Contacts
Carla J. Magee
MHG Commercial, a division of My Home Group
(480) 359-7796
Property Details
- Property Type Multi-Family
- Property Size 6,400 SF
- Units 6
- Lot Size 0.48 Acre
- # of Floors 1
- Parking Spaces Avail. 10
- Parking Ratio 1.56 / 1,000 SF
- Building Class C
- Year Built 1936
- Date Updated Mar 13, 2024
Proforma
Net Operating Income
Adjusted Annual Gross Income $177,087
- Annual Operating Expenses $35,005
= Annual Net Operating Income $142,082
Cap Rate 8.12%
A multi-unit residential building, which features shared laundry facilities with new washer/dryers that are accessible to tenants. Additionally, the property has RUBS in place per unit for power costs. Gas is onsite, and there are six shared water heaters.
Units 1-4 share the green space to enjoy outdoor living. Each unit also has a patio and/or yard space. Onsite storage for owner's maintenance items.
Guaranteed rental income from five section 8 tenants already in place. One unit is currently being completed and the remaining three will also be rented to section 8 tenants.
This charming area boasts a delightful mix of residential homes, apartments, and multi-unit buildings. Getting around town is a breeze with major freeways like the I-17 and AZ-51 located nearby, providing convenient access to other parts of the city. Public transportation options are also available, allowing residents to commute with ease.
The area's breathtaking parks and outdoor spaces, such as Cave Creek Park and the North Mountain Preserve, offer hiking trails, picnic areas, and stunning views. When it's time to wind down, there are plenty of options to indulge in, including several shopping centers and restaurants, including the Metrocenter Mall and a variety of fast-food chains.
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Attachments
Getting around
-
64/100
Walk Score ®
-
52/100
Transit Score ®
-
74/100
Bike Score ®
Location
- City Phoenix, AZ
- Neighborhood North Mountain Village
- Zip Code 85021
- Market Phoenix
Points of Interest
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19th Ave/ Dunlap
0.49 miles
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Northern/ 19th Ave
1.50 miles
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Glendale/ 19th Ave
2.51 miles
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19th Ave/ Montebello
3.69 miles
-
19th Ave/ Camelback
4.45 miles
-
7th Ave/ Camelback
4.55 miles
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Central Ave/ Camelback
4.70 miles
-
Campbell/ Central Ave
5.20 miles
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Indian School/ Central Ave
5.58 miles
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Osborn/ Central Ave
6.18 miles
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QuikTrip
0.43 miles
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Circle K
0.47 miles
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QuikTrip
1.36 miles
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Union 76
1.46 miles
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Circle K
1.47 miles
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Circle K
1.55 miles
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propane
1.58 miles
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QuikTrip
1.81 miles
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Circle K
1.86 miles
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Arco
1.86 miles
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Sunnyslope High School
1.41 miles
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Sunnyslope Post Office Parking
1.90 miles
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Church Catholic Lot
2.01 miles
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Student Parking Lot
2.63 miles
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Faculty Parking Lot
2.70 miles
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19th Ave and Montebello Park and Ride
3.82 miles
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Myrtle Tunnel Trail Head
3.93 miles
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75 - Rivers Parking Garage
4.19 miles
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Missouri Garage
4.25 miles
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Metro Rail Park'n'Ride
4.51 miles
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Sheraton Crescent Hotel
1.09 miles
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Comfort Suites
1.12 miles
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Homewood Suites by Hilton Phoenix-Metro Center
1.15 miles
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Premiere Inns
1.25 miles
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Hyatt Place Phoenix-North
1.31 miles
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DoubleTree by Hilton Phoenix North
1.34 miles
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Residence Inn
1.46 miles
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Motel 6
1.53 miles
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Quality Inn Phoenix North I-17
1.53 miles
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Super 8
1.54 miles
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El Rancho Market
0.54 miles
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Burlington
1.34 miles
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Sprouts Farmers Market
1.35 miles
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Albertsons
1.35 miles
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Metrocenter Mall
1.37 miles
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Walmart Supercenter
1.39 miles
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Ross
1.55 miles
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Walmart Neighborhood Market
1.56 miles
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dd's Discounts
1.62 miles
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Desert Mission Food Bank
1.72 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Carla J. Magee
MHG Commercial, a division of My Home Group
(480) 359-7796