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1145 W Tonto Street

Phoenix, AZ 85007
  • $599,000
  • STATUS: Active Under Contract
  • ON SITE: 21 Days
  • MLS #: 6388597
Under Contract
UPDATED: 31 min ago
$599,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1986
County:
Area:

School Ratings & Info

Description

Investor Alert! 4-plex close to downtown. Four 2 bedroom, 1 bath units. Long term tenants with below market rents currently collecting $2,800/mo. Investing in cosmetic upgrades and adding a washer/dryer would easily increase the rents to $1,250/ea or $5,000/mo for all 4 units. All leases are currently month-to-month. New exterior paint. Roof was replaced 4 years ago. Water heaters replaced within last 5 years. All units have window air conditioning systems. Fantastic location within close proximity to downtown. Significant growth in the area including the construction of Alta, a luxury apartment community, two blocks away.

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© 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 Hague Partners. Data last updated 2022-05-16T13:24:32.313.
www.myphoenixhomes.com/homes/128015599
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1145 W Tonto Street Phoenix, AZ 85007

  • Price: $599,000
  • Status: Active Under Contract
  • On Site: 21 Days
  • Updated: 31 min ago
  • MLS #: 6388597
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1986
Built
County:
Maricopa
Area:
Phoenix
School District:
001 - Phoenix Elementary District
Property Description
Investor Alert! 4-plex close to downtown. Four 2 bedroom, 1 bath units. Long term tenants with below market rents currently collecting $2,800/mo. Investing in cosmetic upgrades and adding a washer/dryer would easily increase the rents to $1,250/ea or $5,000/mo for all 4 units. All leases are currently month-to-month. New exterior paint. Roof was replaced 4 years ago. Water heaters replaced within last 5 years. All units have window air conditioning systems. Fantastic location within close proximity to downtown. Significant growth in the area including the construction of Alta, a luxury apartment community, two blocks away.
Exterior Features

Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 0.00 Lot Size Dimensions Unknown Parking Paved ParkingStreet Parking Roads Gravel Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 720 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 NoneOther (See Remarks) Cooling Window/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Electric

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 725.00 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 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1123.00 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 Ownr Asoc Fee 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 1878.00 Community Amenities No Pool Cross Street Buckeye And 7th Ave Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas None Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 0.00 New Financing 1031 ExchangeConventionalOther (See Remarks) Operating Exp 3892.00 Other Income 0.00 Owner Pays Trash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Tax Municipality Maricopa - County Taxes 891.00 Tenant Pays Electric Totl Mnth Rntal Inc 2870.00 UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City Franchise Zoning Multi-Family

Listing provided by Phoenix Urban Spaces: (602) 791-3292.


© 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 Hague Partners. Data last updated 2022-05-16T13:24:32.313.
 
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Hague Partners
1760 E. Pecos Rd Suite 307
Gilbert AZ, 85295