1812 N 31ST Place

    Phoenix, AZ 85008
    • $599,000
    • STATUS: Active
    • ON SITE: 42 days
    • MLS #: 5988481
    UPDATED: 32 min ago
    $599,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1972
    County:
    Area:

    School Information

    Description

    Desirable unit mix featuring a majority two and three-bedroom floorplans. Unit interiors are lightly renovated and community space leaves an opportunity to enhancevisual appeal, security systems and laundry facilities for the next investor. Located 1.3 miles from loop 202 Expressway allowing for convenient transit to the downtown and midtown phoenix employment corridors. Only slightly further to Highway 51, allowing quick access to the Biltmore and North Phoenix. Room for significant operational improvement.Without significant capital expense, the property isanticipated to stabilize at a 7.24% cap rate basedon the pro forma when compared to the offeringprice.

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    © 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 2019-11-19T13:11:42.927.
    www.klausteam.com/homes/99663686

    1812 N 31ST Place Phoenix, AZ 85008

    • Price: $599,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 5988481
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1972
    Built
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Creighton Elementary School
    Middle School:
    Creighton Elementary School
    High School:
    Camelback High School
    School District:
    014 - Creighton Elementary District
    Property Description
    Desirable unit mix featuring a majority two and three-bedroom floorplans. Unit interiors are lightly renovated and community space leaves an opportunity to enhancevisual appeal, security systems and laundry facilities for the next investor. Located 1.3 miles from loop 202 Expressway allowing for convenient transit to the downtown and midtown phoenix employment corridors. Only slightly further to Highway 51, allowing quick access to the Biltmore and North Phoenix. Room for significant operational improvement.Without significant capital expense, the property isanticipated to stabilize at a 7.24% cap rate basedon the pro forma when compared to the offeringprice.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Lot Size Dimensions 73 X 166 Parking Carport Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 12.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Other (See Remarks) Cooling Individual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 1 Floors CarpetCeramic Tile Heating Individual Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 965.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 1100.00 3 Bedroom Units 2 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 62604.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1200.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1714.00 Annual Legal And Acctg 723.00 Annual Maint Exp 2772.00 Annual Mgmt Exp 3420.00 Annual Other Expense 574.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 1200.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 5141.00 Community Amenities No Pool Cross Street Mcdowell & 32Nd Street Efficiency Unit Avg Rent 695.00 Efficiency Units 2 Electric Srp Gas Sw Gas Gross Annual Sch Inc 66240.00 Hoa YN No Mobile Home Park Total Number Spaces 12 Net Operating Income 47073.00 New Financing Conventional Operating Exp 18389.00 Other Income 360.00 Owner Pays Other (See Remarks) Project Type 5 - 12 Units Sale Includes Land & BuildingOther (See Remarks) Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1645.00 Tenant Pays Other (See Remarks) Vacancy Allowance 0.06 Water Individual MeterOther (See Remarks) Zoning M-M

    Listing courtesy of Platinum Living Realty.


    © 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 2019-11-19T13:11:42.927.
     
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