Price Reduction
Address
2326 E PINCHOT Avenue, Phoenix, AZ
Price
$ 3,200,000
Property Attributes
- MLS#6586083
- TypeMulti-Family
- CountyMARICOPA
- CityPhoenix
- Zip85016
- StyleMultiple Dwellings
- Year Built1958
- Taxes$ 6693
- Price$ 3,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description
Prime Opportunity in Biltmore Corridor. 12-unit garden-style apartment complex located in great east Phoenix neighborhood. Eleven out of twelve units completely remodeled with new kitchens and baths. New Roofs on Apartments in 2022/2023. Water lines updated inside the units. Centrally located complex is ideal to add to your portfolio. Block construction with new pitched composition shingle roofs and individually metered for electricity. Additional income from leased laundry. There is room to increase rents and possibly add in unit laundry. Minutes to shopping & dining at Biltmore Fashion Park, Town and Country Mall and so much more. Easy access to the 51 Freeway, downtown Phoenix, bus transportation and employment. Do not walk property or talk to tenants. Inspection with accepted offer
| Elementary School | Middle School | High School |
|---|---|---|
| Loma Linda Elementary School | Loma Linda Elementary School | Camelback High School |
| Price History | |
|---|---|
| 7/29/2023 | Listed $3,500,000 |
| 9/13/2023 | 9% - $3,200,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Attached Garage | No |
| Cap Rate | 5.31 |
| Carport Y/N | No |
| City | Phoenix |
| Community Features | Barbecue, No Pool |
| Construction Materials | Painted, Block |
| Cooling | Electric |
| County | Maricopa |
| Days on Market | 62 |
| Directions | South on 24th Street to Pinchot. Turn Right or West on Pinchot. Complex is on North Side. No Sign on Property, Do Not Walk Complex. Inspections with Accepted Offer. |
| Disclosures | Seller Prop Disc Stm |
| Electric | SRP |
| Electric Expense | 600.0 |
| Elementary School | Loma Linda Elementary School |
| Elementary School District | Creighton Elementary District |
| Fuel Expense | 0.0 |
| Garage Y/N | No |
| Gross Income | 214320.0 |
| Heating | Electric |
| High School | Camelback High School |
| High School District | Phoenix Union High School District |
| Insurance Expense | 8000.0 |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Lot Size Square Feet | 0.0 |
| Maintenanceexpense | 3000.0 |
| Middle/Junior High School | Loma Linda Elementary School |
| Mobilehomeremainsyn | No |
| Net Operating Income | 169927.0 |
| Open Parking Spaces | 0.0 |
| Operating Expense | 44393.0 |
| Ownerpays | Trash Collection, Water, Sewer, Landscaping |
| Ownership | Fee Simple |
| Property Type | Multiple Dwellings |
| Rent Control Y/N | No |
| Roof | Composition, Rolled/Hot Mop |
| Sewer | Public Sewer |
| Standard Status | Active |
| Status | Active |
| Street Name | PINCHOT |
| Subdivision Name | none |
| Tax Annual Amount | 6693.0 |
| Tax Year | 2022 |
| Tenant Pays | Electricity, Cable TV |
| Total Units | 12 |
| Township | 2N |
| Trash Expense | 3000.0 |
| View Y/N | No |
| Water Sewer Expense | 6000.0 |
| Year Built | 1958 |
| Zoning | m-h r4 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Electric On Property Y/N | No |
| Heating Y/N | Yes |
| Street Suffix | Avenue |
Exterior Features
| Covered Spaces | 11.0 |
|---|---|
| Crops Included Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Dimensions | 120 x 150 |
| Lot Size Acres | 0.0 |
| Lot Size Area | 0.0 |
| Number of Buildings | 3 |
| Open Parking Y/N | No |
| Road Surface Type | Asphalt, Sidewalk(s) |
| Spa | No |
| Total Parking | 11.0 |
| 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 85016
Price
Taxes
Visits
Year Built
Walkscore
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