Fourplex in East Central Phoenix All 2 bedrooms

04-18-2022
06-06-2022

2540 N 17th Way, Phoenix, AZ 85006

All 2 bedroom Units
Central (EAST) Phoenix Location
Owner Owned Laundry Room
New Asphalt Parking Lot
Covered Parking
Rents can be raised
New Exterior Modern Paint
New Rear Fence

Property Description

Great opportunity to own this delightful fourplex in one of the hottest areas in Phoenix!  Located in Midtown which is a district that mixes historic buildings with hip & trending establishments!  Each unit is individually metered.  New Asphalt covered parking. Coin Op. Laundry, New landscaping and new exterior paint.Did we talk about the location? Is close to numerous restaurants & shopping centers. Don't miss this one!
Exterior painting is still underway.  Buyer to verify all facts and figures.

Key Property Information

Listing Status
Available
Multifamily type
2-4 Units
Price
$ 995,000
No. of Units
4
Cap Rate
4.45%
Year Built
1971
Building Size
2,790 Sq ft
Lot Size
10593 sq ft
No. of Stories
1
APN
117-05-071-A
Zoning Code
M-M
No. of Parking Spots
8
Opportunity Zone
No
Buy Side Fee
3%
Price per unit
$ 248,750

Financial Details

Income/Expense Info
Pro Forma
Financial Year
2022
Gross Income
$ 58,600
Effective Gross Income
$ 56,872
Operating Expenses
$ 12,599
Net Operating Income
$ 56,872
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33.476537, -112.044167

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