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2610 N 24TH Street, Phoenix, AZ 85008 (MLS# 6662622)

2610 N 24TH Street, Phoenix, AZ 85008

$1,450,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,450,000 Last Modified: 2/18/2024

Description

The Property 🏡 **Investment Opportunity in Phoenix, AZ - Master Leased Triplex** Welcome to 2610 N 24th St, Phoenix, AZ 85008 - a remarkable investment opportunity tailored for the savvy investor seeking hassle-free returns and long-term stability. This triplex, strategically located in the heart of Phoenix, is not just a property; it's a gateway to consistent passive income and peace of mind. See Suppliment

Supplements: The Property <á **Investment Opportunity in Phoenix, AZ - Master Leased Triplex** Welcome to 2610 N 24th St, Phoenix, AZ 85008 - a remarkable investment opportunity tailored for the savvy investor seeking hassle-free returns and long-term stability. This triplex, strategically located in the heart of Phoenix, is not just a property; it's a gateway to consistent passive income and peace of mind. **Key Features:** = **Master Lease with an Alcohol Sobriety Company:** The property is master leased to a reputable alcohol sobriety company, ensuring a steady stream of income. With the tenant bearing all expenses except property insurance and taxes, you can enjoy hassle-free ownership while maximizing your returns. =° **Lucrative Lease Terms:** The lease agreement secures a monthly income of $6,500, with a 5% rental increase annually, guaranteeing growth in your investment over the three-year lease period. <Þ **Exceptional Amenities:** Step into a tranquil oasis boasting an amazing courtyard adorned with a spa, BBQ area, firepit, and a putting green. This meticulously designed space enhances the property's appeal and ensures tenant satisfaction. <à **Tasteful Decor and High Success Rate:** Every detail of this property has been carefully curated, offering a tastefully decorated environment that contributes to its high success rate. Experience the simplicity of investing with a property that not only meets but exceeds expectations. **Why Invest Here?** =È **Stability and Convenience:** Enjoy the simplicity of investing with a property that offers stable returns and minimal management requirements. With the tenant handling most expenses, you can focus on reaping the rewards of your investment effortlessly. < **Residential Loan Eligibility:** Unlike many commercial properties, this triplex is eligible for residential loans, making financing more accessible and convenient for potential investors. = **Verify and Secure Your Investment:** While we provide you with comprehensive details, we encourage potential buyers to verify all facts and figures to ensure confidence in their investment decision. Don't miss out on this exceptional opportunity to secure a prime investment property in Phoenix, AZ. Whether you're a seasoned investor or just starting, this master leased triplex offers simplicity, stability, and significant potential for growth. Contact us today to learn more and take the first step towards building your investment portfolio! *Disclaimer: Buyer to verify all facts and figures. Investment decisions should be made after thorough due diligence.*

More Information MLS# 6662622

Contract Info

Current Price: $1,450,000 List Price: $1,450,000 Status: Active List Date: 2024-02-11 Ownership: Fee Simple Buyer/Broker: Y Buyer Broker $/%: %

Location, Tax & Legal

House Number: 2610 Compass: N Street Name: 24TH St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85008 Zip4: 1846 Country: USA County Code: Maricopa Legal Description (Abbrev): LOT 3 6 GREENFIELD GARDENS BLOCKS 1 THRU 5 MCR 002021 Subdivision: GREENFIELD GARDENS BLOCKS 1 THRU 5 Assessor's Map #: 8 Assessor's Parcel #: 112 Assessor Parcel Ltr: C Add'l Parcels: No Assessor Number: 117-08-112-C Legal: LOT 3 6 GREENFIELD GARDENS BLOCKS 1 THRU 5 MCR 002021 Census Tract: 111601 Tax Municipality: Phoenix Taxes: 541 Tax Year: 2023 Marketing Name: NN Lease Triplex

General Property Description

Lot Size Dimensions: irr Year Built: 1937 Uncvrd Parking Spcs: 4 Total # of Units: 3 # of Buildings: 3 Zoning: R-5 Elementary School District: Creighton Elementary District High School District: Phoenix Union High School District

Remarks & Misc

Cross Street: Thomas and 24th Street Directions: South on 24th Street from Thomas. Property is on the west side of street Geo Lat: 33.47621 Geo Lon: -112.030584

Status Change Info

Status Change Date: 2024-02-11

Legal Info

Township: 2N Range: 3E Section: 34 Lot Number: 3 6

Income & Expenses

Owner Association: No Operating Exp: 541 Gross Annual Sch Inc: 78000 Adjusted Gross Inc: 78000 Net Operating Income: 77459

Pmt & Rate Info

Cap Rate: 5.34 Equity: 1450000

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 2 Avg Rent: 6500 Avg SqFt: 700 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg SqFt: 2000 # Baths: 1

Property Features

Project Type: Tri-Plex Construction: Frame - Wood; Adobe Const - Finish: Painted; Stucco Roofing: Comp Shingle Floors: Ceramic Tile Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks) Community Amenities: No Pool; Spa(s); Heated Spa(s); Play Area; Golf/Putting Green; Barbecue; See Remarks Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Heat Pump; Individual Water: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: Propane Bottled Parking: Carport; >1 Space Per Unit; Free; Paved Parking Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s) Owner Pays: Other; See Remarks Tenant Pays: Water; Sewer; Electric; Trash; Cable TV; Landscaping; Pool/Spa Maintenance; Other (See Remarks) Source of Fincl Data: Provided by Owner Lockbox Type: Other; See Private Remarks New Financing: Conventional; No Carry Reports/Disclosures: Seller Prop Disc Stm; Sch of Personal Prop; Other (See Remarks) Environmental: Other (See Remarks)
Listing Office: Gerchick Real Estate
Last Updated: February - 18 - 2024
2610 N 24TH Street, Phoenix, AZ 85008- MLS# 6662622
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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