2838 W Melvin Street

    Phoenix, AZ 85009
    • $195,000
    • STATUS: Active
    • ON SITE: 55 days
    • MLS #: 5728216
    UPDATED: 56 min ago
    $195,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1931
    County:
    Area:

    School Information

    Elementary School:
    Middle School:

    Description

    Looking to make easy money? You have found it! This property has space to legally add two more apartments, a savvy investor can make quick money with a flip or just enjoy the 10% CAP. Imagine the CAP with adding the extra units. PROFORMA OF $2150 ($850+$650+$650) The separate 3 bedroom home is currently undervalued and can easily get $850. All tenants in leases until May 2018! Laundry hook-up on site and just moments to shops and downtown! Seller is moving out of state and must sell fast! This won't last, contact us today!

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    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Pete Dijkstra Team | Keller Williams Integrity First Realty. Data last updated 2018-04-21T16:12:24.947.
    www.anyazhome.com/homes/81057783

    2838 W Melvin Street Phoenix, AZ 85009

    • Price: $195,000
    • Status: Active
    • Updated: 56 min ago
    • MLS #: 5728216
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1931
    Built
    Neighborhood:
    Willow Addition
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    J B Sutton Elementary School
    Middle School:
    Isaac E Imes School
    High School:
    Carl Hayden High School
    School District:
    059 - Laveen Elementary District
    Property Description
    Looking to make easy money? You have found it! This property has space to legally add two more apartments, a savvy investor can make quick money with a flip or just enjoy the 10% CAP. Imagine the CAP with adding the extra units. PROFORMA OF $2150 ($850+$650+$650) The separate 3 bedroom home is currently undervalued and can easily get $850. All tenants in leases until May 2018! Laundry hook-up on site and just moments to shops and downtown! Seller is moving out of state and must sell fast! This won't last, contact us today!
    Exterior Features

    Construction Frame - Wood Construction Finish Other (See Remarks) Covered Parking Spaces 0.00 Exterior Amenities Fenced Lot Size Dimensions Irr Parking Other (See Remarks) Roads Asphalt/Blacktop Roofing Other (See Remarks) Total Parking Spaces 4.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigerator Cooling Evaporative Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other (See Remarks) Heating Other (See Remarks) Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 575.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 765.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 22580.00 Annual Elec Exp 0.00 Annual Gas Exp 180.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 1500.00 Auction No Community Amenities Other (See Remarks) Cross Street 29th Ave & Van Buren Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 22580.00 Hoa YN No Net Operating Income 17800.00 New Financing Other (See Remarks) Operating Exp 2376.00 Other Income 0.00 Other Type House + Rental Units Owner Pays WaterTrashGas Project Type Tri-Plex Sale Includes Land & Building Sewer Sewer - PublicSewer-In & Connected Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 696.00 Tenant Pays ElectricCable Tv Totl Mnth Rntal Inc 1915.00 Vacancy Allowance 0.00 Water City Franchise Zoning R-3

    Listing courtesy of Homesmart.
    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Pete Dijkstra Team | Keller Williams Integrity First Realty. Data last updated 2018-04-21T16:12:24.947.
     
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