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338 W Highland Avenue

Phoenix, AZ 85013
  • $2,250,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 6401870
UPDATED: 53 min ago
$2,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1946
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

What an amazing opportunity to own an income generating, clean, gated and cared for property! When you enter into the security gate you will notice the tree lined street, front patios and a sense of community. Gas and electric are individually metered. Buildings were recently painted, both roofs recently replaced, new AC units in past 3 years, new sewer lines and electrical upgraded approx 8 years ago. Carports for all units. Existing laundry facility that could be changed to coin operated generating more income. There is about 11,000sf on north side of property that can be developed. Request to change zoning to allow 6 floor building was approved years ago. This may be easy to get approved again.

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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 2022-06-25T09:21:11.79.
www.yosthomes.com/homes/128862883
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338 W Highland Avenue Phoenix, AZ 85013

  • Price: $2,250,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 53 min ago
  • MLS #: 6401870
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1946
Built
County:
Maricopa
Area:
Phoenix
Elementary School:
Longview Elementary School
Middle School:
Osborn Middle School
High School:
Central High School
School District:
001 - Phoenix Elementary District
Property Description
What an amazing opportunity to own an income generating, clean, gated and cared for property! When you enter into the security gate you will notice the tree lined street, front patios and a sense of community. Gas and electric are individually metered. Buildings were recently painted, both roofs recently replaced, new AC units in past 3 years, new sewer lines and electrical upgraded approx 8 years ago. Carports for all units. Existing laundry facility that could be changed to coin operated generating more income. There is about 11,000sf on north side of property that can be developed. Request to change zoning to allow 6 floor building was approved years ago. This may be easy to get approved again.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 8.00 Exterior Amenities Desert LandscapingFencedGreen LandscapingPatio/Balcony Lot Size Dimensions 126 X 299 Parking CarportFreePaved Parking Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 570 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 720 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 Bi Oven/RangeRefrigerator Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Concrete Heating Natural Gas

Property Features

1 Bedroom Unit Avg Rent 850.00 1 Bedroom Units 6 2 Bedroom Unit Avg Rent 925.00 2 Bedroom Units 2 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 83160.00 Annual Elec Exp 621.00 Annual Gas Exp 0.00 Annual Ins Exp 6486.00 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 6528.00 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 7418.00 Community Amenities No Pool Cross Street Camelback And 3rd Ave Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 83160.00 Hoa YN No Net Operating Income 51039.00 New Financing ConventionalNo Carry Operating Exp 24631.00 Other Income 0.00 Other Type Other (See Remarks) Owner Pays LandscapingSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 3578.00 Tenant Pays Cable TvElectricGas Totl Mnth Rntal Inc 6930.00 Vacancy Allowance 0.00 Water City Franchise Zoning R-3

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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 2022-06-25T09:21:11.79.
 
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Yost Realty Group at RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ, 85122