Properties
Phoenix, AZ 85040 301 E SOUTHERN Avenue E
$899,990
0 more
Presented By: HomeSmart; 602-230-7600
Home Details
THIS INCOME-PRODUCING PROPERTY FEATURES A TOTAL OF 7 RESIDENTIAL UNITS, FOURPLEX HAS 3 UNITS 1 BEDROOM 1 BATH AND ONE STUDIO. TRIPLEX(FRONT BUILDING) HAS 2 UNITS WITH 2 BEDROOMS 1 BATH AND ONE 1 BEDROOM 1 BATH.
THE PROPERTY OFFERS PAVED PARKING FOR RESIDENTS AND A GAZEBO AS A COMMON AREA FOR RELAXATION AND COMMUNITY GATHERING. CENTRALLY LOCATED, IT PROVIDES EASY ACCESS TO SHOPPING, BUS AND LIGHT RAIL ROUTES, MAKING COMMUTING CONVENIENT. THE PROPERTY IS APPROXIMATELY 6 MILES FROM THE AIRPORT AND 5 MILES FROM DOWNTOWN PHOENIX, MAKING IT AN IDEAL LOCATION FOR TENANTS SEEKING CONVENIENCE AND ACCESSIBILITY.
TOTAL MONTHLY RENT COLLECTED IS $4825.00
2 BUILDINGS 7 UNITS.
RENTS ARE BELOW MARKET RENTS.
ALL TENANTS ARE MONTH TO MONTH.
DO NOT DISTURB TENANTS.
Presented By: HomeSmart; 602-230-7600
Interior Features for 301 E SOUTHERN Avenue E
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile, Laminate, Vinyl
Heating Y/NYes
General for 301 E SOUTHERN Avenue E
Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.96
Carport Y/NNo
CityPhoenix
Community FeaturesBarbecue
Construction MaterialsWood Frame, Stucco
CoolingCeiling Fan(s), Electric
CountyMaricopa
DirectionsCENTRAL AVENUE TURN EAST ON SOUTHERN TO 3RD STREET TURN NORTH. PROPERTY IS ON THE NORTHWEST CORNER OF SOUTHERN AND 3RD STREET
DisclosuresNone
ElectricIndividual Meter
Electric Expense0.0
Elementary School DistrictRoosevelt Elementary District
Fuel Expense2174.0
Garage Y/NNo
Gross Income57321.0
HeatingIndividual
High School DistrictPhoenix Union High School District
Insurance Expense1445.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense3434.0
MobileHomeRemainsYNNo
Net Operating Income44667.0
New ConstructionNo
New Financing: ConventionalTrue
Number Of Units Total7
Occupancy TypeTenant
Open Parking Spaces18.0
Operating Expense17298.0
OwnerPaysWater
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofTile
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount1174.0
Tax LotN/A
Tax Year2024
Township1N
Water Sewer Expense6071.0
Year Built1918
ZoningR-5
Exterior for 301 E SOUTHERN Avenue E
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions87 FRONT 187 DEPTH 197 WEST SIDE 191 EAST SIDE
Number of Buildings2
Parking Features>1 Space Per Unit
Road Surface TypeConcrete, Gravel
SpaNo
Total Parking18.0
Water SourceCity Franchise
Additional Details
Price History
