1803 N 31ST Place

    Phoenix, AZ 85008
    • $1,250,000
    • STATUS: Active
    • ON SITE: 74 days
    • MLS #: 5855203
    UPDATED: 153 min ago
    $1,250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1958
    County:
    Area:

    School Ratings & Info

    Description

    Lee & Associates is pleased to present the opportunity to acquire Spanish Place Apartments which possesses 14, single story apartment units. Two of the models units have been recently renovated and leased. The remaining 12 units which are unrenovated, with most in a ''shell'' condition offer an investor the opportunity to immediately rehab these units. This property has tremendous value-add potential primarily through capital infusion for interior unit remodel. The owner also owns the adjacent buildable lot to the north which can be purchased independent of the 14 existing units.Tours by appointment only. Please do not disturb tenants.

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    © 2019 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2019-02-20T00:12:01.797.
    www.yosthomes.com/homes/89933470

    1803 N 31ST Place Phoenix, AZ 85008

    • Price: $1,250,000
    • Status: Active
    • Updated: 153 min ago
    • MLS #: 5855203
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1958
    Built
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    014 - Creighton Elementary District
    Property Description
    Lee & Associates is pleased to present the opportunity to acquire Spanish Place Apartments which possesses 14, single story apartment units. Two of the models units have been recently renovated and leased. The remaining 12 units which are unrenovated, with most in a ''shell'' condition offer an investor the opportunity to immediately rehab these units. This property has tremendous value-add potential primarily through capital infusion for interior unit remodel. The owner also owns the adjacent buildable lot to the north which can be purchased independent of the 14 existing units.Tours by appointment only. Please do not disturb tenants.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingOther (See Remarks)Partially Fenced Lot Size Dimensions 58371 Parking Paved Parking Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 22.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 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 2 Or More UnitsWindow/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Concrete Heating Other (See Remarks) Interior Amenities Other (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 818.00 1 Bedroom Units 6 2 Bedroom Unit Avg Rent 925.00 2 Bedroom Units 8 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 146111.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 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 0.00 Community Amenities No PoolOther (See Remarks) Cross Street 32nd Street & Mcdowell Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 146111.00 Hoa YN No Net Operating Income 103737.00 New Financing Conventional Operating Exp 3774.00 Other Income 0.00 Owner Pays Other (See Remarks) Project Type 13 - 24 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 3774.00 Tenant Pays Electric Vacancy Allowance 0.00 Water Other (See Remarks) Zoning R-3

    Listing courtesy of Lee & Associates.
    © 2019 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2019-02-20T00:12:01.797.
     
    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122