Address
1623 W Missouri Avenue, Phoenix, AZ
Price
$ 6,300,000
Property Attributes
- MLS#6586780
- TypeMulti-Family
- CountyMARICOPA
- CityPhoenix
- Zip85015
- StyleMultiple Dwellings
- Year Built1963
- Taxes$ 12639
- Price$ 6,300,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description
The Gem on Missouri offers a combined total of 22,700 rentable square feet. The property features eight buildings and offers one-bedroom, two-bedroom/one and a half bathroom, two-bedroom/two-bathroom and three-bedroom/two-bathroom floor plans. Built in 1963, the property offers amenities including gated access, in unit washer and dryers, security doors, a pool, fitness center, attractive common areas and covered parking. This property represents a unique opportunity to acquire a sizable footprint in the Midtown Phoenix Submarket with significant rental upside.
| Elementary School |
|---|
| Solano School Elementary School |
| Price History | |
|---|---|
| 8/1/2023 | Listed $6,300,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Attached Garage | No |
| Cap Rate | 5.7 |
| Carport Y/N | No |
| City | Phoenix |
| Community Features | Barbecue, Exercise Room, Pool |
| Construction Materials | Painted, Block |
| Cooling | Central A/C, Ceiling Fan(s) |
| County | Maricopa |
| Days on Market | 59 |
| Disclosures | None |
| Electric | Individual Meter |
| Elementary School | Solano School |
| Elementary School District | Osborn Elementary District |
| Garage Y/N | No |
| Gross Income | 486238.69 |
| Heating | Other |
| High School District | Phoenix Union High School District |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Lot Size Square Feet | 0.0 |
| Mobilehomeremainsyn | No |
| Net Operating Income | 358963.0 |
| New_sp_Financing_co_Conventional5 | True |
| Occupancy Description | Tenant |
| Open Parking Spaces | 10.0 |
| Operating Expense | 12639.0 |
| Ownerpays | Landscaping, Pool/Spa Maintenance |
| Ownership | Fee Simple |
| Property Type | Multiple Dwellings |
| Rent Control Y/N | No |
| Roof | Composition |
| Sewer | Public Sewer |
| Standard Status | Active |
| Status | Active |
| Street Name | Missouri |
| Tax Annual Amount | 12639.0 |
| Tax Lot | 7 |
| Tax Year | 2022 |
| Tenant Pays | Gas, Electricity, Water, Sewer, Cable TV |
| Total Units | 29 |
| View Y/N | No |
| Year Built | 1963 |
| Zoning | 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 | 29.0 |
|---|---|
| Crops Included Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Dimensions | 266x264x128x120x120x144 |
| Lot Size Acres | 0.0 |
| Lot Size Area | 0.0 |
| Number of Buildings | 8 |
| Open Parking Y/N | No |
| Parking Features | Paved Parking, Free, |
| Road Surface Type | Concrete, Sidewalk(s) |
| Spa | No |
| Total Parking | 39.0 |
| Water Source | Individual Meter |
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 85015
Price
Taxes
Visits
Year Built
Walkscore
© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Information deemed to be reliable but not guaranteed. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Only IDX residential listings are displayed on this site. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose
