SELLER WILL CARRYBACK. UNITS ARE RENTED FOR AVERAGE $125 PER WEEK. GREAT CAP RATE AND GREAT RETURN ON INVESTMENT OF 23%. NOTE MANAGEMENT EXPENSES INCLUDE SALARIES OF EMPLOYEES. HAS FORMER RESTAURANT BEING USED FOR STORAGE BUT CAN BE CONVERTED OR TURNED INTO A MINI-MART. GREAT OPPORTUNITY TO INCREASE INCOME. A REAL MONEY-MAKER, SELLER WILL CONSIDER TRADE OR LEASE WITH OPTION TO PURCHASE.
Off market
Zestimate®
$4,470,900
1501 NW Grand Ave, Phoenix, AZ 85007
--beds
1baths
38,880sqft
Multi Family
Built in 1958
-- sqft lot
$4,470,900 Zestimate®
$115/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 14, 2012 at 08:55am
Listed by:
Ben Kehela,
Century 21 Metro Alliance
Bought with:
Ben Kehela
Century 21 Metro Alliance
Source: ARMLS,MLS#: 1508553
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Individual, Electric
Cooling
- Evaporative Cooling
Appliances
- Included: None
Features
- Flooring: Carpet, Vinyl, Concrete
Interior area
- Total structure area: 38,880
- Total interior livable area: 38,880 sqft
Property
Parking
- Total spaces: 30
- Parking features: >1 Space Per Unit
- Uncovered spaces: 30
Details
- Parcel number: 11116091
- Zoning: 0
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Block
- Roof: Built-Up
Condition
- Year built: 1958
Utilities & green energy
- Electric: APS, Master Meter
- Sewer: Public Sewer
- Water: City Franchise
Community & neighborhood
Community
- Community features: Pool
Location
- Region: Phoenix
Other
Other facts
- Listing terms: Owner May Carry
- Ownership: Fee Simple
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Estimated market value
$4,470,900