138 N 10TH Avenue, Phoenix, AZ 85007 - MLS#6800415 - Ryan Ney

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Jan

Wed

Jan

Thu

Jan

Ryan Ney

My Home Group Real Estate

ryan@realscottsdalehomes.com +1(480) 566-9249

$399,900

Est. payment - /mo

Save

UPDATED:

01/05/2025 06:32 PM

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

Read Less Info

Listed by DeLex Realty

GET MORE INFORMATION

Ryan Ney

+1(480) 566-9249

Realtor® ~ Team Leader | SASA548713000

Realtor® ~ Team Leader SASA548713000

Scottsdale Speciality Searches

138 N 10TH Avenue Phoenix, AZ 85007

Ryan Ney

Key Details

Location

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION