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1501 E OAK Street Phoenix, AZ $ 810,000
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$ 810,000 Get more info
1501 E OAK Street
$ 810,000
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1501 E OAK Street

Phoenix, AZ, 85006
$ 810,000
Baths0.0

Monthly Estimate*

$ 5,658

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $810,000. This home was built in 1957.

The 1501 E Oak Street tripex offering is open to anyone looking to owner occupy a fully turnkey multifamily dwelling or for the traditional multifamily investor. The Seller of 1501 is also selling 1505, 1509, 1521, 1527 & 1527 E Oak Street as well each of which are individual triplexes. Each one of these triplexes are set to be sold individually or as a package. Each triplex offers a unit mix of (100%) 2-bedroom / 1-bathroom units. Each unit is individually metered for electricity. Capital Improvement Summary: Renovations were started in 2022 and and completed in 2023. Exterior remodel consist of modern paint colors, installation, new roofs and desert landscaping. The interiors of all units feature new vinyl flooring, stainless steel appliances, , updated counter tops and in-suit W/D.

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Multi-Family Active

Price

$ 810,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,142

Style

Multiple Dwellings

Year Built

1957

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6656680
Features
General
Sewer Public Sewer
Heating Electric
Cooling Electric Ceiling Fan(s)
Roof Composition
Zoning R-4
Construction Materials Painted Block
Year Built 1957
Electric Other (See Remarks)
Tenant Pays Electricity
Township 2N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 22382.4
Community Features No Pool
County Maricopa
Net Operating Income 42800.0
Operating Expense 1142.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name RANCHITOS BONITAS LOTS 1-4
Garage Y/N N
Status Active
City Phoenix
Buyer Agent Compensation 1.50
Disclosures None
View Y/N N
High School District Phoenix Union High School District
Open Parking Spaces 4.0
Total Units 3
Lot Size Square Feet 0.0
Carport Y/N N
Street Name OAK
Tax Annual Amount 1142.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 93
Standard Status Active
Elementary School District Phoenix Elementary District
Tax Lot 1
Cap Rate 5.28
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
New Financing True
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Street
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 4.0
Lot Size Area 0.0
Number of Buildings 1
Spa N
Lot Dimensions 7 301
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 1501
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* Excluded Features
List By
Abi Multifamily

Broker

mitchell.drake@abimultifamily.com

Email

Affordability Calculator

$5,753
Per Month
98%
2%
0%
Monthly Principal & Interest
$5,658
Monthly Property Taxes
$95
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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Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/29/2024$810,000 Listed Price

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1501 E OAK Street, Phoenix, AZ, 85006 is a Multi-Family Home for sale at $810,000. 1501 E OAK Street is a studio with 0.0 baths and was built in 1957. The property's zip code is 85006 which is in Phoenix, AZ

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