1501 E Roosevelt Street

Phoenix, AZ 85006
  • $550,000
  • STATUS: Pending
  • ON SITE: 33 days
  • MLS #: 6041921
Pending
UPDATED: 39 min ago
$550,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1979
County:
Area:

Description

Completely Remodeled 4-Plex with strong rents that wont disappoint you! Seller has spent over $100k in upgrades starting with all New HVAC units by City of Phoenix through the Energize program in 2012 spending $25k, then in 2013 City Of Phoenix Rental Rehabilitation Program spent $75K which included New Roof, New plumbing, New Electrical, New Kitchen cabinets, New Paint and New Flooring. Seller also installed a large RV gate that only tenants have access for additional parking. Great money maker. All units have signed leases with 2 tenants in the process of moving in the units in the next 2 weeks. Owner is currently collecting $3838 per month in rents and rent will increase to $3943 in June 2020. Great opportunity! Everything updated so nothing to do but sit back and collect rents!

Monthly Payment Calculator



© 2020 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 Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group. Data last updated 2020-03-31T19:11:19.22.
www.herfelopenshaw.com/homes/103548276

1501 E Roosevelt Street Phoenix, AZ 85006

  • Price: $550,000
  • Status: Pending
  • Updated: 39 min ago
  • MLS #: 6041921
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1979
Built
Neighborhood:
Kleck Tract
County:
Maricopa
Area:
Phoenix
Elementary School:
Phoenix Prep Academy
Middle School:
Phoenix Union Bioscience High School
High School:
Phoenix Union Bioscience High School
School District:
001 - Phoenix Elementary District
Property Description
Completely Remodeled 4-Plex with strong rents that wont disappoint you! Seller has spent over $100k in upgrades starting with all New HVAC units by City of Phoenix through the Energize program in 2012 spending $25k, then in 2013 City Of Phoenix Rental Rehabilitation Program spent $75K which included New Roof, New plumbing, New Electrical, New Kitchen cabinets, New Paint and New Flooring. Seller also installed a large RV gate that only tenants have access for additional parking. Great money maker. All units have signed leases with 2 tenants in the process of moving in the units in the next 2 weeks. Owner is currently collecting $3838 per month in rents and rent will increase to $3943 in June 2020. Great opportunity! Everything updated so nothing to do but sit back and collect rents!
Exterior Features

Construction BlockFrame - Wood Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities FencedOther (See Remarks) Lot Size Dimensions Irr Parking Free1 Space/UnitPaved ParkingStreet ParkingAdd'l Parking Avail Roads DirtGravel Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 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 Central A/CElectric Refrigeratd2 Or More Units Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl/CompositionWood Heating Electric

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 959.50 2 Bedroom Units 4 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 45896.52 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1248.00 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 3000.00 Community Amenities No Pool Cross Street 16TH St And Roosevelt Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 47316.00 Hoa YN No Net Operating Income 37307.00 New Financing Conventional Operating Exp 5797.00 Other Income 0.00 Owner Pays WaterSewerTrash Collection Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1549.00 Tenant Pays ElectricCable Tv Totl Mnth Rntal Inc 3588.00 Vacancy Allowance 0.03 Water Master MeterCity FranchiseOtherSee Remarks Zoning R4

Listing courtesy of West Usa Realty.


© 2020 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 Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group. Data last updated 2020-03-31T19:11:19.22.
 
Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group
830 S Higley Rd
Gilbert AZ, 85296