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339 N Laurel Avenue

Phoenix, AZ 85007
  • $395,500
  • STATUS: Active
  • ID#: 6292018
Price Reduced
UPDATED: 46 min ago
$395,500
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

100% occupied. Remodeled duplex with great rents and land to build 4 more units ON R5 LOT!! Townhome like apartments with large PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $2,605, $31,260 yearly. 7.8% Cap Rate, Tenant paid utilities on RUBS!! Just remodeled. New HVAC in the front unit, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Unit mix of 1, 2 bed x1 bath, 1, 1 bed x 1 bath, 2. This area is hot and transitioning in the Art District of Roosevelt. Hurry will not last with this strong of cashflow. Could add solar and reduce bills even more. Cashflow while you build the other units in the back.

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© 2021 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 Long Realty Company. Data last updated 2021-10-25T12:13:52.32.
www.arizonahomesearch.com/homes/121338366
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339 N Laurel Avenue Phoenix, AZ 85007

  • Price: $395,500
  • Status: Active
  • Updated: 46 min ago
  • ID#: 6292018
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1920
Built
Neighborhood:
Capitola Place
County:
Maricopa
Area:
Phoenix
Elementary School:
Capitol Elementary School
Middle School:
Capitol Elementary School
High School:
Central High School
School District:
001 - Phoenix Elementary District
Property Description
100% occupied. Remodeled duplex with great rents and land to build 4 more units ON R5 LOT!! Townhome like apartments with large PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $2,605, $31,260 yearly. 7.8% Cap Rate, Tenant paid utilities on RUBS!! Just remodeled. New HVAC in the front unit, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Unit mix of 1, 2 bed x1 bath, 1, 1 bed x 1 bath, 2. This area is hot and transitioning in the Art District of Roosevelt. Hurry will not last with this strong of cashflow. Could add solar and reduce bills even more. Cashflow while you build the other units in the back.
Exterior Features

Construction BlockFrame - Wood Construction Finish PaintedSiding Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingFenced Lot Size Dimensions 6771 Parking >1 Space Per Unit Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 560 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 760 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 DishwasherDisposalF/S Oven/RangeMicrowaveRefrigeratorWasher/Dryer Cooling Ceiling Fan(S)Electric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileWood Heating Electric Interior Amenities Unfurnished

Property Features

1 Bedroom Unit Avg Rent 1175.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1349.00 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 33760.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street 15th Ave & Vanburen Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 31260.00 Hoa YN No Net Operating Income 33760.00 New Financing ConventionalFhaVa Operating Exp 485.00 Other Income 2500.00 Owner Pays See Remarks Project Type Duplex Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 485.00 Tenant Pays Cable TvElectricLandscapingSewerTrashWater UCB No Vacancy Allowance 0.00 Water City Franchise Zoning R5

Listing courtesy of Gentry Real Estate.


© 2021 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 Long Realty Company. Data last updated 2021-10-25T12:13:52.32.
 
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Long Realty Company
4051 E. Sunrise Dr, Suite 101
Tucson AZ, 85718