Properties
Phoenix, AZ 85006 1421 E FILLMORE Street
$850,000
13 more
Presented By: Matthews Real Estate Investment Services; 310-388-0788
Home Details
Well-maintained four-unit apartment community located in the Garfield Submarket. Built in 1983, the property is comprised entirely of two-bedroom, one-bath units. Each of the units have been upgraded to various levels by current ownership, with the most recently remodeled unit renting for $1,425 plus RUBS; however future ownership will be able to capture additional value-add upside through further interior and exterior upgrades. New roof in 2021. The property also sits on a .25 acre lot, so there is also potential to build additional units. 1421 E Fillmore St presents a compelling opportunity to acquire a value-add asset in a centralized, high growth location with both immediate income potential and long-term upside. Great opportunity for investor or owner-occupant
Presented By: Matthews Real Estate Investment Services; 310-388-0788
Interior Features for 1421 E FILLMORE Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile, Vinyl
Heating Y/NYes
General for 1421 E FILLMORE Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.85
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsWood Frame, Stucco
CoolingOther, See Remarks
CountyMaricopa
DisclosuresNone
ElectricSRP
Elementary School DistrictPhoenix Elementary District
Garage Y/NNo
Gross Income61247.0
HeatingIndividual, Electric
High School DistrictPhoenix Union High School District
Insurance Expense3739.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense4044.0
MobileHomeRemainsYNNo
Net Operating Income49683.0
New ConstructionNo
New Financing: ConventionalTrue
Number Of Units Total4
Open Parking Spaces10.0
Operating Expense17342.0
OwnerPaysTrash Collection, Water, Sewer
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameKNUTZEN TRACT
Tax Annual Amount1859.0
Tax Lot6
Tax Year2025
Township1N
Water Sewer Expense3782.0
Year Built1983
ZoningR4
Exterior for 1421 E FILLMORE Street
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions10867
Number of Buildings1
Parking Features>1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking10.0
Water SourceCity Franchise
Additional Details
Price History
