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$985,000
2536 W Adams St, Phoenix, AZ 85009
0 Beds
0 Baths
n/a sqft

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Remodeled 2bd house and 2 duplex buildings. total 5 units. Pandemic proof solid tenants 2.5 year STRONG leases 6.61% CAP ROI. Property surrounded by single family homes. Great unit mix, huge private yards. Individual electric meters. Maintenance free property w/ tenant agreement to perform management maintenance and repairs. Perfect for out of state or in state landlord without the rental headaches. Area in demand for rental units and air bnb. minutes to freeways downtown Phoenix and State Capitol. Seller may carry 40% down at 9% short term.
  • Price:
  • $985,000
  • Year Built:
  • 1930
  • Listing ID #:
  • 6199002
  • Street Address:
  • 2536 W Adams St
  • City:
  • Phoenix
  • State:
  • Arizona
  • Postal Code:
  • 85009
  • County:
  • Maricopa
  • Subdivision:
  • Warren Tract Blk 2
  • Listing Status:
  • Active
  • Listing Type:
  • ResidentialMultiFamily
  • Construction Description:
  • Block, Frame - Wood
  • Exterior Features:
  • Rv/Boat Parking
  • Flooring:
  • Ceramic Tile, Concrete
  • Number Of Units:
  • 5.00
  • Siding:
  • Painted, Stucco
  • Type Of Roof:
  • Comp Shingle
  • Year Built:
  • 1930
  • Adjusted Gross Income:
  • 71160.00
  • Annual Insurance Expenses:
  • 900.00
  • Annual Maintenance Expenses:
  • 600.00
  • Annual Trash Expenses:
  • 1920.00
  • Annual Water/Sewer Expenses:
  • 2640.00
  • Net Operating Income:
  • 65100.00
  • Operating Expense:
  • 6861.00
  • Conforms To Zoning:
  • R3?
  • Community Features:
  • No Pool
  • Included In Sale:
  • Land & Building
  • Terms:
  • Conventional, Other (see Remarks), Seller May Carry, Trade
  • Owner Pays:
  • Sewer, Trash Collection, Water
  • Property Taxes:
  • $801
  • Tenant Pays:
  • Electric, Gas
  • Parking Spaces:
  • 8.00
  • Cooling System:
  • Individual, Window/Wall Unit
  • Electricity:
  • Aps, Individual Meter
  • Existing Water:
  • City Franchise, Master Meter
  • Gas:
  • Individual Meter, Sw Gas
  • Heating:
  • Electric, Individual, Window/Wall Unit(s)
  • Sewage Type:
  • Sewer - Public, Sewer-In & Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listings Provided by Haddad Realty
  • ARMLS

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