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1623 E Pinchot Avenue

Phoenix, AZ 85016
  • $800,000
  • STATUS: Active
  • MLS #: 6257763
UPDATED: 36 min ago
$800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:
Area:

School Information

Description

1621 and 1623 E. Pinchot are being sold together as a 6 Unit Garden Style MultiFamily Complex on two parcels located within Midtown Central Phoenix. This is a high demand rental market with strong submarket fundamentals. Built in 1955 and 1958 , the single story block construction offers a value add opportunity on a property that has been well maintained.The exterior features low maintenance desert landscaping, a new roof on the 1623 building in 2020, spacious common areas and covered parking. With four units on one parcel and two on the second, this multi-family opportunity qualifies for residential financing to createadditional upside. Properties must be purchased together.

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© 2021 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 My Home Group. Data last updated 2021-07-28T10:11:31.94.
www.yournextvalleyhome.com/homes/118841849
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1623 E Pinchot Avenue Phoenix, AZ 85016

  • Price: $800,000
  • Status: Active
  • Updated: 36 min ago
  • MLS #: 6257763
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1958
Built
Neighborhood:
Gardendale Add.
County:
Maricopa
Area:
Phoenix
Elementary School:
Loma Linda Elementary School
Middle School:
Loma Linda Elementary School
High School:
North High School
School District:
014 - Creighton Elementary District
Property Description
1621 and 1623 E. Pinchot are being sold together as a 6 Unit Garden Style MultiFamily Complex on two parcels located within Midtown Central Phoenix. This is a high demand rental market with strong submarket fundamentals. Built in 1955 and 1958 , the single story block construction offers a value add opportunity on a property that has been well maintained.The exterior features low maintenance desert landscaping, a new roof on the 1623 building in 2020, spacious common areas and covered parking. With four units on one parcel and two on the second, this multi-family opportunity qualifies for residential financing to createadditional upside. Properties must be purchased together.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Cable Tv AvailableDesert LandscapingPartially FencedPatio/Balcony Lot Size Dimensions 56 X 112 Parking 1 Space/UnitCarportFreePaved ParkingStreet Parking Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 450 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 600 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 F/S Oven/RangeRefrigeratorW/D Hookup Cooling IndividualWindow/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating ElectricGas Interior Amenities Fire/Smoke Alarm(S)UnfurnishedVertical Blinds

Property Features

1 Bedroom Unit Avg Rent 650.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 1083.33 2 Bedroom Units 2 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 42720.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1400.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 666.68 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 2240.00 Community Amenities No Pool Cross Street Thomas Road And 16th Street Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 42600.00 Hoa YN No Net Operating Income 36908.32 New Financing 1031 ExchangeConventional Operating Exp 5811.68 Other Income 120.00 Other Type Other (See Remarks)Packaged Offering Owner Pays LandscapingSewerTrash CollectionWater Payment Includes InterestPrincipal Project Type Four Plex Sale Includes Land & Building Sewer Sewer-In & Connected Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1505.00 Tenant Pays Cable TvElectricGas Totl Mnth Rntal Inc 3550.00 Vacancy Allowance 0.00 Water City FranchiseMaster Meter Zoning R1-6

Listing courtesy of Bld Real Estate.


© 2021 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 My Home Group. Data last updated 2021-07-28T10:11:31.94.
 
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8360 E Raintree Drive, Suite 205
Scottsdale AZ, 85260