1825 E HARVARD Street, Phoenix, AZ 85006
$890,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$890,000
Last Modified:
11/01/2024
Description
Fully stabilized & 100% occupied at a 7 CAP. Completely renovated from A-Z with strong cash flow. This charming four-unit community offers more bang for the buck. Ideally situated in the 85006 zip near Phoenix Children's Hospital & the Coronado & Garfield districts. The unit mix consists of a single-family home with 831sf that has 2 bed/2 baths, built in 1930, & a triplex built in 1958. The triplex has one 2 bed/1 bath unit that is 787sf, along with two 1 bed/1 bath units that are each 656sf. Total of 2930sf or $322/sf. Rents/extras are #1 $1868; #2 $1543; #3 $1431; & #4 $1723. Huge 12,441 sf lot. Excellent curb appeal & ample parking. Fully renovated, fully stabilized. Pride of ownership throughout.
More Information MLS# 6715612
Contract Info
Ownership: Fee Simple
Current Price: $890,000
Sold Price: $890,000
Status: Closed
List Date: 2024-06-05
Location, Tax & Legal
Assessor's Map #: 6
Legal Description (Abbrev): GREENFIELD AC TR 2 PT LOT 49 N 150' OF W2 W2
Assessor's Parcel #: 79
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111602
Taxes: 1328
Legal: GREENFIELD AC TR 2 PT LOT 49 N 150' OF W2 W2
Marketing Name: Polished Harvard 4
House Number: 1825
Compass: E
Street Name: HARVARD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1807
County Code: Maricopa
Subdivision: GREENFIELD ACRES TRACT 2
Assessor Number: 117-06-079
Tax Year: 2023
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 12441 sf
Flood Zone: No
Total # of Units: 4
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Year Built: 1958
Zoning: R-3
Legal Info
Range: 3E
Section: 34
Township: 2N
Lot Number: 49
Project Type
Four Plex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Other (See Remarks): 1
Roofing
Composition: 1
Floors
Vinyl: 1
Wood: 1
Ceramic Tile: 1
Other: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Other (See Remarks): 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 9452
Operating Exp: 10780
Other Income: 1200
Vacancy Allowance: 0.03
Adjusted Gross Inc: 77580.6
Totl Mnth Rntal Inc: 6565
Pmt & Rate Info
Cap Rate: 7.07
Equity: 945000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
Other: 1
See Private Remarks: 1
Community Features
Other: 1
Heating
Electric: 1
Individual: 1
Heat Pump: 1
See Remarks: 1
Cooling
Electric: 1
Heat Pump: 1
Individual: 1
See Remarks: 1
Exterior Amenities
Landscape Wtr System: 1
Desert Landscaping: 1
Partially Fenced: 1
RV/Boat Parking: 1
Patio/Balcony: 1
Separate Storage: 1
Security Light(s): 1
Other (See Remarks): 1
Interior Amenities
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Other (See Remarks): 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Built-In Range: 1
Refrigerator: 1
Disposal: 1
W/D Hookup: 1
Roads/Streets
Asphalt: 1
Dedicated Street: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
>1 Space Per Unit: 1
Paved: 1
Assigned: 1
Other: 1
Electric
APS: 1
Individual Meter: 1
Other (See Remarks): 1
Gas
None: 1
Owner Pays
Other: 1
See Remarks: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Ln Type
Not Applicable: 1
Existing 1st Ln Trms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Ln Type
Not Applicable: 1
Existing 2nd Ln Trms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Ln Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Ln Trms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1487
Avg SqFt: 656
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1796
Avg SqFt: 809
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 16th & Thomas
Directions: A few blocks south of Thomas & a few blocks east of 16th St.
Geo Lat: 33.473633
Geo Lon: -112.042083
Status Change Info
Off Market Date: 2024-10-17
Under Contract Date: 2024-10-02
Close of Escrow Date: 2024-10-31
Sold Price: $890,000
Income Expenses
Gross Annual Sch Inc: 78780
Net Operating Income: 66800
Property Features
Project Type: Four Plex
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco; Other (See Remarks)
Roofing: Composition
Floors: Vinyl; Wood; Ceramic Tile; Other
Sale Includes: Land & Building; Personal Property; Other (See Remarks)
Community Features: Other
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Partially Fenced; RV/Boat Parking; Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Other (See Remarks)
Appliances Included: Built-In Range; Refrigerator; Disposal; W/D Hookup
Heating: Individual; Heat Pump; See Remarks
Cooling: Electric; Heat Pump; Individual; See Remarks
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter; Other (See Remarks)
Gas: None
Parking Features: >1 Space Per Unit; Assigned; Paved; Other
Owner Pays: Other; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
Lockbox Type: Other; See Private Remarks
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional; 1031 Exchange; Other (See Remarks)
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: November - 01 - 2024
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.