4022 E Portland Street

Phoenix, AZ 85008
  • $629,000
  • STATUS: Active
  • ON SITE: 76 days
  • MLS #: 5958606
UPDATED: 55 min ago
$629,000
  • 8
    BEDS
  • 0.18
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,144
    SQFT
  • $200
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1962
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

The Portland 8 apartments offers an investor the opportunity to acquire an 8 unit,workforce housing apartment community that was built in 1963 and significant ''valueadd'' potential. The property is individually metered, extensively xeriscaped and hassingle story units with all electric kitchens. The units have individual hot water heaters, washer/dryer hookups,individual outside storage, security front screen doors and private gated front patios.CurrentAchieved Rent2 Bed/1 Bath $997Proforma$95,712 Income$8,400 Exp$87,312 NOIThe Portland 8 is ideally located and surrounded by numerous job generators.Phoenix Sky Harbor International Airport is approximately 2 miles due south.

Monthly Payment Calculator



© 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 2019-10-15T11:11:21.253.
www.thejesseherfelgroup.com/homes/97427492

4022 E Portland Street Phoenix, AZ 85008

  • Price: $629,000
  • Status: Active
  • Updated: 55 min ago
  • MLS #: 5958606
8
Beds
4
Baths
0
½ Baths
0.18
Acres
3,144
SQFT
$200
$/SQFT
1962
Built
Neighborhood:
Whispering Palms
County:
Maricopa
Area:
Phoenix
Elementary School:
Balsz Elementary School
Middle School:
Balsz Elementary School
High School:
Camelback High School
School District:
031 - Balsz Elementary District
Property Description
The Portland 8 apartments offers an investor the opportunity to acquire an 8 unit,workforce housing apartment community that was built in 1963 and significant ''valueadd'' potential. The property is individually metered, extensively xeriscaped and hassingle story units with all electric kitchens. The units have individual hot water heaters, washer/dryer hookups,individual outside storage, security front screen doors and private gated front patios.CurrentAchieved Rent2 Bed/1 Bath $997Proforma$95,712 Income$8,400 Exp$87,312 NOIThe Portland 8 is ideally located and surrounded by numerous job generators.Phoenix Sky Harbor International Airport is approximately 2 miles due south.
Exterior Features

Building Style 2-3-4 Plex Carport Spaces 0.00 Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Dwelling Styles Attached Fencing Block Garage Spaces 0.00 Landscaping Gravel/Stone Back Pool Private No Pool Roofing Comp Shingle Slab Parking Spaces 4.00 Spa None

Interior Features

Basement YN No Bedrooms Plus 8.00 Cooling Refrigeration Dining Area Eat-In Kitchen Fireplace No Fireplace Flooring Tile Heating Electric Heat Interior Levels 1 Kitchen Features Range/Oven Elec Laundry Wshr/Dry Hookup Only Master Bathroom Full Bth Master Bdrm Separate Den Office No Sq Ft Range 3001 - 3500

Property Features

Assoc Rules Info Not Managed Association Fee Incl No Fees Builder Name Portland 8 Cap Imprv Impact Fee 0 Dwelling Type Apartment Style/Flat Hoa YN N Horses N Land Lease Fee YN No New Financing Cash Ownership Fee Simple Pad Fee YN No Rec Center N Sewer Sewer - Public Source Lot Sq Ft County Assessor Source Sq Ft County Assessor Special Listing Conditions N/A Tax Municipality Maricopa - County Tax Year 2018 Taxes 844.00 Total Monthly Fee Equiv 0.00 Utilities Aps Water City Water

Listing courtesy of Lee & Associates.


© 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 2019-10-15T11:11:21.253.
 
Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group
3341 E Queen Creek Rd #109
Gilbert AZ, 85142