Price Reduction
Address
1850 N 51ST Street, Phoenix, AZ
Price
$ 4,845,000
Property Attributes
- MLS#6553202
- TypeMulti-Family
- CountyMARICOPA
- CityPhoenix
- Zip85008
- StyleMultiple Dwellings
- Year Built2023
- Taxes$ 3872
- Price$ 4,845,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description
Construction Completed in July 2023 See document vault link in private, semi-private, and office remarks for seller preferred method of document conveyance. The property features exclusively three-bedroom / two-and-a-half bathroom townhome-style units with a weighted average of 1,664 square feet available in two floor plans. Each unit is individually metered for electricity and select units will feature washer / dryer appliances. Interior amenities include: Air conditioning / heating, quartz countertops, shaker cabinets, tiled walk-in shower (Select Units), private balcony, backyard, and kitchen fully-equipped with stainless-steel appliances, oven / range, refrigerator, microwave, and dishwasher. All units are provided with a private backyard and one or two-car garages.
| Elementary School | Middle School | High School |
|---|---|---|
| Brunson-Lee Elementary School | Ingleside Middle School | Arcadia High School |
| Price History | |
|---|---|
| 8/22/2023 | Listed $4,850,000 |
| 8/29/2023 | 1% - $4,845,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Attached Garage | No |
| Cap Rate | 5.22 |
| Carport Y/N | No |
| City | Phoenix |
| Community Features | Barbecue, No Pool |
| Construction Materials | Stucco, Frame - Wood |
| Cooling | Individual |
| County | Maricopa |
| Days on Market | 138 |
| Directions | Entrance on North 51st Street. |
| Disclosures | None |
| Electric | Individual Meter |
| Elementary School | Brunson-Lee Elementary School |
| Elementary School District | Balsz Elementary District |
| Garage Y/N | Yes |
| Gross Income | 303167.0 |
| Heating | Individual |
| High School | Arcadia 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 | Ingleside Middle School |
| Mobilehomeremainsyn | No |
| Net Operating Income | 253045.0 |
| New_sp_Financing_co_Conventional5 | True |
| Occupancy Description | Vacant |
| Open Parking Spaces | 10.0 |
| Operating Expense | 50123.0 |
| Ownerpays | Water, Sewer |
| Ownership | Fee Simple |
| Property Type | Multiple Dwellings |
| Rent Control Y/N | No |
| Roof | See Remarks |
| Sewer | Public Sewer |
| Standard Status | Active |
| Status | Active |
| Street Name | 51ST |
| Tax Annual Amount | 3872.0 |
| Tax Lot | 1 |
| Tax Year | 2022 |
| Tenant Pays | Electricity |
| Total Units | 10 |
| Township | 2N |
| View Y/N | No |
| Year Built | 2023 |
| Zoning | R-3 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Electric On Property Y/N | No |
| Heating Y/N | Yes |
| Street Suffix | Street |
Exterior Features
| Buyer Agent Compensation | 3.00 |
|---|---|
| Buyer Agent Compensation Type | % |
| Covered Spaces | 15.0 |
| Crops Included Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Dimensions | 115 X 235 |
| Lot Size Acres | 0.0 |
| Lot Size Area | 0.0 |
| Number of Buildings | 6 |
| Open Parking Y/N | No |
| Parking Features | Free |
| Road Surface Type | Asphalt |
| Spa | No |
| Total Parking | 25.0 |
| Water Source | Master 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 85008
Price
Taxes
Visits
Year Built
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