2440 E MONROE Street Phoenix, AZ ^$ 864,000

2440 E MONROE Street

^$ 864,000

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2440 E MONROE Street

Phoenix, AZ, 85034

^$ 864,000

Studio Baths0.0

Monthly Estimate*

^$ 6,035

2440 E MONROE Street, Phoenix, AZ 85034 - Image 1

2440 E MONROE Street, Phoenix, AZ 85034 - Image 2

2440 E MONROE Street, Phoenix, AZ 85034 - Image 3

2440 E MONROE Street, Phoenix, AZ 85034 - Image 4

2440 E MONROE Street, Phoenix, AZ 85034 - Image 5

2440 E MONROE Street, Phoenix, AZ 85034 - Image 6

2440 E MONROE Street, Phoenix, AZ 85034 - Image 7

Studio

Multi-Family Home for sale in Phoenix, AZ

for $864,000. This home was built in 1940.

Fantastic location within walking distance to the light rail, close to the airport and downtown Phoenix. Exterior freshly painted, new roofs, laundry in 4 of the 5 units, 2 of the a/c units are new and brand new tankless hot water heaters. Each of the units have had improvements upon vacancy such as: tiled flooring, tiled showers, backsplash and interior paint. Property is individually metered for electric. Lots of investor development in this area!

Multi-Family Active

Price

^$ 864,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,154

Style

Multiple Dwellings

Year Built

1940

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6668697

Features

General

Sewer Public Sewer

Heating Electric

Cooling 2 or More Units Central A/C

Roof Composition

Zoning R4

Construction Materials Siding Painted Block Frame - Wood

Year Built 1940

Electric APS Individual Meter

Tenant Pays Electricity Cable TV

Township 1N

Tax Year 2023

Percent Ownership Fee Simple

Gross Income 76800.0

Community Features No Pool

County Maricopa

Net Operating Income 67236.07

Operating Expense 9563.94

Insurance Expense 1302.0

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name HIALEAH

Garage Y/N N

Status Active

Directions East on Van Buren St South on 24th St West on Monroe St subject property on the left.

City Phoenix

Buyer Agent Compensation 2.00

Disclosures None

View Y/N N

High School District Phoenix Union High School District

Open Parking Spaces 5.0

Total Units 5

Lot Size Square Feet 0.0

Carport Y/N N

Street Name MONROE

Tax Annual Amount 2154.0

Electric Expense 0.0

Current Financing Not Applicable

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 4907.94

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 62

Standard Status Active

Occupancy Description Tenant

Elementary School District Wilson Elementary District

Tax Lot 4

Cap Rate 7.65

Buyer Agent Compensation Type %

New_sp_Financing_co_Conventional5 True

Ownership Fee Simple

Senior Community N

New Financing True

Interior

Flooring Ceramic Tile Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Street Suffix Street

Electric On Property Y/N N

Total Baths 0

Exterior

Parking Features 1 Space/Unit

Water Source City Franchise Master Meter

Total Parking 5.0

Lot Size Area 0.0

Number of Buildings 2

Spa N

Lot Dimensions 7754

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

Internal Only

Street Number 1 2440

* Excluded Features

List By

Open House Realty

Broker

emily.weaver06@yahoo.com

Affordability Calculator

$6,215

Per Month

Monthly Principal & Interest: $6,035
Monthly Property Taxes: $180
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,420,971

Percent of Sale Price 64%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327165 Elementary School

4327058 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/23/2024	$864,000	-0.58%	Price Down
4/16/2024	$869,000	-0.57%	Price Down
3/26/2024	$874,000	-0.57%	Price Down
2/25/2024	$879,000		Listed Price

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2440 E MONROE Street, Phoenix, AZ, 85034 is a Multi-Family Home for sale at $864,000. 2440 E MONROE Street is a studio with 0.0 baths and was built in 1940. The property's zip code is 85034 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/30/2024.

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2440 E MONROE Street

Multi-Family Home for sale in Phoenix, AZ

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