Price Reduction - New Construction - Primary on Main
Address
501 W MOHAVE Street, Phoenix, AZ
Price
$ 874,000
Property Attributes
- MLS#6697207
- TypeMulti-Family
- CountyMARICOPA
- CityPhoenix
- NeighborhoodSAGUARO TRACT
- Zip85003
- StyleMultiple Dwellings
- Year Built2024
- Taxes$ 571
- Price$ 874,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description
Huge duplex being built with completion in May 2024. This duplex has 2 units, both units have 5 bedrooms and 2.5 baths each. Each unit has the primary bedroom downstairs along with the kitchen, family room and 1/2 bath. There are 4 bedrooms and a bathroom upstairs along with a walkout balcony that over looks downtown Phoenix. These are all new construction and come with a 1 year full builder warranty. Both units have a large 2 car carport and small private backyard as well, each unit is separately meter for water and electric both. So you can live in one unit and rent the other. Lending programs offer only 5% downpayment to purchase the building this way. Pictures will continue to get updated as the construction continues.
| Elementary School | Middle School | High School |
|---|---|---|
| Silvestre S Herrera School Elementary School | Silvestre S Herrera School Middle School | Central High School |
| Price History | |
|---|---|
| 4/26/2024 | Listed $875,000 |
| 5/6/2024 | 1% - $874,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Individual,Heat Pump,Electric |
| Cooling | 2 or More Units,Central A/C,Individual,Electric,Ceiling Fan(s) |
| Roof | Composition,Rolled/Hot Mop |
| Zoning | Multi |
| Construction Materials | Painted,Stucco,Frame - Wood |
| Year Built | 2024 |
| Electric | APS,Individual Meter |
| Tenant Pays | Trash Collection,Electricity,Water,Sewer,Landscaping |
| Township | 1N |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Gross Income | 68400.0 |
| OwnerPays | None |
| Community Features | No Pool |
| County | Maricopa |
| Net Operating Income | 65100.0 |
| Operating Expense | 3071.0 |
| Insurance Expense | 1500.0 |
| Property Type | Multiple Dwellings |
| Attached Garage | No |
| MaintenanceExpense | 1000.0 |
| Subdivision Name | SAGUARO TRACT |
| Garage Y/N | No |
| Status | Active |
| Directions | 7th ave to Mohave and east to the building |
| High School | Central High School |
| City | Phoenix |
| Buyer Agent Compensation | 2.50 |
| Disclosures | Seller Prop Disc Stm |
| View Y/N | No |
| High School District | Phoenix Union High School District |
| Open Parking Spaces | 8.0 |
| Total Units | 2 |
| Lot Size Square Feet | 0.0 |
| Carport Y/N | No |
| Street Name | MOHAVE |
| Elementary School | Silvestre S Herrera School |
| Tax Annual Amount | 571.0 |
| Electric Expense | 0.0 |
| Current Financing | Not Applicable |
| Fuel Expense | 0.0 |
| Middle/Junior High School | Silvestre S Herrera School |
| Trash Expense | 0.0 |
| Water Sewer Expense | 0.0 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 17 |
| Standard Status | Active |
| Occupancy Description | Vacant |
| Elementary School District | Phoenix Elementary District |
| Tax Lot | 1 |
| Cap Rate | 7.44 |
| MobileHomeRemainsYN | No |
| Buyer Agent Compensation Type | % |
| New_sp_Financing_co_Conventional5 | True |
| Ownership | Fee Simple |
| Senior Community | No |
| New Financing | True |
Interior Features
| Flooring | Carpet,Vinyl |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | Street |
| Electric On Property Y/N | No |
Exterior Features
| Parking Features | >1 Space Per Unit,Common |
|---|---|
| Water Source | City Franchise |
| Total Parking | 12.0 |
| Lot Size Area | 0.0 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | Rectangular |
| Lot Size Acres | 0.0 |
| Road Surface Type | Asphalt |
| 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 85003
Price
Taxes
Visits
Year Built
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