2326 E Pinchot Avenue

    Phoenix, AZ 85016
    • $1,595,000
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: 5738679
    UPDATED: 52 min ago
    $1,595,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:
    Area:

    School Information

    Description

    Prime Opportunity in Biltmore Corridor. 12-unit garden-style apartment complex located in great east Phoenix neighborhood. Ten out of twelve units completely remodeled with new kitchens and baths. This centrally located complex is ideal to add to your portfolio. Block construction with pitched composition shingle roofs and individually metered for electricity. Additional income from leased laundry and Rubs being implemented as leases expire. There is also still room to increase rents. Minutes to shopping & dining at Biltmore Fashion Park, Town and Country Mall and so much more. Easy access to the 51 Freeway, downtown Phoenix, bus transportation and employment. Brand new townhouses across the street selling $340-375K. Do not walk property or talk to tenants. Inspection with accepted offer.

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    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Keller Williams Biltmore Partners - Lifestyle Partners Team. Data last updated 2018-04-22T23:11:26.51.
    www.melindamurphy.com/homes/81676587

    2326 E Pinchot Avenue Phoenix, AZ 85016

    • Price: $1,595,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 5738679
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1958
    Built
    Neighborhood:
    None
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Loma Linda Elementary School
    Middle School:
    Loma Linda Elementary School
    High School:
    Camelback High School
    School District:
    014 - Creighton Elementary District
    Property Description
    Prime Opportunity in Biltmore Corridor. 12-unit garden-style apartment complex located in great east Phoenix neighborhood. Ten out of twelve units completely remodeled with new kitchens and baths. This centrally located complex is ideal to add to your portfolio. Block construction with pitched composition shingle roofs and individually metered for electricity. Additional income from leased laundry and Rubs being implemented as leases expire. There is also still room to increase rents. Minutes to shopping & dining at Biltmore Fashion Park, Town and Country Mall and so much more. Easy access to the 51 Freeway, downtown Phoenix, bus transportation and employment. Brand new townhouses across the street selling $340-375K. Do not walk property or talk to tenants. Inspection with accepted offer.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 11.00 Lot Size Dimensions 120 X 150 Parking <1 Space Per Unit Roads Asphalt/BlacktopSidewalk(S) Roofing Comp Shingle Total Parking Spaces 11.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 689 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 825 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigerator Cooling Electric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic Tile Heating Electric

    Property Features

    1 Bedroom Unit Avg Rent 671.00 1 Bedroom Units 4 2 Bedroom Unit Avg Rent 822.00 2 Bedroom Units 8 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 110661.48 Annual Elec Exp 3012.00 Annual Gas Exp 1020.00 Annual Ins Exp 6336.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 2700.00 Annual Legal And Acctg 0.00 Annual Maint Exp 3000.00 Annual Mgmt Exp 0.00 Annual Other Expense 480.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1440.00 Annual Wtr Swr Exp 4320.00 Auction No Community Amenities No PoolBarbecue Area(S) Cross Street 24th Street & Indian School Road Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas Sw Gas Gross Annual Sch Inc 111084.00 Hoa YN No Net Operating Income 82476.90 New Financing 1031 ExchangeNo CarryOther (See Remarks) Operating Exp 28562.00 Other Income 3000.00 Owner Pays WaterLandscapingTrashSewer Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 6254.00 Tenant Pays Electric Totl Mnth Rntal Inc 9257.00 Vacancy Allowance 0.03 Water City Franchise Zoning M-H R4

    Listing courtesy of West Usa Realty.
    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Keller Williams Biltmore Partners - Lifestyle Partners Team. Data last updated 2018-04-22T23:11:26.51.
     
    Keller Williams Biltmore Partners - Lifestyle Partners Team
    2920 E Camelback Rd
    Phoenix AZ, 85016