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4021 E Moreland. Street

Phoenix, AZ 85008
  • $809,900
  • STATUS: Pending
  • ON SITE: 61 Days
  • MLS #: 6299702
Pending
UPDATED: 81 min ago
$809,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1970
County:
Area:

School Ratings & Info

Description

ONLY FOR SEASONED INVESTORS- 6.6 CAP RATE -Moreland 4 apartments offers an investor the opportunity to acquire a 4 unit (All units are 2BR/1BA), workforce housing apartment community that was built in 1970 and significantly renovated. The property is individually metered, extensively landscaped and has single story units. The recently completed renovation (2020) included exterior and interior paint, windows, roof, electrical and electrical panels, appliances, AC units and ductwork, plumbing, insulation, drywall, backsplash, executive closets. fans. The units also have individual private patios and front security screen doors. Phoenix Sky Harbor International Airport is approximately 2 miles due south of The Belleview 8. Camelback CorridorCamelback Corridor and Old Town Scottsdale are short drive away and the property enjoys being adjacent to the 44th Street Office Corridor. Immediate neighbors include the proposed QST Data Center Campus which is expected to be 2 million square feet upon completion, as well as Skyway 202 Business Park which is a proposed 1 million square foot flex and corporate office business park

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© 2021 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 Klaus Team Real Estate Solutions | Keller Williams Integrity First. Data last updated 2021-11-29T08:11:00.383.
www.klausteam.com/homes/121878274
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4021 E Moreland. Street Phoenix, AZ 85008

  • Price: $809,900
  • Status: Pending
  • On Site: 61 Days
  • Updated: 81 min ago
  • MLS #: 6299702
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1970
Built
Neighborhood:
Whispering Sands
County:
Maricopa
Area:
Phoenix
School District:
031 - Balsz Elementary District
Property Description
ONLY FOR SEASONED INVESTORS- 6.6 CAP RATE -Moreland 4 apartments offers an investor the opportunity to acquire a 4 unit (All units are 2BR/1BA), workforce housing apartment community that was built in 1970 and significantly renovated. The property is individually metered, extensively landscaped and has single story units. The recently completed renovation (2020) included exterior and interior paint, windows, roof, electrical and electrical panels, appliances, AC units and ductwork, plumbing, insulation, drywall, backsplash, executive closets. fans. The units also have individual private patios and front security screen doors. Phoenix Sky Harbor International Airport is approximately 2 miles due south of The Belleview 8. Camelback CorridorCamelback Corridor and Old Town Scottsdale are short drive away and the property enjoys being adjacent to the 44th Street Office Corridor. Immediate neighbors include the proposed QST Data Center Campus which is expected to be 2 million square feet upon completion, as well as Skyway 202 Business Park which is a proposed 1 million square foot flex and corporate office business park
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Lot Size Dimensions 82' X 94' Parking >1 Space Per UnitOther (See Remarks)Street Parking Roads Asphalt Roofing Built-Up

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 800 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Other (See Remarks)RefrigeratorW/D Hookup Cooling OtherSee Remarks Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other Heating OtherSee Remarks

Property Features

1 Bedroom Unit Avg Rent 1050.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1050.00 2 Bedroom Units 4 3 Bedroom Unit Avg Rent 1050.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 1050.00 4 Bedroom Units 0 Adjusted Gross Inc 56280.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 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 PoolOtherSee Remarks Cross Street Mcdowell & 40Th St Efficiency Unit Avg Rent 1050.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks)Sw Gas Gross Annual Sch Inc 56280.00 Hoa YN No Net Operating Income 53888.00 New Financing 1031 ExchangeConventionalOther (See Remarks) Operating Exp 951.00 Other Income 0.00 Owner Pays OtherSee RemarksTrash CollectionWater Project Type Four Plex Sale Includes Other (See Remarks) Sewer Other (See Remarks) Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 951.00 Tenant Pays Cable TvElectricOther (See Remarks) Vacancy Allowance 0.00 Water OtherSee Remarks Zoning R-4

Listing courtesy of Cluff Real Estate Llc.


© 2021 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 Klaus Team Real Estate Solutions | Keller Williams Integrity First. Data last updated 2021-11-29T08:11:00.383.
 
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