Address
5421 S 4TH Street S, Phoenix, AZ
Price
$ 2,399,000
Property Attributes
  • MLS#6559486
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodREXMERE HEIGHTS
  • Zip85040
  • StyleMultiple Dwellings
  • Year Built1948
  • Taxes$ 1752
  • Price$ 2,399,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

INCREIDIBLE INVESTMENT OPPORTUNITY!!!! Located close to the Heart of Downtown, the value resides in the land and it's Potential!!! Zoned R2 Minimum Extremely desirable location, walking distance to many shops and Restaurants, this property includes 5 structures addresses # 5421,5423 and 5427 Parcels # ,113-45-051 ,113-45-047 and 113-45-048 land together is 79,197 sqt almost 2 acres, everything is sold together, the price lies in the land joining the 3 parcels not on the houses, !!!Bring your development and building plans to this site., Property is equipped for any Developer with multiple investment opportunities ..

Elementary School Middle School High School
Roosevelt Elementary School Phoenix Union Bioscience High School Phoenix Union Bioscience High School
Price History
5/22/2023 Listed $2,399,000

General Features

Additional Parcels Y/N Yes
Attached Garage No
Cap Rate 0.24
Carport Y/N No
City Phoenix
Community Features No Pool
Construction Materials Painted, Stucco, Frame - Wood
Cooling 2 or More Units, Electric, Ceiling Fan(s)
County Maricopa
Current Financing Not Applicable
Days on Market 126
Directions SOUTH CENTRAL AVE EAST SOUTHERN AVE NORTH ON 4TH AVE TO PROPERTY
Disclosures None
Electric SRP
Elementary School Roosevelt Elementary School
Elementary School District Roosevelt Elementary District
Garage Y/N No
Gross Income 278400.0
Heating None, Other
High School Phoenix Union Bioscience High School
High School District Phoenix Union High School District
Lease Considered Y/N No
Lease Renewal Y/N No
Lot Size Square Feet 0.0
Middle/Junior High School Phoenix Union Bioscience High School
Mobilehomeremainsyn No
Net Operating Income 5800.0
New_sp_Financing_co_Conventional5 True
Occupancy Description Tenant
Open Parking Spaces 10.0
Operating Expense 1752.0
Ownerpays See Remarks
Ownership Fee Simple
Property Type Multiple Dwellings
Rent Control Y/N No
Roof Composition
Sewer Public Sewer
Standard Status Active
Status Active
Street Name 4TH
Subdivision Name REXMERE HEIGHTS
Tax Annual Amount 1752.0
Tax Lot 34
Tax Year 2022
Tenant Pays See Remarks, None
Total Units 5
Township 1N
View Y/N No
Year Built 1948
Zoning R2 MINIMUM

Interior Features

Air Conditioning Y/N Yes
Electric On Property Y/N No
Heating Y/N No
Street Suffix Street

Exterior Features

Buyer Agent Compensation 2.00
Buyer Agent Compensation Type %
Covered Spaces 3.0
Crops Included Y/N No
Irrigation Water Rights Y/N No
Lot Dimensions 301.01X66.25
Lot Size Acres 0.0
Lot Size Area 0.0
Number of Buildings 5
Open Parking Y/N No
Parking Features Other (See Remarks), Common
Road Surface Type Treated
Spa No
Total Parking 13.0
Water Source City Franchise

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 85040

Price
AVG $880K
$2.4M
Taxes
AVG $870
$1,752
Visits
AVG 139
253
Year Built
AVG 1966
1948
Walkscore
AVG 59
60
Data Provided by Walkscore ® not using MLS data

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Your Agent

Julie Allen

Julie Allen

732-239-1028

Listed By
neXGen Real Estate;

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