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2442 E Monroe Street

Phoenix, AZ 85034
  • $779,000
  • STATUS: Active
  • ON SITE: 102 Days
  • MLS #: 6369948
UPDATED: 2 min ago
$779,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

Description

GREAT CAP RATE, ALL UNITS RENTED!! Long term renters in place. Tri-plex and a duplex on one lot. Fantastic location walking distance to the light rail, close to the airport and downtown Phoenix. Rents are under market value for this area. All units are on monthly leases positioned for new investor increases. Each unit has gone through updates throughout the years including new paint, refinished cabinets, ceramic tiles and laminate flooring, newer counters with tiled backsplash and tiled showers. This property is individually metered for electric. Duplex has newer a/c unit and windows! Lots of investor development in this are! Put in an offer today!

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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 2022-06-28T21:16:57.55.
www.yosthomes.com/homes/126810763
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2442 E Monroe Street Phoenix, AZ 85034

  • Price: $779,000
  • Status: Active
  • On Site: 102 Days
  • Updated: 2 min ago
  • MLS #: 6369948
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1940
Built
Neighborhood:
Hialeah
County:
Maricopa
Area:
Phoenix
School District:
007 - Wilson Elementary District
Property Description
GREAT CAP RATE, ALL UNITS RENTED!! Long term renters in place. Tri-plex and a duplex on one lot. Fantastic location walking distance to the light rail, close to the airport and downtown Phoenix. Rents are under market value for this area. All units are on monthly leases positioned for new investor increases. Each unit has gone through updates throughout the years including new paint, refinished cabinets, ceramic tiles and laminate flooring, newer counters with tiled backsplash and tiled showers. This property is individually metered for electric. Duplex has newer a/c unit and windows! Lots of investor development in this are! Put in an offer today!
Exterior Features

Construction BlockBrickFrame - Wood Construction Finish PaintedSiding Covered Parking Spaces 0.00 Exterior Amenities Fenced Lot Size Dimensions 7754 Parking 1 Space/Unit Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 438 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 821 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/RangeRefrigerator Cooling Central A/C Efficiency Unit Avg Sq Ft 437 Efficiency Unit Baths 1 Floors Ceramic TileVinyl Heating Electric Interior Amenities Fire/Smoke Alarm(S)

Property Features

1 Bedroom Unit Avg Rent 881.67 1 Bedroom Units 3 2 Bedroom Unit Avg Rent 1100.00 2 Bedroom Units 1 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 53820.00 Annual Ins Exp 1468.00 Annual Landscape Exp 100.00 Annual Maint Exp 200.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 3222.58 Community Amenities No Pool Cross Street 24th St & Van Buren Efficiency Unit Avg Rent 740.00 Efficiency Units 1 Electric ApsIndividual Meter Gas None Gross Annual Sch Inc 53820.00 Hoa YN No Net Operating Income 46770.42 New Financing ConventionalFhaNo CarryVa Operating Exp 7049.58 Other Income 0.00 Owner Pays LandscapingWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 2059.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 4485.00 Vacancy Allowance 0.00 Water City FranchiseMaster Meter Zoning R4

Arizona Regional MLS logo Listing provided by Open House Realty: (623) 299-4954.


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 2022-06-28T21:16:57.55.
 
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Yost Realty Group at RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ, 85122