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1626 W Garfield Street

Phoenix, AZ 85007
  • $515,000
  • STATUS: Active Under Contract
  • ON SITE: 344 Days
  • MLS #: 6332720
Under Contract
UPDATED: 30 min ago
$515,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1947
County:
Area:

School Information

Elementary School:

Description

HUGE REDUCTION TO BELOW MARKET. PRICED TO SELL! Investment opportunity with tons of flexibility and upside. Professionally managed, CASH-FLOWING fourplex in a downtown location with great access. Two 2BR/1BA and two studio/1BA. 2 units have just had turn work completed. Newer AC. Lots of flexibility -- move in with low down payment FHA loan or turn key lease. Shared onsite laundry with newer washer and dryer. All units are separately metered and NO HOA. Low-maintenance desert landscaping with plenty of parking in front and in back. Space for toys/trailers/etc. Rents are below market with room to raise! TENANT RIGHTS, PLEASE DRIVE BY ONLY - SHOWINGS ONLY AFTER ACCEPTED OFFER. **Vacant units are being marketed for lease. Act now for maximum flexibility**

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Arizona Regional MLS logo© 2022 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 The Mealey Team | West USA Realty, Inc.. Data last updated 2022-11-26T18:17:43.82.
www.themealeyteam.com/homes/124121090
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1626 W Garfield Street Phoenix, AZ 85007

  • Price: $515,000
  • Status: Active Under Contract
  • On Site: 344 Days
  • Updated: 30 min ago
  • MLS #: 6332720
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1947
Built
Neighborhood:
Las Flores
County:
Maricopa
Area:
Phoenix
Elementary School:
Pima Elementary School
School District:
001 - Phoenix Elementary District
Property Description
HUGE REDUCTION TO BELOW MARKET. PRICED TO SELL! Investment opportunity with tons of flexibility and upside. Professionally managed, CASH-FLOWING fourplex in a downtown location with great access. Two 2BR/1BA and two studio/1BA. 2 units have just had turn work completed. Newer AC. Lots of flexibility -- move in with low down payment FHA loan or turn key lease. Shared onsite laundry with newer washer and dryer. All units are separately metered and NO HOA. Low-maintenance desert landscaping with plenty of parking in front and in back. Space for toys/trailers/etc. Rents are below market with room to raise! TENANT RIGHTS, PLEASE DRIVE BY ONLY - SHOWINGS ONLY AFTER ACCEPTED OFFER. **Vacant units are being marketed for lease. Act now for maximum flexibility**
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingFencedPartially FencedSecurity Light(S) Lot Size Dimensions Irr Parking >1 Space Per Unit1 Space/UnitAdd'l Parking Avail Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 750 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 DisposalF/S Oven/RangeRefrigeratorW/D Hookup Cooling Ceiling Fan(S)Central A/C Efficiency Unit Avg Sq Ft 350 Efficiency Unit Baths 1 Floors Ceramic Tile Heating Heat Pump

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1050.00 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 38610.00 Annual Ins Exp 1000.00 Annual Maint Exp 500.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 1800.00 Community Amenities No Pool Cross Street Roosevelt & 15th Ave Efficiency Unit Avg Rent 750.00 Efficiency Units 2 Electric Aps Gas Other (See Remarks) Gross Annual Sch Inc 39000.00 Hoa YN No Net Operating Income 42690.48 New Financing 1031 ExchangeConventionalFhaVa Operating Exp 4162.00 Other Income 0.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 862.00 Tenant Pays Electric UCB Ccbs (Contract Contingent On Buyer Sale) Vacancy Allowance 0.01 Water City Franchise Zoning R5

Arizona Regional MLS logo Listing provided by Silverhawk Realty: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2022 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 The Mealey Team | West USA Realty, Inc.. Data last updated 2022-11-26T18:17:43.82.
 
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The Mealey Team | West USA Realty, Inc.
7077 E Marily Rd, 4
Scottsdale AZ, 85254