2425 W TURNEY Avenue Phoenix, AZ $ 1,950,000
2425 W TURNEY Avenue
$ 1,950,000
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2425 W TURNEY Avenue

Phoenix, AZ, 85015
$ 1,950,000
Baths0.0

Monthly Estimate*

$ 13,621

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,950,000. This home was built in 1949.

Casitas on Turney is comprised of (1) studio and (9) 2-bedroom / 1-bathroom units. The property has ample parking for all residents and privately fenced front and/or backyards. In the mid 2000's there were 5 units that were completely rebuilt from the ground up. Most recently 2 units were completely remodeled from the studs, leaving only the studio apartment and 2 of the 2-bed units in more original condition. There's a value-add opportunity both now and in the future by completing the renovations and the installation of an on-site or in-suite laundry facility. Down the line there is additional value to be added through redeveloping the site with the current R-3 zoning allowing for additional units. The Seller is also willing to carry the note; please call the listing agent for info.

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Multi-Family Active

Price

$ 1,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,533

Style

Multiple Dwellings

Year Built

1949

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6695322

Features
General
Sewer Public Sewer
Heating Individual Central Heat Pump Window/Wall Unit(s) Electric
Cooling Central A/C Individual Electric Wall/Window Unit(s) Ceiling Fan(s)
Roof See Remarks Composition
Zoning R3
Construction Materials See Remarks Painted Stucco Frame - Wood
Year Built 1949
Electric APS SRP
Tenant Pays Electricity Cable TV
Township 2N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 158517.0
Community Features See Remarks
County Maricopa
Net Operating Income 114119.0
Operating Expense 2533.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name FRUITLAND ACRES
Garage Y/N N
Status Active
City Phoenix
Buyer Agent Compensation 2.00
Disclosures Other (See Remarks)
View Y/N N
High School District Phoenix Union High School District
Open Parking Spaces 26.0
Total Units 10
Lot Size Square Feet 0.0
Carport Y/N N
Street Name TURNEY
Tax Annual Amount 2533.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 5
Standard Status Active
Elementary School District Alhambra Elementary District
Tax Lot 6
Cap Rate 5.85
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
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Interior
Flooring Other Ceramic Tile Vinyl
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 Other (See Remarks) Paved Parking >1 Space Per Unit
Water Source City Franchise
Total Parking 26.0
Lot Size Area 0.0
Number of Buildings 10
Spa N
Lot Dimensions 163ft x 300ft
Lot Size Acres 0.0
Road Surface Type Asphalt Concrete
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 2425
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* Excluded Features
List By
Abi Multifamily

Broker

carson.griesemer@abimultifamily.com

Email

Affordability Calculator

$13,832
Per Month
98%
2%
0%
Monthly Principal & Interest
$13,621
Monthly Property Taxes
$211
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!
Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/23/2024$1,950,000 Listed Price

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2425 W TURNEY Avenue, Phoenix, AZ, 85015 is a Multi-Family Home for sale at $1,950,000. 2425 W TURNEY Avenue is a studio with 0.0 baths and was built in 1949. The property's zip code is 85015 which is in Phoenix, AZ