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    740 E Alta Vista Road

    Phoenix, AZ 85042
    • $850,000
    • STATUS: Active
    • ON SITE: 83 days
    • MLS #: 6099551
    UPDATED: 30 min ago
    $850,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1968
    County:
    Area:

    School Ratings & Info

    Description

    Alta Vista provides an investor the opportunity to own 6 casita type rental units that provide a single-family feel. All units have their own fenced front and back yards. This property also allows the new owner the opportunity to add value on the current units as well as the option to develop more units on the property. The property is currently 100% occupied and the rents were in place prior to the extensive exterior upgrades completed, allowing new ownership to push rents at lease renewal. The current owner had plans created to add four additional units on the north side of the property. Within the last 3 months the following exterior improvements were completed: modern wood panel fencing, fresh white exteriorpaint, repaired/resealed roofs, artificial turf, and fresh asphalt.

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    © 2020 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 Maison DeBlanc Real Estate. Data last updated 2020-09-28T11:12:40.977.
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    740 E Alta Vista Road Phoenix, AZ 85042

    • Price: $850,000
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 6099551
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1968
    Built
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    066 - Roosevelt Elementary District
    Property Description
    Alta Vista provides an investor the opportunity to own 6 casita type rental units that provide a single-family feel. All units have their own fenced front and back yards. This property also allows the new owner the opportunity to add value on the current units as well as the option to develop more units on the property. The property is currently 100% occupied and the rents were in place prior to the extensive exterior upgrades completed, allowing new ownership to push rents at lease renewal. The current owner had plans created to add four additional units on the north side of the property. Within the last 3 months the following exterior improvements were completed: modern wood panel fencing, fresh white exteriorpaint, repaired/resealed roofs, artificial turf, and fresh asphalt.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Fenced Lot Size Dimensions 113X398 Parking Other (See Remarks) Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 768 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Other (See Remarks) Cooling Other (See Remarks) Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Other (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1000.00 2 Bedroom Units 6 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 105300.00 Annual Ins Exp 1375.00 Annual Maint Exp 3000.00 Annual Mgmt Exp 7200.00 Annual Other Expense 4750.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Community Amenities No Pool Cross Street Alta Vista Rd And 7th Street Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 70200.00 Hoa YN No Net Operating Income 52557.00 New Financing No Carry Operating Exp 17643.00 Other Income 0.00 Owner Pays Water Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1318.00 Tenant Pays Other (See Remarks) Totl Mnth Rntal Inc 6000.00 Vacancy Allowance 2.50 Water See Remarks Zoning R-3

    Listing courtesy of City To City Commercial.


    © 2020 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 Maison DeBlanc Real Estate. Data last updated 2020-09-28T11:12:40.977.
     
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