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901-905 S 2nd Avenue Phoenix, AZ $ 1,925,000
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901-905 S 2nd Avenue
$ 1,925,000
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901-905 S 2nd Avenue

Phoenix, AZ, 85003
$ 1,925,000
Baths0.0

Monthly Estimate*

$ 13,447

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,925,000. This home was built in 1984.

This great cash-flowing investment walking distance from Downtown Phoenix is one that will greatly enhance your portfolio. Comprised of two fourplexes that can qualify for residential financing, these (8) renovated 2 bed/1 bath units with in-suite laundry will be attractive to any renter. With a new roof in 2021, newer AC units, and being walking distance from the upcoming light rail system, this is an investment you will love. Listing consists of parcels 112-24-063 and 112-24-064. Do not disturb tenants. Buyer and buyers agent to verify all facts and figures.

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Multi-Family Active

Price

$ 1,925,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,070

Style

Multiple Dwellings

Year Built

1984

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6647881
Features
General
Sewer Public Sewer
Heating Electric
Cooling Electric
Roof Composition
Zoning C-1
Construction Materials Stucco Block
Year Built 1984
Electric APS
Tenant Pays Gas Electricity
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 145500.0
Community Features No Pool
County Maricopa
Net Operating Income 115200.0
Operating Expense 2070.0
Property Type Multiple Dwellings
Attached Garage N
Garage Y/N N
Status Active
Directions From Central and Buckeye head west to 2nd Ave and north to the property.
City Phoenix
Buyer Agent Compensation 2.50
Disclosures Seller Prop Disc Stm
View Y/N N
High School District Phoenix Union High School District
Open Parking Spaces 10.0
Total Units 8
Lot Size Square Feet 0.0
Carport Y/N N
Street Name 2nd
Tax Annual Amount 2070.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 130
Standard Status Active
Elementary School District Phoenix Elementary District
Tax Lot 1
Cap Rate 5.98
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
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Interior
Flooring Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features >1 Space Per Unit Street Parking
Water Source City Franchise
Total Parking 10.0
Lot Size Area 0.0
Number of Buildings 2
Spa N
Lot Dimensions unknown
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 901905
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* Excluded Features
List By
Abi Multifamily

Broker

tyler.bruggman@abimultifamily.com

Email

Affordability Calculator

$13,619
Per Month
99%
1%
0%
Monthly Principal & Interest
$13,447
Monthly Property Taxes
$173
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/9/2024$1,925,000 Listed Price

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901-905 S 2nd Avenue, Phoenix, AZ, 85003 is a Multi-Family Home for sale at $1,925,000. 901-905 S 2nd Avenue is a studio with 0.0 baths and was built in 1984. The property's zip code is 85003 which is in Phoenix, AZ

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