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    805 N 4TH Avenue , #100

    Phoenix, AZ 85003
    • $2,195,000
    • STATUS: Active
    • ID#: 6285936
    UPDATED: 158 min ago
    $2,195,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    Rare portfolio package of 5 turn-key high-rise residential condos, currently operating as a short-term rentals. Package-offering includes 3 condo's and 2 penthouses in The Embassy high-rise, 805 N 4th Ave, PH2, PH4, 504, 302, and 204 for a combined price of $2,195,000. Considering the unit rental history(s), if professionally managed as short-term rental homes, the expected yearly gross rental income is $325,000. Monthly HOA fee includes all utilities, including electricity, gas, internet, water/sewer, community amenities, security, and parking. The building is a residential structure; however, allows short-term rentals, Airbnb's, and VBRO's. Prime location, in the desirable, vibrant downtown Phoenix neighborhood of Roosevelt Row! All 5 units come furnished. Turn-key investment.Close to everything: First Friday, restaurants, bars, museums, galleries, music venues, parks, sporting events, concerts, movies, two metro stations, and more! Building amenities include On-site security, 24-hour access to the community fitness center, lounge & billiard room, signature sky-deck community pool overlooking downtown Phoenix.

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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 2021-10-17T00:17:50.32.
    www.arizonahomesearch.com/homes/120914437
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    805 N 4TH Avenue , #100 Phoenix, AZ 85003

    • Price: $2,195,000
    • Status: Active
    • Updated: 158 min ago
    • ID#: 6285936
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1964
    Built
    Neighborhood:
    Embassy Condominiums
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    001 - Phoenix Elementary District
    Property Description
    Rare portfolio package of 5 turn-key high-rise residential condos, currently operating as a short-term rentals. Package-offering includes 3 condo's and 2 penthouses in The Embassy high-rise, 805 N 4th Ave, PH2, PH4, 504, 302, and 204 for a combined price of $2,195,000. Considering the unit rental history(s), if professionally managed as short-term rental homes, the expected yearly gross rental income is $325,000. Monthly HOA fee includes all utilities, including electricity, gas, internet, water/sewer, community amenities, security, and parking. The building is a residential structure; however, allows short-term rentals, Airbnb's, and VBRO's. Prime location, in the desirable, vibrant downtown Phoenix neighborhood of Roosevelt Row! All 5 units come furnished. Turn-key investment.Close to everything: First Friday, restaurants, bars, museums, galleries, music venues, parks, sporting events, concerts, movies, two metro stations, and more! Building amenities include On-site security, 24-hour access to the community fitness center, lounge & billiard room, signature sky-deck community pool overlooking downtown Phoenix.
    Exterior Features

    Construction Ducts Professionally Air-SealedOther (See Remarks) Construction Finish Other (See Remarks)PaintedStucco Covered Parking Spaces 5.00 Exterior Amenities Cable Tv AvailableLandscape Wtr SystemOther (See Remarks)Partially FencedPatio/BalconySecurity GuardSecurity Light(S) Lot Size Dimensions Misc. Parking >1 Space Per UnitAdd'l Parking AvailAssignedAuto Door OpenerCarportOther (See Remarks)Paved Parking Roads Sidewalk(S)Treated Roofing FoamOther (See Remarks)

    Interior Features

    1 Bedroom Unit Avg Sq Ft 1055 1 Bedroom Unit Baths 4 2 Bedroom Unit Avg Sq Ft 1194 2 Bedroom Units Baths 3 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 Bi Oven/RangeDishwasherDisposalF/S Oven/RangeMicrowaveOther (See Remarks)RefrigeratorW/D HookupWasher/Dryer Cooling Ceiling Fan(S)Energy Star Qualified EquipmentIndividualOtherSee Remarks Efficiency Unit Avg Sq Ft 1090 Efficiency Unit Baths 7 Floors Other Heating OtherSee Remarks Interior Amenities DrapesFire/Smoke Alarm(S)FurnishedOther (See Remarks)Security Alarm(S)Vertical BlindsWater Softener(S)Wet Bar(S)

    Property Features

    1 Bedroom Unit Avg Rent 5490.00 1 Bedroom Units 3 2 Bedroom Unit Avg Rent 5490.00 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 247898.70 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1500.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 600.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Ownr Asoc Fee 59028.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities BarbecueClubhouseExercise RoomGame/Rec RoomHeated Pool(S)OtherPoolSee Remarks Cross Street 4th Ave & Mckinley Efficiency Unit Avg Rent 5490.00 Efficiency Units 5 Electric ApsOther (See Remarks) Gas Other (See Remarks)Sw Gas Gross Annual Sch Inc 260946.00 Hoa YN Yes Net Operating Income 168746.00 New Financing ConventionalOther (See Remarks) Operating Exp 68597.00 Other Income 0.00 Other Type House + Rental UnitsOther (See Remarks)Packaged Offering Owner Pays OtherSee Remarks Project Type 5 - 12 UnitsOther (See Remarks) Sale Includes Other (See Remarks)Personal Property Sewer Other (See Remarks)Sewer - Public Source Of Financial Data Other (See Remarks)Projected Proforma Special Exclusion(S) Srmks Tax Municipality Phoenix Taxes 7469.00 Tenant Pays NoneOther (See Remarks) Vacancy Allowance 0.05 Water City FranchiseOtherSee Remarks Zoning Residential

    Listing courtesy of My Home Group 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 2021-10-17T00:17:50.32.
     
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    Long Realty Company
    4051 E. Sunrise Dr, Suite 101
    Tucson AZ, 85718