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2302 N 46TH Street

Phoenix, AZ 85008
  • $1,440,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 6413827
UPDATED: 82 min ago
$1,440,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:
Area:

School Ratings & Info

Description

THIS PROPERTY IS BEING SOLD AS PART OF A PORTFOLIO AND MUST BE SOLD WITH 2 OTHER 4-PLEXES ON THE SAME STREET: 2328 N 46TH ST AND 2514 N 46TH STREET. TOTAL LIST PRICE FOR ALL 12 UNITS IS $4,200,000. The One Apartments on North 46th Street are three separatefourplexes located along a quiet street (they are not contiguous) inan extremely popular south Arcadia submarket. The properties arelocated in a beautiful residential neighborhood at the nucleus of thecity, less than 5 miles to the Biltmore, Phoenix Sky Harbor Airport,Downtown Scottsdale, and Tempe. This little strip of mid-centuryapartments has consistently maintained high occupancy levels dueto the increasingly popular architecture and central location. Unitsin this area rarely are available.The location is as central as it gets and allows residents to enjoy, with ease, so much of what Phoenix, Scottsdale, and Tempe has to offer. The nearest light rail stop is approximately 2 miles away, and there are many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes. The One Apartments sit in an extremely popular part of Phoenix. The fourplexes were built in the middle of the century with block construction and architecture that is extremely popular. All of the fourplexes on this street have a very unique, Ralph Haver-looking style that is incredibly desirable as far as mid-century architecture goes. Each property offers a beautiful common area and the units are all extremely spacious with tons of storage, large bedrooms, and plenty of living space. Each fourplex consists of three 2-bedroom / 2-bath units (very rare for this vintage) and one 1-bedroom / 1-bath unit. 6 of the 12 units have been updated (5 have interior washer / dryers) with the remaining units needing to be remodeled. The units on this street lease-up incredibly fast given the combination of spaciousness of the units, mid-century architecture, quaint nature of the area, and prime location with proximity to Central Phoenix, Scottsdale, as well as Tempe and the Arizona State University Campus.

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Arizona Regional MLS logo© 2022 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 2022-06-28T10:16:55.7.
www.yosthomes.com/homes/129654555
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2302 N 46TH Street Phoenix, AZ 85008

  • Price: $1,440,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 82 min ago
  • MLS #: 6413827
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
Neighborhood:
Thomas Mall Subdivision
County:
Maricopa
Area:
Phoenix
School District:
031 - Balsz Elementary District
Property Description
THIS PROPERTY IS BEING SOLD AS PART OF A PORTFOLIO AND MUST BE SOLD WITH 2 OTHER 4-PLEXES ON THE SAME STREET: 2328 N 46TH ST AND 2514 N 46TH STREET. TOTAL LIST PRICE FOR ALL 12 UNITS IS $4,200,000. The One Apartments on North 46th Street are three separatefourplexes located along a quiet street (they are not contiguous) inan extremely popular south Arcadia submarket. The properties arelocated in a beautiful residential neighborhood at the nucleus of thecity, less than 5 miles to the Biltmore, Phoenix Sky Harbor Airport,Downtown Scottsdale, and Tempe. This little strip of mid-centuryapartments has consistently maintained high occupancy levels dueto the increasingly popular architecture and central location. Unitsin this area rarely are available.The location is as central as it gets and allows residents to enjoy, with ease, so much of what Phoenix, Scottsdale, and Tempe has to offer. The nearest light rail stop is approximately 2 miles away, and there are many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes. The One Apartments sit in an extremely popular part of Phoenix. The fourplexes were built in the middle of the century with block construction and architecture that is extremely popular. All of the fourplexes on this street have a very unique, Ralph Haver-looking style that is incredibly desirable as far as mid-century architecture goes. Each property offers a beautiful common area and the units are all extremely spacious with tons of storage, large bedrooms, and plenty of living space. Each fourplex consists of three 2-bedroom / 2-bath units (very rare for this vintage) and one 1-bedroom / 1-bath unit. 6 of the 12 units have been updated (5 have interior washer / dryers) with the remaining units needing to be remodeled. The units on this street lease-up incredibly fast given the combination of spaciousness of the units, mid-century architecture, quaint nature of the area, and prime location with proximity to Central Phoenix, Scottsdale, as well as Tempe and the Arizona State University Campus.
Exterior Features

Construction BlockOther (See Remarks) Construction Finish Other (See Remarks)Painted Covered Parking Spaces 4.00 Lot Size Dimensions 102 X 113 Parking Other (See Remarks) Roads AlleyAsphaltSidewalk(S) Roofing Other (See Remarks)

Interior Features

1 Bedroom Unit Avg Sq Ft 650 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 1000 2 Bedroom Units Baths 2 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 Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other Heating Individual

Property Features

1 Bedroom Unit Avg Rent 1250.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1300.00 2 Bedroom Units 3 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 0.00 Annual Ownr Asoc Fee 0.00 Community Amenities Other Cross Street 446th Street And Thomas Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 0.00 New Financing 1031 ExchangeConventionalFhaOther (See Remarks) Operating Exp 1865.00 Other Income 0.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Tax Municipality Phoenix Taxes 1865.00 Tenant Pays Electric Vacancy Allowance 0.00 Water City FranchiseMaster Meter Zoning R4a

Arizona Regional MLS logo Listing provided by Abi Multifamily: (602) 714-1400.


Arizona Regional MLS logo© 2022 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 2022-06-28T10:16:55.7.
 
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Yost Realty Group at RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ, 85122