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    621 N 6TH Avenue

    Phoenix, AZ 85003
    • $1,125,000
    • STATUS: Active
    • ON SITE: 29 days
    • MLS #: 6208749
    UPDATED: 42 min ago
    $1,125,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:
    Area:

    School Ratings & Info

    Description

    In the very heart of the downtown core, 621 N. 6th Avenue was constructed of red brick in 1930 with five 1-bedroom units. Each has a washer/dryer hookup and is individually metered for electricity. Upgrades over recent years include windows and doors, cabinets, electric wiring and panel, copper supply lines, waste and gas lines, and rooftop ACs. 621 N. 6th Avenue offers two value add scenarios. The zoning overlay allows a height of 65' and an increase to eight units (Buyer to verify all facts) so it is a perfect candidate for future development with current cash flow. Alternatively, it can be upgraded in its current footprint to capitalize on the inherent high demand for downtown rentals. Residents enjoy living in the vibrant downtown core and all it has to offer. Within walking distance..Within walking distance are award winning restaurants like Cibo, The Vig, and Arrogant Butcher. Entertainment venues include Crescent Ballroom, Grand Avenue Arts District, Roosevelt Row Arts District, and a number of breweries. Employment and educational venues include the ASU Downtown Campus, Phoenix Biomedical Campus, Banner University Medical Center. Sale can be combined with 8 units at 1017 E. McKinley for a total of 13 units downtown. Seller financing is available.

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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 2021-04-17T12:16:34.253.
    www.yosthomes.com/homes/115219133
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    621 N 6TH Avenue Phoenix, AZ 85003

    • Price: $1,125,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: 6208749
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1930
    Built
    Neighborhood:
    Bennett Place A-C & H-J
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    001 - Phoenix Elementary District
    Property Description
    In the very heart of the downtown core, 621 N. 6th Avenue was constructed of red brick in 1930 with five 1-bedroom units. Each has a washer/dryer hookup and is individually metered for electricity. Upgrades over recent years include windows and doors, cabinets, electric wiring and panel, copper supply lines, waste and gas lines, and rooftop ACs. 621 N. 6th Avenue offers two value add scenarios. The zoning overlay allows a height of 65' and an increase to eight units (Buyer to verify all facts) so it is a perfect candidate for future development with current cash flow. Alternatively, it can be upgraded in its current footprint to capitalize on the inherent high demand for downtown rentals. Residents enjoy living in the vibrant downtown core and all it has to offer. Within walking distance..Within walking distance are award winning restaurants like Cibo, The Vig, and Arrogant Butcher. Entertainment venues include Crescent Ballroom, Grand Avenue Arts District, Roosevelt Row Arts District, and a number of breweries. Employment and educational venues include the ASU Downtown Campus, Phoenix Biomedical Campus, Banner University Medical Center. Sale can be combined with 8 units at 1017 E. McKinley for a total of 13 units downtown. Seller financing is available.
    Exterior Features

    Construction Brick Construction Finish Brick Trim/Veneer Covered Parking Spaces 0.00 Lot Size Dimensions Irr Parking <1 Space Per UnitStreet Parking Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 391 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/RangeRefrigeratorW/D Hookup Cooling Heat PumpIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileConcreteWood Heating Heat PumpIndividual

    Property Features

    1 Bedroom Unit Avg Rent 877.00 1 Bedroom Units 5 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 0.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street 6th Avenue And Filmore Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 0.00 New Financing ConventionalSeller May Carry Operating Exp 773.00 Other Income 0.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 773.00 Tenant Pays ElectricGas Vacancy Allowance 0.00 Water City Franchise Zoning Dtc S-Roo

    Listing courtesy of Rei Marketing.


    © 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 2021-04-17T12:16:34.253.
     
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    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122