$875,000
Phoenix, AZ 85006
MLS# 6523676
1 / 49
Property Description
This is truly a NN Lease from a National Short Term Rental Co. All you pay is insurance and property taxes. Property is leased for three years w/increases in rents each year.Great opportunity to own this delightfulDuplex in one of the hottest areas in Phoenix! Located in Midtown which is a district that mixes historic buildings with hip & trending establishments! The upgraded interior boasts fresh paint, stylish wood-like tile flooring, & sizable living/dining areas. All new dual pane windows, new doors, brand new hot water heaters.Each unit is individually metered. Renovated kitchen showcases large shaker cabinets, lavish quartz counters, & shimmering stainless steel appliances. Bedrooms enjoy abundant natural light, upgraded ceiling fans, & walk-in closets.Buyer to verify all facts
Details
Maps
Contract Info
Current Price: $875,000
List Price: $875,000
Status: Active
List Date: 2023-02-22
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P35
House Number: 1844
Compass: E
Street Name: SHERIDAN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1816
Country: USA
County Code: Maricopa
Legal Description (Abbrev): GREENFIELD AC TR 2 LOT 40 E 60' OF W 245' EX N 140' & EX S 25'
Subdivision: GREENFIELD ACRES TRACT 2
Assessor's Map #: 6
Assessor's Parcel #: 43
Assessor Parcel Ltr: P
Add'l Parcels: No
Assessor Number: 117-06-043-P
Legal: GREENFIELD AC TR 2 LOT 40 E 60' OF W 245' EX N 140' & EX S 25'
Census Tract: 111602
Tax Municipality: Phoenix
Taxes: 975
Tax Year: 2023
Marketing Name: Remodeled Duplex
General Property Description
Lot Size Dimensions: irr
Year Built: 1958
Uncvrd Parking Spcs: 3
Total # of Units: 2
# of Buildings: 1
Zoning: R-3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 16th Street and Sheridan
Directions: East on Sheridan-Property is on the north side of the street
Geo Lat: 33.475078
Geo Lon: -112.041508
Status Change Info
Status Change Date: 2023-06-07
Legal Info
Township: 2N
Range: 3E
Section: 34
Lot Number: 40
Income & Expenses
Annual Ins Exp: 1100
Owner Association: No
Operating Exp: 2075
Gross Annual Sch Inc: 47064
Adjusted Gross Inc: 47064
Totl Mnth Rntal Inc: 3922
Net Operating Income: 44989
Pmt & Rate Info
Cap Rate: 5.14
Equity: 875000
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1895
Avg SqFt: 900
# Baths: 1
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s)
Interior Amenities: Fire/Smoke Alarm(s); Other (See Remarks)
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump; Individual
Water: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: None
Parking: Carport; >1 Space Per Unit; Add'l Parking Avail; RV/Boat Parking; Free
Roads/Streets: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electric; Trash; Cable TV; Landscaping; Other (See Remarks)
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible; Sch of Personal Prop; Other (See Remarks)
Environmental: None
Supplements
Historic neighborhoods in Midtown Phoenix near major employers, freeways, and boutiques and popular eateries. The Sheridan Duplex is located south of the intersection of 16th Street and Thomas Road, allowing easy access to Downtown Phoenix, Midtown Phoenix, the Valley freeway system and numerous employers. Very close to amazing eateries, shopping, and freeways.
Additionally, within two blocks is Phoenix Children's Hospital. U.S. News & World Report has recognized Phoenix Children's as a Best Children's Hospital seven years in a row.
The Arizona State Route 51, also known as the Piestewa Freeway, is a numbered state highway in Phoenix, Arizona. It connects Interstate 10 just outside Downtown Phoenix with Loop 101 on the north side of Phoenix, making it one of the area's major freeways. This is located one-half mile from the property.
Listing Office: Gerchick Real Estate
Last Updated: April - 16 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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