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1548 W Mckinley Street

Phoenix, AZ 85007
  • $549,900
  • STATUS: Active
  • ON SITE: 81 Days
  • MLS #: 6486612
$549,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1916
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Fully occupied and professionally managed 4-plex in the Grand Avenue Arts District on a high density R-5 zoned lot that is the highest density multi-family zoning. These two buildings consist of two 1 bedroom units and two studios. Rents and utility subsidies are at $3,875 per month gross / $46,500 per year. A new roof, plumbing, exterior paint, and high efficiency mini-splits installed May 2020. The interiors have been updated with stainless steel appliances, shaker cabinets, Quartz counters, tile showers, tile flooring, and fresh paint. Each unit has a small courtyard, and there is a shared laundry facility on site. There is a small gated parking area that can be leased or used for RV/Boat storage or build additional units.

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Arizona Regional MLS logo© 2023 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 2023-01-28T00:16:07.15.
www.beckygarcia.com/homes/134602368
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1548 W Mckinley Street Phoenix, AZ 85007

  • Price: $549,900
  • Status: Active
  • On Site: 81 Days
  • MLS #: 6486612
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1916
Built
Neighborhood:
Homestead Place
County:
Maricopa
Area:
Phoenix
Elementary School:
Capitol Elementary School
Middle School:
Capitol Elementary School
High School:
Central High School
Property Description
Fully occupied and professionally managed 4-plex in the Grand Avenue Arts District on a high density R-5 zoned lot that is the highest density multi-family zoning. These two buildings consist of two 1 bedroom units and two studios. Rents and utility subsidies are at $3,875 per month gross / $46,500 per year. A new roof, plumbing, exterior paint, and high efficiency mini-splits installed May 2020. The interiors have been updated with stainless steel appliances, shaker cabinets, Quartz counters, tile showers, tile flooring, and fresh paint. Each unit has a small courtyard, and there is a shared laundry facility on site. There is a small gated parking area that can be leased or used for RV/Boat storage or build additional units.
Exterior Features

Construction Frame - Wood Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingFencedPatio/BalconySeparate Storage Lot Size Dimensions 49 X 124 Parking Add'l Parking AvailRv/Boat ParkingStreet Parking Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 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/RangeRefrigeratorWasher/Dryer Cooling 2 Or More UnitsCentral A/CElectricIndividualWindow/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating 2 Or More UnitsCentralElectricHeat PumpIndividualNatural GasWindow/Wall Unit(S) Interior Amenities Fire/Smoke Alarm(S)

Property Features

1 Bedroom Unit Avg Rent 1037.50 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 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 46500.00 Annual Elec Exp 4800.00 Annual Gas Exp 960.00 Annual Ins Exp 1832.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 1654.00 Community Amenities No Pool Cross Street Roosevelt Street And 15th Avenue Efficiency Unit Avg Rent 900.00 Efficiency Units 2 Electric ApsMaster Meter Gas Master MeterSw Gas Gross Annual Sch Inc 46500.00 Hoa YN No Net Operating Income 36569.00 New Financing 1031 ExchangeConventionalFhaNo CarryVa Operating Exp 9931.00 Other Income 0.00 Owner Pays ElectricGasSewerTrash CollectionWater Payment Includes Interest Project Type Four Plex Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Provided By Owner Special Owner/Agent Tax Municipality Phoenix Taxes 685.00 Tenant Pays Other (See Remarks) Totl Mnth Rntal Inc 3875.00 Vacancy Allowance 0.00 Water City FranchiseMaster Meter Zoning R-5

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Arizona Regional MLS logo© 2023 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 2023-01-28T00:16:07.15.
 
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The Garcia Group | eXp Realty
16165 N 83 Ave # 200
Peoria AZ, 85382