1721 S 4TH Street
Phoenix, AZ 85004
Number of Units: 12
Type: Multi-Unit Residential
8 apartments and 4 manufactured units on this property. Remodeled with new month to month leases in place. FULLY OCCUPIED - All units are filled and there is waiting list. Tenants are mostly fixed income and faithfully pay on time. Rents are an average of $442/mo with some new leases at $500 mark. Current ownership has not implemented rent increases throughout the complex, yet has prepared the tenants for the inevitable increase .... which will yield increased CAP. Not super beautiful ... just makes money. With current rents/expenses the CAP is solid 16%. PLEASE SCHEDULE APPOINTMENT TO VIEW. Seller has added coin operated laundry facility and soda machine which will convey - neither are calculated in the CAP.
Cross Street: Central and Buckeye
Directions: South on central to Mohave. East on Mohave to 4th Street. South on 4th Street.
Interior: Partially Furnished
Amenities: Other (See Remarks)
Heating: Electric, Gas, Individual
Cooling: Electric Refrigeratd
Total Number of Units: 12
Septic or Sewer: Sewer - Public
Parking Description: Free
Elementary School: Lowell Elementary School - Phoenix
Jr. High School: Lowell Elementary School - Phoenix
High School: South Mountain High School
Efficiency Units: # Efficiency Units: 4, Avg Rent: $500.00, Avg SqFt: 375, # Baths: 1
1 Bedroom Units: # 1 Bedroom Units: 4, Avg Rent: $450.00, Avg SqFt: 500, # Baths: 1
New Financing: Conventional
Annual Expenses: Elec Exp: $9663.12, Gas Exp: $1313.00, Ins Exp: $1000.00, Maint Exp: $1620.00, Wtr/Swr Exp: $500.00
Income & Expenses: Owner Association: No, Operating Exp: $14755.64
Income & Expenses: Gross Annual Sch Inc: $66036.00, Other Income: $100.00, Adjusted Gross Inc: $66136.00, Totl Mnth Rntal Inc: $5503.00, Net Operating Income: $52439.88
Property SubType: Mobile Home & RV Prk, 13 - 24 Units
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing Agent: Elite Integrity Group
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The information related to properties for sale on this website comes in part from the Internet Data Exchange (IDX) Program of the Arizona Regional Multiple Listing Service, Inc. (ARMLS). All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
ARMLS (Arizona) data last updated at January 18, 2018 6:14 PM MST