparate Storage Lot Size Dimensions 6250 Sqft Parking CarportStreet Parking Roads Asphalt/Blacktop Roofing Comp ShingleFoam Total Parking Spaces 7.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 528 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 913 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorDishwasherDisposalMicrowaveWasher/DryerW/D Hookup Cooling Electric RefrigeratdIndividual2 Or More Units Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileWood Heating GasHeat Pump Interior Amenities Drapes

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1077.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 1437.00 3 Bedroom Units 2 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 250.00 Annual Legal And Acctg 0.00 Annual Maint Exp 1800.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities No PoolOther (See Remarks) Cross Street Roosevelt & 15th Ave Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas Sw Gas Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 49286.00 New Financing FhaConventional1031 ExchangeVa Operating Exp 2927.00 Other Income 0.00 Owner Pays Landscaping Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By OwnerProjected Proforma Special Owner/Agent Tax Municipality Phoenix Taxes 877.00 Tenant Pays WaterSewerElectricGasTrashCable Tv UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water Master Meter Zoning R5

    Listing courtesy of Gentry Real Estate.


    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-12-15T00:10:48.633.
     
    The Kenny Klaus Team | Keller Williams Integrity First
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