Properties
Phoenix, AZ 85006 1747 E VIRGINIA Avenue
$925,000
10 more
Presented By: Matthews Real Estate Investment Services; 310-388-0788
Home Details
4-unit multifamily opportunity located in Phoenix, AZ. Built in 1971, the property features 100% 2-bedroom, 1 bath units, all of which have been renovated with granite counter tops, white shaker cabinetry, stainless steel appliances, in-unit washer/dryer, and more. The community also features a private BBQ area and covered parking. Additionally, the property is within walking distance to Phoenix Children's Hospital and nearby other points of interest such as Downtown Phoenix and the Biltmore Fashion Park. With its close proximity to the hospital, there is potential to convert the units to mid-term rentals upon lease expiration, which typically yields a rent premium over traditional year-long leases.
Presented By: Matthews Real Estate Investment Services; 310-388-0788
Interior Features for 1747 E VIRGINIA Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile
Heating Y/NYes
General for 1747 E VIRGINIA Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.35
Carport Y/NNo
CityPhoenix
Community FeaturesBarbecue, No Pool
Construction MaterialsPainted, Stucco, Block
CoolingCeiling Fan(s), Electric, Individual
CountyMaricopa
DisclosuresNone
ElectricAPS
Elementary School DistrictCreighton Elementary District
Garage Y/NNo
Gross Income5909.0
HeatingIndividual, Natural Gas
High School DistrictPhoenix Union High School District
Insurance Expense2767.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense1603.0
MobileHomeRemainsYNNo
Net Operating Income50844.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total4
Open Parking Spaces2.0
Operating Expense17862.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofBuilt-Up
Security FeaturesSecurity Light(s)
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameGREENFIELD ACRES TRACT 2
Tax Annual Amount1476.0
Tax Lot35
Tax Year2026
Township2N
Trash Expense1902.0
Water Sewer Expense2272.0
Year Built1971
ZoningMulti
Exterior for 1747 E VIRGINIA Avenue
Covered Spaces4.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensions9512
Number of Buildings1
Parking FeaturesPaved, Free, 1 Space/Unit, On Street, Carport
Road Surface TypeAsphalt
SpaNo
Total Parking6.0
Water SourceCity Franchise
Additional Details
Price History
