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1721 S 4TH Street, Phoenix, Arizona

$325,000Active

1721 S 4TH Street, Phoenix, Arizona 85004
My Home Group Real Estate, LLC - MLS® ID: 5600262

Property Details

1721 S 4TH Street, Phoenix, Arizona 85004 - 8 apartments and 4 manufactured units on this property. Remodeled with new month to month leases in place. FULLY OCCUPIED - All units are filled and there is waiting list. Tenants are mostly fixed income and faithfully pay on time. Rents are an average of $442/mo with some new leases at $500 mark. Current ownership has not implemented rent increases throughout the complex, yet has prepared the tenants for the inevitable increase .... which will yield increased CAP. Not super beautiful ... just makes money. With current rents/expenses the CAP is solid 16%. PLEASE SCHEDULE APPOINTMENT TO VIEW. Seller has added coin operated laundry facility and soda machine which will convey - neither are calculated in the CAP.

Amenities

  • Zip85004
  • CountyMaricopa
  • StatusActive
  • Purchase TypeActive
  • Property typeMulti-Family
  • Zoning typeR-3
  • School districtPhoenix Union High School District
  • Elementary schoolLowell Elementary School - Phoenix
  • Junior highLowell Elementary School - Phoenix
  • High schoolSouth Mountain High School
  • Year built1944
  • Lot size6333
  • SewerSewer - Public
  • HeatingIndividual
  • CoolingElectric Refrigeratd
  • ParkingFree
  • Tax amount$659.52
  • Office IDmyhg01
  • Agent IDts494
  • Agent nameTravis Smith
  • MLS® ID5600262

Broker: My Home Group Real Estate, LLC

Listing Courtesy of My Home Group Real Estate, LLC

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“Best realtor we have ever worked with. The virtual tour of our house that she prepared was outstanding!! She is extremely professional and knowledgeable. We would have no reservations in recommending Kris to anyone who wants to buy or sell a house.”

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