901 E Claremont Street Phoenix, AZ $ 1,850,000
901 E Claremont Street
$ 1,850,000
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901 E Claremont Street

Phoenix, AZ, 85014
$ 1,850,000
Baths0.0

Monthly Estimate*

$ 12,923

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901 E Claremont Street, Phoenix, AZ 85014 - Image 13
Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,850,000. This home was built in 1962.

Advantageously placed just north of the 7th Street and Bethany Home Road intersection and immediately across the street from Madison Traditional Academy, 901 E Claremont St is an apartment community primely located in the heart of the historic neighborhoods of North Central Phoenix (Uptown). Its nearby proximity to one of The Valley's major transportation arteries, State Route 51, affords residents direct access to simple passage to nearly any destination across The Valley. Some of those nearby destinations include a number of the most prominent employment and entertainment corridors in the state. Primely positioned near the Innovation Employment Corridor, which runs down Central Avenue, presents employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. Additionally, the Biltmore Employment Corridor where names such as Cisco and Charles Schwab are stationed, also offers numerous dining and entertainment amenities. Together, the Innovation and Biltmore Corridors showcase over ±117,000 employees and ±3,300 employers. Built in 1962, 901 E Claremont St is comprised of studio, two, and three-bedroom floorplans covering an average of ±1,053 square feet with the entire community's exterior upgraded. Future ownership will have the enticing opportunity to capitalize on 100% of the units at each location primed for an elevated upgrade package resulting in an expected premium of ±$200 per month already proven in the immediate submarket.

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Multi-Family Active

Price

$ 1,850,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,323

Style

Multiple Dwellings

Year Built

1962

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6669370

Features
General
Sewer Public Sewer
Heating Individual Ceiling
Cooling Individual Electric Ceiling Fan(s)
Roof Composition
Zoning R-3
Construction Materials Painted Stucco Block Frame - Wood
Year Built 1962
Electric SRP
Tenant Pays Electricity
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 146920.12
Community Features Pool
County Maricopa
Net Operating Income 111662.0
Operating Expense 36138.0
Insurance Expense 2800.0
Property Type Multiple Dwellings
Attached Garage N
Garage Y/N N
Status Active
City Phoenix
Buyer Agent Compensation 2.00
Disclosures None
View Y/N N
High School District Phoenix Union High School District
Open Parking Spaces 3.0
Total Units 7
Lot Size Square Feet 0.0
Carport Y/N N
Street Name Claremont
Tax Annual Amount 4323.0
Electric Expense 8945.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 60
Standard Status Active
Elementary School District Madison Elementary District
Tax Lot 0
Cap Rate 6.04
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
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Interior
Flooring Carpet 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
Water Source City Franchise
Total Parking 10.0
Lot Size Area 0.0
Number of Buildings 3
Spa N
Lot Dimensions 0.39
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 7.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 901
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* Excluded Features
List By
Marcus & Millichap

Broker

paul.bay@marcusmillichap.com

Email

Affordability Calculator

$13,283
Per Month
97%
3%
0%
Monthly Principal & Interest
$12,923
Monthly Property Taxes
$360
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
2/27/2024$1,850,000 Listed Price

Map


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901 E Claremont Street, Phoenix, AZ, 85014 is a Multi-Family Home for sale at $1,850,000. 901 E Claremont Street is a studio with 0.0 baths and was built in 1962. The property's zip code is 85014 which is in Phoenix, AZ