1812 N 31ST Place

Phoenix, AZ 85008
  • $610,000
  • STATUS: Active
  • ON SITE: 7 days
  • MLS #: 5988481
UPDATED: 32 min ago
$610,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1972
County:
Area:

School Information

Description

Desirable unit mix featuring a majority two and three-bedroom floorplans. Unit interiors are lightly renovated and community space leaves an opportunity to enhancevisual appeal, security systems and laundry facilities for the next investor. Located 1.3 miles from loop 202 Expressway allowing for convenient transit to the downtown and midtown phoenix employment corridors. Only slightly further to Highway 51, allowing quick access to the Biltmore and North Phoenix. Room for significant operational improvement.Without significant capital expense, the property isanticipated to stabilize at a 7.24% cap rate basedon the pro forma when compared to the offeringprice.

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© 2019 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 Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group. Data last updated 2019-10-15T12:11:19.673.
www.thejesseherfelgroup.com/homes/99663686

1812 N 31ST Place Phoenix, AZ 85008

  • Price: $610,000
  • Status: Active
  • Updated: 32 min ago
  • MLS #: 5988481
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1972
Built
County:
Maricopa
Area:
Phoenix
Elementary School:
Creighton Elementary School
Middle School:
Creighton Elementary School
High School:
Camelback High School
School District:
014 - Creighton Elementary District
Property Description
Desirable unit mix featuring a majority two and three-bedroom floorplans. Unit interiors are lightly renovated and community space leaves an opportunity to enhancevisual appeal, security systems and laundry facilities for the next investor. Located 1.3 miles from loop 202 Expressway allowing for convenient transit to the downtown and midtown phoenix employment corridors. Only slightly further to Highway 51, allowing quick access to the Biltmore and North Phoenix. Room for significant operational improvement.Without significant capital expense, the property isanticipated to stabilize at a 7.24% cap rate basedon the pro forma when compared to the offeringprice.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Lot Size Dimensions 73 X 166 Parking Carport Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 12.00

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Other (See Remarks) Cooling Individual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 1 Floors CarpetCeramic Tile Heating Individual Interior Amenities Unfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 965.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 1100.00 3 Bedroom Units 2 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 62604.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1200.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1714.00 Annual Legal And Acctg 723.00 Annual Maint Exp 2772.00 Annual Mgmt Exp 3420.00 Annual Other Expense 574.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 1200.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 5141.00 Community Amenities No Pool Cross Street Mcdowell & 32Nd Street Efficiency Unit Avg Rent 695.00 Efficiency Units 2 Electric Srp Gas Sw Gas Gross Annual Sch Inc 66240.00 Hoa YN No Mobile Home Park Total Number Spaces 12 Net Operating Income 47073.00 New Financing Conventional Operating Exp 18389.00 Other Income 360.00 Owner Pays Other (See Remarks) Project Type 5 - 12 Units Sale Includes Land & BuildingOther (See Remarks) Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1645.00 Tenant Pays Other (See Remarks) Vacancy Allowance 0.06 Water Individual MeterOther (See Remarks) Zoning M-M

Listing courtesy of Platinum Living Realty.


© 2019 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 Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group. Data last updated 2019-10-15T12:11:19.673.
 
Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group
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