138 N 10TH Avenue new Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85007
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision H Grays Subdivision
MLS Listing ID 6800415
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1911
Annual Tax Amount $695
Tax Year 2024
Lot Dimensions 0.066 acres
Property Description
STEADY CASH FLOW!! Cap Rate: 7.67%. Duplex located in the Woodland Historical District close to the Capital. There is 1 building, 2 one bedroom 1 bathroom units. They are approx 620 sq ft each. Both Tenants are month to month. Tenants desire to stay, rents can be raised. A lot of renovations and planning are going on in this up-and-coming area! Some of the Duplex improvements include a newer water heater, newer windows, newer plumbing, newer exterior paint and property sits on two lots. Property is zoned R5. Property has paved back alley access and parking. Plenty of accessible space in the back to build additional units * Fireplace is not finished never used. Property is sold as is. Such a fantastic vibrant location in downtown Phoenix. Come live on one side and rent out the other. With the R5 zoning add more units in back for additional rentable units, cash flow, and property value. Walking distance to downtown financial center, business district, major entertainment/sport venues, central city light rail system, parks, restaurants and fine dining.
This is Downtown Phoenix, so so much going on down here!!
** R-5 mixed-use, multifamily zoning either residential or office or both.
GOOD INFO:
2 1bedroom 1bath units both 620sqf
Rents are $1550 and $1300. Tenants on a month to month.
Utilities are included in their rents (water,trash,sewer, and APS electric)
I pay just under $100 a month for water, trash, and sewer $1200 yearly.
I pay approximately on an average about $300 a month $3300 yearly.
SELLER IMPROVMENTS:
- Outside paint is about a year and half old
- building has had new plumbing put in with what they call pec piping.
- water heater is about a year and half old
- property sits on two lots
- property is zoned R5
- property has paved back alley access and parking
- plenty of accessible space in back to build additional units and parking
- property is located in the Woodland Historical District and is also situated next to the Capital
Location
State AZ
County Maricopa
Community H Grays Subdivision
Zoning R5
Interior
Heating Window/Wall Unit(s),2 or More Units
Cooling Ceiling Fan(s),Window/Wall Unit,Individual,2 or More Units
Flooring Carpet,Ceramic Tile
Appliance F/S Oven/Range
Exterior
Parking Features Add'l Parking Avail,>1 Space Per Unit,<1 Space Per Unit,Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 3
Building
Sewer Public Sewer
Water Master Meter
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 112-04-043
Acceptable Financing Conventional,FHA,VA Loan
Listing Terms Conventional,FHA,VA Loan