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5225 N 17TH Avenue

Phoenix, AZ 85015
  • $1,199,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 6462819
UPDATED: 62 min ago
$1,199,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Passive income producing property available in opportunity zone. Washer and dryer hookups available in each unit. Value add opportunity by increasing rents and updating house on property. Rents are substantially below current market value. New zoning ordinances adopted by City of Phoenix council for higher density. Surrounding properties have city pre approval for new development. Please do due diligence and consult with land use attorney

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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 2022-10-01T20:16:47.263.
www.beckygarcia.com/homes/133026893
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5225 N 17TH Avenue Phoenix, AZ 85015

  • Price: $1,199,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 62 min ago
  • MLS #: 6462819
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1960
Built
Neighborhood:
Nile Tract Block 2
County:
Maricopa
Area:
Phoenix
Elementary School:
Solano School
Middle School:
Osborn Middle School
High School:
Central High School
School District:
008 - Osborn Elementary District
Property Description
Passive income producing property available in opportunity zone. Washer and dryer hookups available in each unit. Value add opportunity by increasing rents and updating house on property. Rents are substantially below current market value. New zoning ordinances adopted by City of Phoenix council for higher density. Surrounding properties have city pre approval for new development. Please do due diligence and consult with land use attorney
Exterior Features

Construction Block Construction Finish PaintedStucco Covered Parking Spaces 1.00 Exterior Amenities Landscape Wtr SystemPartially FencedSecurity Light(S)Separate Storage Lot Size Dimensions 23902 Parking Paved Parking Roads AsphaltSidewalk(S) Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 600 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 830 2 Bedroom Units Baths 2 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 Ceiling Fan(S)ElectricIndividualWindow/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating ElectricHeat Pump Interior Amenities Other (See Remarks)

Property Features

1 Bedroom Unit Avg Rent 1020.00 1 Bedroom Units 4 2 Bedroom Unit Avg Rent 1150.00 2 Bedroom Units 2 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 76860.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street Camelback Rd & 17th Ave Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 76860.00 Hoa YN No Net Operating Income 67636.00 New Financing Other (See Remarks) Operating Exp 2432.00 Other Income 0.00 Other Type House + Rental Units Owner Pays SewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 2432.00 Tenant Pays Electric Vacancy Allowance 0.00 Water City Franchise Zoning R3

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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 2022-10-01T20:16:47.263.
 
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The Garcia Group | eXp Realty
16165 N 83 Ave # 200
Peoria AZ, 85382