2826 E Le Marche Avenue

    Phoenix, AZ 85032
    • $275,000
    • STATUS: Active Under Contract
    • ON SITE: 19 days
    • MLS #: 5762760
    Under Contract
    UPDATED: 54 min ago
    $275,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1982
    County:
    Area:

    School Information

    Description

    9.2% CAP RATE! This is a RARE OPPORTUNITY in today's market! DON'T MISS OUT! Great Four Plex in a PERFECT LOCATION, near the 51 Freeway and Right Across the Street from an ELEMENTARY SCHOOL! Public Transportation & Services are in walking distance. Two 2-Bedroom Units, One 3-Bedroom Unit and One 1-Bedroom Unit. ALL 4 ARE RENTED! GREAT TENANTS - FAMILY'S that have kids that go to the Elementary School across the street. Building has been well maintained with newer AC units, new fascia, updated vinyl flooring, fresh paint, and maintenance work is up to date. Gated community has pool, multiple park and play areas, and BBQ's. Each apartment has a balcony or courtyard. GREAT PASSIVE INVESTMENT w/ HIGHER THAN AVERAGE CASH FLOWS! You won't find another one like this at a 9.2% CAP RATE

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    © 2018 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 Arizona 1 Real Estate Team at My Home Group. Data last updated 2018-05-27T00:14:07.877.
    www.arizona1mls.com/homes/83330152

    2826 E Le Marche Avenue Phoenix, AZ 85032

    • Price: $275,000
    • Status: Active Under Contract
    • Updated: 54 min ago
    • MLS #: 5762760
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1982
    Built
    Neighborhood:
    Greenway Manor Lot 1-72 Tr A-E
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Palomino Primary School
    Middle School:
    Greenway Middle School
    High School:
    Paradise Valley High School
    School District:
    069 - Paradise Valley Unified District
    Property Description
    9.2% CAP RATE! This is a RARE OPPORTUNITY in today's market! DON'T MISS OUT! Great Four Plex in a PERFECT LOCATION, near the 51 Freeway and Right Across the Street from an ELEMENTARY SCHOOL! Public Transportation & Services are in walking distance. Two 2-Bedroom Units, One 3-Bedroom Unit and One 1-Bedroom Unit. ALL 4 ARE RENTED! GREAT TENANTS - FAMILY'S that have kids that go to the Elementary School across the street. Building has been well maintained with newer AC units, new fascia, updated vinyl flooring, fresh paint, and maintenance work is up to date. Gated community has pool, multiple park and play areas, and BBQ's. Each apartment has a balcony or courtyard. GREAT PASSIVE INVESTMENT w/ HIGHER THAN AVERAGE CASH FLOWS! You won't find another one like this at a 9.2% CAP RATE
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 4.00 Exterior Amenities Desert LandscapingSecurity Light(S)Patio/BalconyCable Tv AvailableFenced Lot Size Dimensions 1-7500 Parking >1 Space Per UnitAssigned Roads Asphalt/BlacktopSidewalk(S)Private Street Roofing Foam Total Parking Spaces 8.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeDisposalRefrigerator Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetVinyl/Composition Heating Electric Interior Amenities UnfurnishedMini BlindsFire/Smoke Alarm(S)Vertical Blinds

    Property Features

    1 Bedroom Unit Avg Rent 565.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 725.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 775.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 33060.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 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 7800.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Auction No Community Amenities Pool(S)Barbecue Area(S) Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 33060.00 Hoa YN Yes Net Operating Income 21000.00 New Financing Conventional Operating Exp 8965.00 Other Income 0.00 Owner Pays None Project Type Four Plex Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Provided By OwnerTax ReturnBooks Shwn Accpt OfrProvided By Accntnt Tax Municipality Phoenix Taxes 1165.00 Tenant Pays ElectricCable Tv UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water Other (See Remarks) Zoning Multi

    Listing courtesy of Home America Realty.
    © 2018 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 Arizona 1 Real Estate Team at My Home Group. Data last updated 2018-05-27T00:14:07.877.
     
    Arizona 1 Real Estate Team at My Home Group
    4921 S. Alma School Rd
    Chandler AZ, 85248