1537 W Pierce Street, Phoenix, AZ 85007
$574,900
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$574,900
Last Modified:
9/10/2024
Description
Ignore ''Days on market'' we took if off market to remodel. Vacant unit completely & beautifully remodeled! ALL BRAND NEW!!! What an opportunity to purchase a Primary with only 5 % down payment or less!!!
The other 2 units are month to month providing a great ''value add'' opportunity to bring rents up to market rates.
The property sits in the heart of the Grand Avenue Arts District providing a special and rare opportunity for an investor, or an owner occupant, to plant roots in a community that is both vibrant, and growing. Within walking distance from the main Grand Ave art walk street full of galleries, restaurants, unique retail stores, makers' studios, salons, and boutiques.
Unit 1 rent $1,250
Unit 2 rent $1,350
Unit 3 vacant & beautifully remodeled for primary home buyer!
More Information MLS# 6738310
Contract Info
Current Price: $574,900
List Price: $574,900
Status: Active
List Date: 2024-08-01
Ownership: Fee Simple
Location, Tax & Legal
House Number: 1537
Compass: W
Street Name: Pierce
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Country: USA
County Code: Maricopa
Assessor's Map #: 25
Assessor's Parcel #: 156
Add'l Parcels: No
Assessor Number: 111-25-156
Legal: WEST LAWN
Tax Municipality: Phoenix
Taxes: 930
Tax Year: 2023
Marketing Name: Primary Rez
General Property Description
Lot Size Dimensions: 128 X 50
Year Built: 1983
Uncvrd Parking Spcs: 6
Total # of Units: 3
# of Buildings: 1
Zoning: R-5
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Grand Ave and 15th Ave
Geo Lat: 33.45563
Geo Lon: -112.092935
Status Change Info
Status Change Date: 2024-08-22
Legal Info
Lot Number: 15
Income & Expenses
Annual Landscape Exp: 720
Annual Trash Exp: 960
Annual Wtr/Swr Exp: 2160
Owner Association: No
Operating Exp: 4770
Gross Annual Sch Inc: 34200
Vacancy Allowance: 0.05
Adjusted Gross Inc: 32490
Totl Mnth Rntal Inc: 34200
Net Operating Income: 30360
Pmt & Rate Info
Cap Rate: 5.28
Equity: 574900
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1020
Avg SqFt: 635
# Baths: 1
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Building(s) Only
Community Amenities: Play Area
Appliances Included: Refrigerator; Washer/Dryer
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: >1 Space Per Unit; Add'l Parking Avail; Free
Roads/Streets: Asphalt; Dedicated Street
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Lockbox Type: Mech-box / Combo
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; Seller May Carry
Reports/Disclosures: None
Environmental: None
Listing Office: Best Homes Real Estate
Last Updated: September - 10 - 2024
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