Address
2540 N 17TH Way, Phoenix, AZ
Price
$ 995,000
Property Attributes
  • MLS#6696747
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodGREENFIELD ACRES TRACT 2
  • Zip85006
  • StyleMultiple Dwellings
  • Year Built1971
  • Taxes$ 1268
  • Price$ 995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

4-unit multifamily opportunity located in Phoenix, AZ. Built in 1971, this asset features an ideal unit mix of 100% two bedroom floorplans averaging 693 sq. ft. per unit. Current ownership has extensively remodeled two of the units This well maintained asset has an ideal location, sitting right across the street from Phoenix Children's Hospital, just minutes from Downtown Phoenix and the Biltmore Fashion Park, and near major transportation routes such as the 51 and 10 Freeways. Currently there is one furnished unit being rented to traveling nurses, which allows for a rent premium of approximately $470 per month. CONTACT BRAD SKENDERIAN FOR COPY OF OM. (see private remarks)

Price History
4/25/2024 Listed $995,000

General Features

Sewer Sewer-In & Connected,Public Sewer
Heating Individual,Heat Pump
Cooling Individual,Heat Pump,Ceiling Fan(s)
Roof Foam
Zoning M-M
Construction Materials Painted,Stucco,Block
Year Built 1971
Electric APS,Individual Meter
Tenant Pays Electricity,Cable TV
Township 2N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 56842.0
OwnerPays Trash Collection,Water,Sewer,Landscaping
Community Features See Remarks,No Pool
County Maricopa
Net Operating Income 49864.0
Operating Expense 8468.0
Insurance Expense 2800.0
Property Type Multiple Dwellings
Attached Garage No
MaintenanceExpense 600.0
Subdivision Name GREENFIELD ACRES TRACT 2
Garage Y/N No
Status Active
City Phoenix
Buyer Agent Compensation 2.50
Disclosures Other (See Remarks),Seller Prop Disc Stm,APOD/Backup Avaible,Sch of Personal Prop
View Y/N No
High School District Phoenix Union High School District
Open Parking Spaces 2.0
Total Units 4
Lot Size Square Feet 0.0
Carport Y/N No
Street Name 17TH
Tax Annual Amount 1268.0
Electric Expense 0.0
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 2600.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 12
Standard Status Active
Elementary School District Creighton Elementary District
Tax Lot 35
Cap Rate 5.01
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community No
New Financing True

Interior Features

Flooring Other,Ceramic Tile
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Way
Electric On Property Y/N No

Exterior Features

Parking Features Free,
Water Source City Franchise,Master Meter
Total Parking 6.0
Lot Size Area 0.0
Number of Buildings 1
Spa No
Lot Dimensions irr
Lot Size Acres 0.0
Road Surface Type Asphalt,Curb(s) & Gutter(s),Sidewalk(s)
Covered Spaces 4.0
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 85006

Price
AVG $830K
$1,000K
Taxes
AVG $1,461
$1,268
Visits
AVG 143
97
Data Provided by Inside Real Estate®
Year Built
AVG 1961
1971