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9618 N 5TH Street

Phoenix, AZ 85020
  • $870,000
  • STATUS: Active Under Contract
  • ON SITE: 158 days
  • MLS #: 6195819
Under Contract
UPDATED: 59 min ago
$870,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1991
County:
Area:

School Ratings & Info

Description

Welcome to Mountain Vista Six an investment Opportunity in the North Central corridor of Phoenix. Six clean units in 1991 construction- three of the six are fully renovated and achieving great rents, 100% occupancy. All units have in-suite laundry, private patios, and plenty of off street parking. Current proforma is 5.54% cap on market rents of $1,000 each. Current rents average $888 currently. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants.NEW construction townhomes starting at $625,000 each down the street at 9721 N 5th st driving up neighborhood desirability.

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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 2021-07-27T10:11:55.507.
www.yosthomes.com/homes/114325345
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9618 N 5TH Street Phoenix, AZ 85020

  • Price: $870,000
  • Status: Active Under Contract
  • Updated: 59 min ago
  • MLS #: 6195819
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1991
Built
Neighborhood:
Tengen Place Addition
County:
Maricopa
Area:
Phoenix
School District:
006 - Washington Elementary District
Property Description
Welcome to Mountain Vista Six an investment Opportunity in the North Central corridor of Phoenix. Six clean units in 1991 construction- three of the six are fully renovated and achieving great rents, 100% occupancy. All units have in-suite laundry, private patios, and plenty of off street parking. Current proforma is 5.54% cap on market rents of $1,000 each. Current rents average $888 currently. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants.NEW construction townhomes starting at $625,000 each down the street at 9721 N 5th st driving up neighborhood desirability.
Exterior Features

Construction Block Construction Finish Stucco Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingFenced Lot Size Dimensions 13536 Parking >1 Space Per UnitPaved Parking Roads Asphalt Roofing Built-Up

Interior Features

1 Bedroom Unit Avg Sq Ft 648 1 Bedroom Unit Baths 6 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 Bi Oven/RangeRefrigeratorWasher/Dryer Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Electric Interior Amenities Mini BlindsUnfurnished

Property Features

1 Bedroom Unit Avg Rent 888.00 1 Bedroom Units 6 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 68400.00 Annual Ins Exp 1961.00 Annual Landscape Exp 1800.00 Annual Maint Exp 4000.00 Annual Mgmt Exp 4827.00 Annual Ownr Asoc Fee 0.00 Annual Trash Exp 3530.00 Annual Wtr Swr Exp 2400.00 Community Amenities No Pool Cross Street 5th St And E Purdue Ave Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas None Gross Annual Sch Inc 72000.00 Hoa YN No Net Operating Income 48164.00 New Financing No Carry Operating Exp 19595.00 Other Income 0.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Tax Municipality Phoenix Taxes 1077.00 Tenant Pays Cable TvElectric UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.05 Water City Franchise Zoning R-3

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 2021-07-27T10:11:55.507.
 
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Yost Realty Group at RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ, 85122