$355,000 1721 S 4th Street Phoenix, AZ

MLS: 5600262   Type: Multi-Family   County: Maricopa   City: Phoenix   Zip: 85004     Taxes: $659

Mortgage $1,667 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

4

4

0

2,000

0

1944

8 apartments and 4 manufactured units on this property. Remodeled with new month to month leases in place. FULLY OCCUPIED - All units are filled and there is waiting list. Tenants are mostly fixed income and faithfully pay on time. Rents are an average of $442/mo with some new leases at $500 mark. Current ownership has not implemented rent increases throughout the complex, yet has prepared the tenants for the inevitable increase .... which will yield increased CAP. Not super beautiful ... just makes money. With current rents/expenses the CAP is solid 16%. PLEASE SCHEDULE APPOINTMENT TO VIEW. Seller has added coin operated laundry facility and soda machine which will convey - neither are calculated in the CAP.

Elementary School

Middle School

High School

Lowell - Phoenix
Distance: 0.58 Miles
Lowell Elementary School - Phoenix
Distance: 0.58 Miles
South Mountain
Distance: 5.85 Miles

Price History

2/26/2018 Listed $325,000

1 Bedroom Units: Avg Rent 450.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
3 Bedrooms Units: Avg Sqft 0
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
Construction Block
Elementary School Lowell Elementary School - Phoenix
High School South Mountain High School
Listing Status Active
Middle School Lowell Elementary School - Phoenix
Net Income 52439.88
New Financing Conventional
Owner Pays Water, Trash, Gas, Electric, Sewer
Property Type F
Public Remarks
School District 001 - Phoenix Elementary District
Tenant Pays Other (See Remarks)
Type ER
Year Built 1944
Zoning R-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 4
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 500
2 Bedroom Units: # 2 Bedroom Units 0
2 Bedroom Units: # Baths 0
2 Bedroom Units: Avg Sqft 0
3 Bedrooms Units: # 3 Bedroom Units 0
3 Bedrooms Units: # Baths 0
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included F/S Oven/Range, Refrigerator
Cooling Electric Refrigeratd
Electric APS
Floors Carpet, Vinyl/Composition, Ceramic Tile
Gas SW Gas
Heating Electric, Individual, Gas
Interior Features Partially Furnished
Total Number of Units 12.00

Exterior Features

Complex Features Other (See Remarks)
Const - Finish Painted, Stucco
Covered Parking Spcs 0.00
Exterior Features Fenced
Lot Size Dimensions 6333
Parking Free
Roof Comp Shingle, Metal
Sewer Sewer - Public
Total Parking Spcs 12.00
Water City Franchise

Property Schools



Direct Link:

http://aaa.joshuasmithrealestategroup.com/property/22-5600262-1721-S-4th-Street-Phoenix-AZ-85004

Gallery (10 photos)

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Property vs Zip Code Avg (85004)

Price 355K Avg 355K

Sqr Feet 2,000 Avg 2,000

Cost / Sqr Ft $178 Avg $178

Taxes $659 Avg $659

Visits 26 Avg 27

Days on Site 11 Avg 11

Walkscore® 36 Avg 36

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Listing Provided Courtesy Of: My Home Group Real Estate, LLC




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Location & Address

Angela A. Applegate
15027 W. Bell Rd. Suite 150
Surprise, AZ
480-808-0900