2646 E Willetta Street

Phoenix, AZ 85008
  • $475,000
  • STATUS: Active
  • ON SITE: 8 days
  • MLS #: 5988388
UPDATED: 55 min ago
$475,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1965
County:
Area:

School Information

Description

INVESTMENT OPPORTUNITY - Multiple Offers Received, please submit your highest and best by 5PM on Wednesday, October 16 - currently yielding $34,387 Net Operating Income. A $475,000 purchase price generates a 7.24% as-is return, with rental rate upside. Great stabilized, fully renovated and cash-flowing investment opportunity near Downtown Phoenix, 10 minutes from Arcadia and Old Town Scottsdale, minutes from 202 Freeway, ASU and the 1Billion $ data center potentially slated for development at 40th Street and McDowell Rd. 1 year leases in place for all 3 units with automatic renewal and rental increases at 5%/year on the anniversary of the original lease date. Regarding financing, seller may consider a Seller Carryback if buyer prefers not to deal with conventional lenders for the initial

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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/99653713

2646 E Willetta Street Phoenix, AZ 85008

  • Price: $475,000
  • Status: Active
  • Updated: 55 min ago
  • MLS #: 5988388
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Del Rey Lots 21-58 & Lot 99
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
INVESTMENT OPPORTUNITY - Multiple Offers Received, please submit your highest and best by 5PM on Wednesday, October 16 - currently yielding $34,387 Net Operating Income. A $475,000 purchase price generates a 7.24% as-is return, with rental rate upside. Great stabilized, fully renovated and cash-flowing investment opportunity near Downtown Phoenix, 10 minutes from Arcadia and Old Town Scottsdale, minutes from 202 Freeway, ASU and the 1Billion $ data center potentially slated for development at 40th Street and McDowell Rd. 1 year leases in place for all 3 units with automatic renewal and rental increases at 5%/year on the anniversary of the original lease date. Regarding financing, seller may consider a Seller Carryback if buyer prefers not to deal with conventional lenders for the initial
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities FencedPartially FencedRv/Boat ParkingSeparate Storage Lot Size Dimensions 60.10 X 145.02 Parking Paved ParkingStreet Parking>1 Space Per UnitRv/Boat Parking Roads Asphalt/BlacktopSidewalk(S) Roofing Comp Shingle Total Parking Spaces 6.00

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 1000 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 1004 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorDisposalMicrowaveWasher/DryerNone Cooling Central A/CElectric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic Tile Heating ElectricCentralCeiling Fan(S) Interior Amenities Fire/Smoke Alarm(S)Mini Blinds

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities No Pool Cross Street Mcdowell Rd & 32nd St Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 0.00 New Financing ConventionalSeller May Carry Operating Exp 1163.00 Other Income 0.00 Other Type House + Rental Units Owner Pays None Project Type Duplex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1163.00 Tenant Pays WaterSewerElectricGasTrashCable TvLandscaping Totl Mnth Rntal Inc 0.00 Vacancy Allowance 0.00 Water City Franchise Zoning R3

Listing courtesy of Realty One Group.


© 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
3341 E Queen Creek Rd #109
Gilbert AZ, 85142