Properties
Phoenix, AZ 85034 1305 E MADISON Street
$1,525,000
8 more
Presented By: Realty ONE Group; 480-315-1240
Home Details
Brand new construction. All units are 2 bedroom 2 bath/ High end finishes throughout. This is a perfect turnkey property that is the first in a growing area with gentrification happening. Upside investment. The property is near the light rail into downtown, Bank One Ballpark, Roosevelt Row, and light rail to the airport. IECC efficient appliances and A/C
Presented By: Realty ONE Group; 480-315-1240
Interior Features for 1305 E MADISON Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringVinyl
Heating Y/NYes
General for 1305 E MADISON Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.4
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsWood Frame, Painted, Stucco, Stone
CoolingCeiling Fan(s), Electric
CountyMaricopa
DirectionsTake Jefferson to 13th St. Go south on 13th St. Turn Left on Madison Property is second lot on the right
DisclosuresOther (See Remarks)
ElectricAPS
Elementary SchoolGarfield School
Elementary School DistrictPhoenix Elementary District
Garage Y/NNo
Gross Income88800.0
HeatingElectric
High SchoolNorth High School
High School DistrictPhoenix Union High School District
Insurance Expense2000.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolGarfield School
MobileHomeRemainsYNNo
Net Operating Income82280.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total4
Occupancy TypeVacant
Open Parking Spaces8.0
Operating Expense6520.0
OwnerPaysSee Remarks, Trash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameCOLLINS ADDITION PHOENIX BLOCKS 31-34 39-40
Tax Annual Amount1220.0
Tax Lot11
Tax Year2024
Township1N
Trash Expense300.0
Water Sewer Expense1500.0
Year Built2025
ZoningR-3
Exterior for 1305 E MADISON Street
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions7000 sq feet
Number of Buildings2
Parking FeaturesFree
Road Surface TypeAsphalt
SpaNo
Total Parking8.0
Water SourceCity Franchise
Additional Details
Price History
Schools
Middle School
Garfield School Middle School
High School
North High School
Elementary School
Garfield School Elementary School
