$1,595,000
Phoenix, AZ 85009
MLS# 6683135
1 / 24
Property Description
The Property The property at 3121-3123 W Almeria Rd in Phoenix, AZ, zip code 85009, is a two-building residential complex situated on a 13,260 square feet plot of land. Zoned as R-4, it encompasses a total area of 4,416 square feet. The parcel number associated with this property is 108-26-108-C-D Comprising eight apartment units, this building offers a mix of one-bedroom accommodations. Recent rent studies suggest that the current rental rates can be increased, potentially reaching $1,250 per unit. Therefore, the property holds promising income potential and presents an attractive investment opportunity for prospective buyers.
Details
Maps
Contract Info
Current Price: $1,595,000
List Price: $1,595,000
Status: Active
List Date: 2024-03-27
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 3123
Compass: W
Street Name: ALMERIA
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 2455
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 5 BLOCK 24 NORTHWEST HOMESITES 2 BLKS 20-26 MCR 004145
Subdivision: NORTHWEST HOMESITES 2 BLKS 20-26
Assessor's Map #: 26
Assessor's Parcel #: 107
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Assessor Number: 108-26-107-C
Legal: LOT 5 BLOCK 24 NORTHWEST HOMESITES 2 BLKS 20-26 MCR 004145
Census Tract: 112100
Tax Municipality: Phoenix
Taxes: 2991
Tax Year: 2023
Marketing Name: 8 unit
General Property Description
Lot Size Dimensions: irr
Year Built: 1966
Uncvrd Parking Spcs: 10
Total # of Units: 8
# of Buildings: 2
Zoning: R-4
Elementary School District: Isaac Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: McDowell and 31st Ave
Directions: East on McDowell, North on 32nd Ave, East on Almeria to property
Geo Lat: 33.466589
Geo Lon: -112.127205
Status Change Info
Status Change Date: 2024-03-27
Legal Info
Township: 2N
Range: 2E
Section: 35
Block: 24
Lot Number: 5
Income & Expenses
Annual Ins Exp: 3023
Annual Landscape Exp: 600
Annual Maint Exp: 1200
Annual Mgmt Exp: 7704
Annual Wtr/Swr Exp: 7650
Owner Association: No
Annual Other Expense: 400
Operating Exp: 23568
Gross Annual Sch Inc: 98679
Other Income: 400
Vacancy Allowance: 0.03
Adjusted Gross Inc: 96106.63
Totl Mnth Rntal Inc: 8223
Net Operating Income: 72733
Pmt & Rate Info
Cap Rate: 4.56
Down Payment %: 30
Monthly Payments: 5500
Equity: 1595000
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 1100
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building; Personal Property
Payment Includes: Interest
Community Amenities: No Pool
Appliances Included: F/S Oven/Range; Refrigerator; W/D Hookup
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: SW Gas; Individual Meter
Parking: Street Parking; >1 Space Per Unit; Free
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s); Alley
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner
Lockbox Type: None
New Financing: CTL; Seller May Carry; Wraparound
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible; Sch of Personal Prop; Other (See Remarks)
Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: April - 21 - 2024
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