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3121 W Almeria Road

Phoenix, AZ 85009
  • $565,000
  • STATUS: Active
  • ON SITE: 151 days
  • MLS #: 6198047
Price Reduced
UPDATED: 29 min ago
$565,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1966
County:
Area:

School Ratings & Info

Description

Northwest Apartments is centrally located just West of downtown Phoenix. Two 4 plex's on separate parcels but need to be sold together. 3123 and 3121 W Almeria. The sale price per 4 plex is $600,000 each. $1,200,000 include includes two parcels: 108-26-107C and 108-26-108C. There are eight uncovered spaces plus ample street parking. All units are one bedroom one bath units and current rental rates are averaging 850 but room to raise to 950. Current proforma cap with raised rents are 5.5 cap. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale.

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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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-07-25T17:12:41.89.
www.yosthomes.com/homes/114450625
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3121 W Almeria Road Phoenix, AZ 85009

  • Price: $565,000
  • Status: Active
  • Updated: 29 min ago
  • MLS #: 6198047
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1966
Built
Neighborhood:
Northwest Homesites 2 Blks 20-26
County:
Maricopa
Area:
Phoenix
School District:
005 - Isaac Elementary District
Property Description
Northwest Apartments is centrally located just West of downtown Phoenix. Two 4 plex's on separate parcels but need to be sold together. 3123 and 3121 W Almeria. The sale price per 4 plex is $600,000 each. $1,200,000 include includes two parcels: 108-26-107C and 108-26-108C. There are eight uncovered spaces plus ample street parking. All units are one bedroom one bath units and current rental rates are averaging 850 but room to raise to 950. Current proforma cap with raised rents are 5.5 cap. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Cable Tv AvailableDesert Landscaping Lot Size Dimensions 7140 Parking 1 Space/UnitStreet Parking Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 550 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 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/RangeW/D HookupRefrigerator Cooling EvaporativeIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors ConcreteVinyl/Composition Heating Ceiling Fan(S)Window/Wall Unit(S)IndividualElectric Interior Amenities Unfurnished

Property Features

1 Bedroom Unit Avg Rent 950.00 1 Bedroom Units 4 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 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 86640.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 2400.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 4000.00 Annual Mgmt Exp 4560.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 2500.00 Annual Wtr Swr Exp 3500.00 Community Amenities No Pool Cross Street 32nd Ave & Mcdowell Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 91200.00 Hoa YN No Mobile Home Park Total Number Spaces 0 Net Operating Income 66934.00 New Financing ConventionalWraparound Operating Exp 18378.00 Other Income 0.00 Owner Pays SewerWater Project Type 5 - 12 UnitsFour Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 1418.00 Tenant Pays Cable TvGasElectric Totl Mnth Rntal Inc 7600.00 Vacancy Allowance 0.05 Water City Franchise Zoning R-4

Listing courtesy of Grace Cre.


© 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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-07-25T17:12:41.89.
 
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Yost Realty Group at RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ, 85122