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    908 E Pasadena Avenue

    Phoenix, AZ 85014
    • $1,150,000
    • STATUS: Active
    • ID#: 6302695
    UPDATED: 138 min ago
    $1,150,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1924
    County:
    Area:

    School Ratings & Info

    Description

    Amazing investment opportunity in sought after Midtown Phoenix! Charming Single family (4 bed/2bath) home with a duplex (2-1 bed/1bath units) in the back for a total of 3 units. All properties were completely renovated in 2021 including new roofs, HVAC units, tile flooring throughout, stainless steel appliances, inside washer/dryer, new landscaping, and so much more! Every detail down to a have a doggie-door installed in each unit was thought out. Treat as a Tri-Plex or live in the 4/2 main home and rent out the 2 units in back. Either way you will enjoy excellent income potential! Phoenix recently saw the highest monthly rent growth in the nation (RealPage). Cromford Index reported an increase of 24.2% in median rental list price Q3 2021 over Q3 2020 Duplex rented for $2,980 per month

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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/122081641
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    908 E Pasadena Avenue Phoenix, AZ 85014

    • Price: $1,150,000
    • Status: Active
    • Updated: 138 min ago
    • ID#: 6302695
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1924
    Built
    Neighborhood:
    Smith Place Blocks 1 2 4 5
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    038 - Madison Elementary District
    Property Description
    Amazing investment opportunity in sought after Midtown Phoenix! Charming Single family (4 bed/2bath) home with a duplex (2-1 bed/1bath units) in the back for a total of 3 units. All properties were completely renovated in 2021 including new roofs, HVAC units, tile flooring throughout, stainless steel appliances, inside washer/dryer, new landscaping, and so much more! Every detail down to a have a doggie-door installed in each unit was thought out. Treat as a Tri-Plex or live in the 4/2 main home and rent out the 2 units in back. Either way you will enjoy excellent income potential! Phoenix recently saw the highest monthly rent growth in the nation (RealPage). Cromford Index reported an increase of 24.2% in median rental list price Q3 2021 over Q3 2020 Duplex rented for $2,980 per month
    Exterior Features

    Construction BrickFrame - Wood Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Fenced Lot Size Dimensions 75'X135' Parking >1 Space Per UnitPaved ParkingStreet Parking Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 625 1 Bedroom Unit Baths 1 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 1168 4 Bedroom Unit Baths 2 Appliances Included DishwasherDisposalF/S Oven/RangeMicrowaveRefrigeratorWasher/Dryer Cooling Ceiling Fan(S)ElectricHeat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating ElectricHeat Pump Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 1490.00 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 2198.00 4 Bedroom Units 1 Adjusted Gross Inc 59040.60 Annual Elec Exp 2340.00 Annual Gas Exp 300.00 Annual Ins Exp 1135.00 Annual Landscape Exp 1440.00 Annual Maint Exp 1050.00 Annual Mgmt Exp 4132.00 Annual Other Expense 600.00 Annual Ownr Asoc Fee 0.00 Annual Rplcmnt Rsrvs 600.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 2280.00 Community Amenities No Pool Cross Street 10th St & Camelback Rd Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 62148.00 Hoa YN No Net Operating Income 41037.52 New Financing 1031 ExchangeConventionalFhaVa Operating Exp 16694.00 Other Income 0.00 Other Type House + Rental Units Owner Pays GasTrash CollectionWater Payment Includes InterestPrincipal Project Type Tri-Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 2817.00 Tenant Pays ElectricGasOther (See Remarks)SewerTrashWater Vacancy Allowance 0.05 Water City Franchise Zoning R3 Multifamily

    Listing courtesy of Coldwell Banker Realty.


    © 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