Price Reduction
1850 N 51ST Street, Phoenix, AZ
$ 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


  • 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

AVG $1.74M
AVG $3,046
AVG 157
Year Built
AVG 1963

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