Price Reduction
Address
1005 S 1st Avenue, Phoenix, AZ
Price
$ 594,900
Property Attributes
- MLS#6677642
- TypeMulti-Family
- CountyMARICOPA
- CityPhoenix
- NeighborhoodMONTGOMERY ADD AMD BLKS 75 - 83 - 84 - 91 - 99-102
- Zip85003
- StyleMultiple Dwellings
- Year Built1954
- Taxes$ 725
- Price$ 594,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description
Perfect multi-family home in the heart of downtown Phoenix. Steps from the light rail, ballgames and entertainment this estate boasts all of the Phoenix charm that one would want. Ideal for an investor, this home has the potential to generate consistent solid income. It is also ideal for an owner wanting to reside on the property while offsetting expenses with a tenant OR a larger family looking for a huge in-law unit to accompany the primary. This updated multi-family property truly has limitless possibilities with NO HOA! Both units have their own washer/dryer/hot water heater etc...
| Price History | |
|---|---|
| 3/22/2024 | Listed $624,000 |
| 4/9/2024 | 3% - $609,000 |
| 5/8/2024 | 3% - $594,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Electric,Natural Gas |
| Cooling | Electric |
| Roof | Composition |
| Zoning | M-H |
| Construction Materials | Painted,Slump Block |
| Year Built | 1954 |
| Electric | City Electric |
| Tenant Pays | See Remarks |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Gross Income | 0.0 |
| OwnerPays | Other |
| Community Features | No Pool |
| County | Maricopa |
| Net Operating Income | 1595.0 |
| Operating Expense | 725.0 |
| Property Type | Multiple Dwellings |
| Attached Garage | No |
| Subdivision Name | MONTGOMERY ADD AMD BLKS 75,83,84,91,99-102 |
| Garage Y/N | No |
| Status | Active |
| City | Phoenix |
| Buyer Agent Compensation | 2.50 |
| Disclosures | None |
| View Y/N | No |
| High School District | Phoenix Union High School District |
| Open Parking Spaces | 3.0 |
| Total Units | 2 |
| Lot Size Square Feet | 0.0 |
| Carport Y/N | No |
| Street Name | 1st |
| Tax Annual Amount | 725.0 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 54 |
| Standard Status | Active |
| Elementary School District | Phoenix Elementary District |
| Tax Lot | 3 & 4 |
| Cap Rate | 0.26 |
| MobileHomeRemainsYN | No |
| Buyer Agent Compensation Type | % |
| New_sp_Financing_co_Conventional5 | True |
| Ownership | Fee Simple |
| Senior Community | No |
Interior Features
| Flooring | Carpet,Ceramic Tile |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | Avenue |
| Electric On Property Y/N | No |
Exterior Features
| Parking Features | |
|---|---|
| Water Source | City Franchise |
| Total Parking | 6.0 |
| Lot Size Area | 0.0 |
| Number of Buildings | 2 |
| Spa | No |
| Lot Dimensions | IRREGULAR |
| Lot Size Acres | 0.0 |
| Road Surface Type | Concrete |
| Covered Spaces | 3.0 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 85003
Price
Taxes
Visits
Year Built
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