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1402 W Polk Street

Phoenix, AZ 85007
  • $2,950,000
  • STATUS: Active
  • ON SITE: 152 Days
  • MLS #: 6390434
UPDATED: 35 min ago
$2,950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1984
County:
Area:

School Information

Description

Full exterior paint completed 4/2022. Asphalt completed 7/2021. Polk Street Apartments offers14 one and two bedroom unit mix located in the heart of the Grand Avenue Arts Districts. Just a few blocks to an array of galleries, restaurants, bars, shopping and the Downtown living experience! Community amenities: gated with key fob controlled access, security cameras and onsite laundry facility, Individual electrical meters. 8 of the 14 units have been upgraded, leaving investors the opportunity to add value and revenue with a completed renovation program. Renovated one bedroom rents in this market are well above the current rent structures in place. Investors can capitalize on other income streams with covered parking fees and billed utilities.

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Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Garcia Group | eXp Realty. Data last updated 2022-09-28T09:18:04.047.
www.beckygarcia.com/homes/128134030
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1402 W Polk Street Phoenix, AZ 85007

  • Price: $2,950,000
  • Status: Active
  • On Site: 152 Days
  • Updated: 35 min ago
  • MLS #: 6390434
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1984
Built
Neighborhood:
University Addition
County:
Maricopa
Area:
Phoenix
Elementary School:
Kenilworth Elementary School
Middle School:
Kenilworth Elementary School
High School:
Central High School
School District:
001 - Phoenix Elementary District
Property Description
Full exterior paint completed 4/2022. Asphalt completed 7/2021. Polk Street Apartments offers14 one and two bedroom unit mix located in the heart of the Grand Avenue Arts Districts. Just a few blocks to an array of galleries, restaurants, bars, shopping and the Downtown living experience! Community amenities: gated with key fob controlled access, security cameras and onsite laundry facility, Individual electrical meters. 8 of the 14 units have been upgraded, leaving investors the opportunity to add value and revenue with a completed renovation program. Renovated one bedroom rents in this market are well above the current rent structures in place. Investors can capitalize on other income streams with covered parking fees and billed utilities.
Exterior Features

Construction Frame - Wood Construction Finish PaintedSiding Covered Parking Spaces 0.00 Exterior Amenities Partially FencedPatio/BalconySecurity Light(S) Lot Size Dimensions 10625 Parking >1 Space Per UnitPaved Parking Roads AlleyAsphaltCurb(S) & Gutter(S)Sidewalk(S) Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 500 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 550 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigerator Cooling Window/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileVinyl Heating Window/Wall Unit(S) Interior Amenities Mini BlindsUnfurnished

Property Features

1 Bedroom Unit Avg Rent 860.00 1 Bedroom Units 13 2 Bedroom Unit Avg Rent 870.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 0.00 Annual Gas Exp 0.00 Annual Land Lse Exp 0.00 Annual Legal And Acctg 0.00 Annual Mgmt Exp 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Wtr Swr Exp 0.00 Community Amenities No Pool Cross Street 7th Ave & Van Buren Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 0.00 New Financing ConventionalNo Carry Operating Exp 1879.00 Other Income 0.00 Owner Pays ElectricLandscapingSewerTrash CollectionWater Project Type 13 - 24 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Books Shwn Accpt OfrProjected ProformaProvided By Owner Special Accept Backups (Clo) Tax Municipality Phoenix Taxes 1879.00 Tenant Pays Cable Tv Vacancy Allowance 0.00 Water City Franchise Zoning R-5

Arizona Regional MLS logo Listing provided by Dunlap & Magee Property Management, INC.: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Garcia Group | eXp Realty. Data last updated 2022-09-28T09:18:04.047.
 
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The Garcia Group | eXp Realty
16165 N 83 Ave # 200
Peoria AZ, 85382