6806 N 23rd Avenue

    Phoenix, AZ 85015
    • $1,095,000
    • STATUS: Active
    • ON SITE: 89 days
    • MLS #: 5873178
    Price Reduced
    UPDATED: 59 min ago
    $1,095,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1951
    County:
    Area:

    School Ratings & Info

    Description

    The 11-unit complex is comprised of 2 one bedroom/one bath units, 8 two bedroom/one bath units, and 1 three bedroom/one bath unit. The property is single-story, primarily brick construction and possesses a number of value-add opportunities.Cristal Bay Village is a single story, brick construction complex with pitched roofs. The property presents an investor the opportunity to acquire a unique, ''casita-style''complex that has the potential to yield premium rent levels. Cristal Bay Village is already benefiting from strong and improving operations, yet has tremendous upside potential through reasonable capital expenditure.

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    © 2019 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 2019-04-25T19:11:14.913.
    www.yosthomes.com/homes/91186571

    6806 N 23rd Avenue Phoenix, AZ 85015

    • Price: $1,095,000
    • Status: Active
    • Updated: 59 min ago
    • MLS #: 5873178
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1951
    Built
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    006 - Washington Elementary District
    Property Description
    The 11-unit complex is comprised of 2 one bedroom/one bath units, 8 two bedroom/one bath units, and 1 three bedroom/one bath unit. The property is single-story, primarily brick construction and possesses a number of value-add opportunities.Cristal Bay Village is a single story, brick construction complex with pitched roofs. The property presents an investor the opportunity to acquire a unique, ''casita-style''complex that has the potential to yield premium rent levels. Cristal Bay Village is already benefiting from strong and improving operations, yet has tremendous upside potential through reasonable capital expenditure.
    Exterior Features

    Construction BrickFrame - Wood Construction Finish Painted Covered Parking Spaces 7.00 Exterior Amenities Other (See Remarks) Lot Size Dimensions 34994 Parking Other (See Remarks) Roads Asphalt/BlacktopDirt/Gravel Roofing Comp Shingle Total Parking Spaces 19.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 528 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 657 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 985 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Other (See Remarks) Cooling Other (See Remarks) Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other (See Remarks) Heating Other (See Remarks) Interior Amenities Other (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 674.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 735.00 2 Bedroom Units 8 3 Bedroom Unit Avg Rent 825.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 92870.10 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 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 0.00 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 0.00 Community Amenities Other (See Remarks) Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 96540.00 Hoa YN No Net Operating Income 64026.00 New Financing Other (See Remarks) Operating Exp 3086.52 Other Income 1218.00 Owner Pays Other (See Remarks) Project Type 5 - 12 Units Sale Includes Other (See Remarks) Sewer Other (See Remarks) Source Of Financial Data Other (See Remarks) Tax Municipality Phoenix Taxes 3086.52 Tenant Pays Other (See Remarks) Vacancy Allowance 0.05 Water Other (See Remarks) Zoning R-3

    Listing courtesy of Lee & Associates.


    © 2019 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 2019-04-25T19:11:14.913.
     
    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122