929 E WELDON Avenue Phoenix, AZ $ 2,000,000
929 E WELDON Avenue
$ 2,000,000
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929 E WELDON Avenue

Phoenix, AZ, 85014
$ 2,000,000
Baths0.0

Monthly Estimate*

$ 13,971

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $2,000,000. This home was built in 1981.

Uptown and Midtown adjacent, this complex is in a great location! This offering consists of three parcels located at 921, 925 and 929 E. Weldon Ave. which must be sold together. There are 8 units comprised of 2 triplexes built in 1981, a historic 1920's home and a studio cottage. The grounds are green & beautiful. There are 8 covered parking spaces & 3 uncovered spots. Each apartment has its own private rear yard & storage room with washer/dryer hook-ups. Architectural features of the historic home have been nicely preserved. The studio cottage while open, has a partition allowing for separation of living spaces. The complex feels peaceful. Roofs new in 2022. Tenants are long term, pay timely and want to stay. Leases are up. Residential financing possible. Buyer to verify facts & figures.

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Multi-Family Active

Price

$ 2,000,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,882

Style

Multiple Dwellings

Year Built

1981

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6684624

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central A/C Electric
Roof Composition Rolled/Hot Mop
Zoning Each parcel R-3
Construction Materials See Remarks Painted Stucco
Year Built 1981
Electric APS Individual Meter
Tenant Pays Electricity Cable TV
Township 2N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 137352.0
Community Features See Remarks
County Maricopa
Net Operating Income 104718.0
Operating Expense 36882.0
Insurance Expense 5400.0
Property Type Multiple Dwellings
Attached Garage Y
Subdivision Name LA PUNTA
Garage Y/N N
Status Active
Directions From 7th Street south of Indian School go east on Weldon. The combined parcels are located on the right just before the street goes to the left. The complex consists of 921 925 & 929 E. Weldon Ave.
High School North High School
City Phoenix
Buyer Agent Compensation 2.00
Disclosures Seller Prop Disc Stm
View Y/N N
High School District Phoenix Union High School District
Open Parking Spaces 3.0
Total Units 8
Lot Size Square Feet 0.0
Carport Y/N N
Street Name WELDON
Elementary School Longfellow Elementary School
Tax Annual Amount 3882.0
Middle/Junior High School Osborn Middle School
Water Sewer Expense 7400.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 28
Standard Status Active
Occupancy Description Tenant
Elementary School District Osborn Elementary District
Tax Lot 2
Cap Rate 5.24
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 Carpet 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 Add'l Parking Avail Attached >1 Space Per Unit Common
Water Source City Franchise Master Meter
Total Parking 11.0
Lot Size Area 0.0
Number of Buildings 4
Spa N
Lot Dimensions see Remarks
Lot Size Acres 0.0
Road Surface Type Asphalt Alley
Covered Spaces 8.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 929
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* Excluded Features
List By
Spotlight Realty, Llc

Broker

SpotlightRealty@cox.net

Email

Affordability Calculator

$14,294
Per Month
98%
2%
0%
Monthly Principal & Interest
$13,971
Monthly Property Taxes
$324
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
4591477 Elementary School
4327120 Middle School
North High School High School
Pricing History
DatePricePrice ChangeDescription
3/30/2024$2,000,000 Listed Price

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929 E WELDON Avenue, Phoenix, AZ, 85014 is a Multi-Family Home for sale at $2,000,000. 929 E WELDON Avenue is a studio with 0.0 baths and was built in 1981. The property's zip code is 85014 which is in Phoenix, AZ