Properties
Phoenix, AZ 85034 2440 E MONROE Street
$859,000
2 more
Presented By: Open House Realty; 623-299-4954
Home Details
Fantastic location within walking distance to the light rail, close to the airport and downtown Phoenix. Exterior freshly painted, new roofs, laundry in 4 of the 5 units, 2 of the a/c units are new and brand new tankless hot water heaters. Each of the units have had improvements upon vacancy such as: tiled flooring, tiled showers, backsplash and interior paint. Property is individually metered for electric. Lots of investor development in this area!
Presented By: Open House Realty; 623-299-4954
Interior Features for 2440 E MONROE Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Electric On Property Y/NNo
FlooringCeramic Tile, Vinyl
Heating Y/NYes
Street SuffixStreet
General for 2440 E MONROE Street
Additional Parcels Y/NNo
Attached Garage No
Buyer Agent Compensation2.00
Buyer Agent Compensation Type%
Cap Rate7.65
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsSiding, Painted, Block, Frame - Wood
Cooling2 or More Units, Central A/C
CountyMaricopa
Current FinancingNot Applicable
Days on Market79
DirectionsEast on Van Buren St, South on 24th St, West on Monroe St, subject property on the left.
DisclosuresNone
ElectricAPS, Individual Meter
Electric Expense0.0
Elementary School DistrictWilson Elementary District
Fuel Expense0.0
Garage Y/NNo
Gross Income76800.0
HeatingElectric
High School DistrictPhoenix Union High School District
Insurance Expense1302.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet0.0
MaintenanceExpense700.0
MobileHomeRemainsYNNo
Net Operating Income67236.07
New FinancingTrue
New_sp_Financing_co_Conventional5True
Occupancy DescriptionTenant
Open Parking Spaces5.0
Operating Expense9563.94
OwnerPaysWater, Landscaping
OwnershipFee Simple
Percent OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Street NameMONROE
Subdivision NameHIALEAH
Tax Annual Amount2154.0
Tax Lot4
Tax Year2023
Tenant PaysElectricity, Cable TV
Total Units5
Township1N
Trash Expense0.0
View Y/NNo
Water Sewer Expense4907.94
Year Built1940
ZoningR4
Exterior for 2440 E MONROE Street
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions7754
Lot Size Acres0.0
Lot Size Area0.0
Number of Buildings2
Open Parking Y/NNo
Parking Features1 Space/Unit
Road Surface TypeAsphalt
SpaNo
Total Parking5.0
Water SourceCity Franchise, Master Meter
Additional Details
Price History
