$570,000
$599,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
1526 W MCKINLEY Street Phoenix, AZ 85007
Key Details
Sold Price $570,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Homestead Place
MLS Listing ID 6001679
Sold Date 03/06/20
Maintenance Fees $1,800
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1940
Annual Tax Amount $877
Tax Year 2019
Lot Dimensions 6,250 sqft
Property Description
Townhome like apartments with large PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $5028, $60,336 yearly. 11.5% Gross cap, 100% occupied. Tenant paid utilities on RUBS!! Just remodeled. New HVAC, new electrical panel, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Awesome unit mix of 1, 3 bed x2 bath, 1, 3 bed x 1 bath, 2, 2bed x 1 bath. This area is hot and transitioning in the Art District of Roosevelt. Hurry will not last with this strong of cashflow. Could add solar and reduce bills even more or charge for storage. Pet fees are quite low as well. P.S. the tenants love having there own private yards. Happy tenant mix.
Location
State AZ
County Maricopa
Community Homestead Place
Zoning R5
Direction South on 15th Avenue to McKinley St., West on McKinley to property on North side if street
Interior
Heating Heat Pump, Natural Gas
Cooling 2 or More Units, Individual, Electric
Flooring Wood
Appliance Dishwasher, Disposal, FS OvenRange, Refrigerator, WD Hookup, Microwave, WasherDryer
Exterior
Garage Common
Community Features Other, See Remarks, No Pool
Waterfront No
Roof Type Composition, Foam
Total Parking Spaces 7
Building
Sewer Public Sewer
Water Master Meter
New Construction Yes
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 111-25-037-A
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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Bought with Keller Williams Integrity First