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722 E Portland Street

Phoenix, AZ 85006
  • $850,000
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 6386797
Price Reduced
UPDATED: 49 min ago
$850,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1960
County:
Area:

School Ratings & Info

Description

Portland is a 7-unit apartment community primely located adjacent to the heart of Downtown Phoenix off the corner of 7th Street and Portland Street. Surrounded by a plush landscape full of everything downtown has to offer - abundant employment opportunities and endless entertainment options - Portland apartments offers residents a vibrant live-work-play environment to thrive in.The Innovation Employment Corridor running along Central Avenue from Downtown Phoenix north through the midtown neighborhoods, offers access to some of the most sought-after employers in the valley such as Wells Fargo, JPMorgan Chase, and Freeport-McMoRan. Within walking distance of Portland is Roosevelt Street or ''Roosevelt Row'', which is home to numerous restaurants, cafes, and trendy nightlife destinations.

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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 2022-06-28T11:18:23.527.
www.yosthomes.com/homes/127909450
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722 E Portland Street Phoenix, AZ 85006

  • Price: $850,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 49 min ago
  • MLS #: 6386797
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1960
Built
County:
Maricopa
Area:
Phoenix
School District:
001 - Phoenix Elementary District
Property Description
Portland is a 7-unit apartment community primely located adjacent to the heart of Downtown Phoenix off the corner of 7th Street and Portland Street. Surrounded by a plush landscape full of everything downtown has to offer - abundant employment opportunities and endless entertainment options - Portland apartments offers residents a vibrant live-work-play environment to thrive in.The Innovation Employment Corridor running along Central Avenue from Downtown Phoenix north through the midtown neighborhoods, offers access to some of the most sought-after employers in the valley such as Wells Fargo, JPMorgan Chase, and Freeport-McMoRan. Within walking distance of Portland is Roosevelt Street or ''Roosevelt Row'', which is home to numerous restaurants, cafes, and trendy nightlife destinations.
Exterior Features

Construction Brick Construction Finish Brick Trim/Veneer Covered Parking Spaces 3.00 Exterior Amenities Green LandscapingPartially FencedPatio/Balcony Lot Size Dimensions 10000 Sq Ft Parking 1 Space/Unit Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 600 1 Bedroom Unit Baths 2 2 Bedroom Unit Avg Sq Ft 850 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 IndividualWindow/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Wall Furnace

Property Features

1 Bedroom Unit Avg Rent 1025.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 1150.00 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 45854.60 Annual Elec Exp 7429.50 Annual Ins Exp 600.00 Annual Landscape Exp 1276.50 Annual Maint Exp 2250.00 Annual Mgmt Exp 1928.25 Annual Other Expense 1125.00 Annual Ownr Asoc Fee 0.00 Annual Rplcmnt Rsrvs 1200.00 Community Amenities No Pool Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 47100.00 Hoa YN No Net Operating Income 28932.35 New Financing 1031 ExchangeConventionalNo Carry Operating Exp 16922.25 Other Income 1168.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type Tri-Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 1113.00 Tenant Pays Electric Vacancy Allowance 0.05 Water Master Meter Zoning R-4

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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 2022-06-28T11:18:23.527.
 
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317 E. Cottonwood Lane, Suite C
Casa Grande AZ, 85122