Skip To Content

2801 E Marconi Avenue

Phoenix, AZ 85032
  • $605,000
  • STATUS: Closed
  • ON SITE: 33 Days
  • MLS #: 6382941
Sold - 05/13/2022
$605,000
SOLD - 05/13/2022
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1982
County:
Area:

School Information

Description

Value add 4plex in North Central Phoenix! Long term tenants with extremely low rents compared to the current hot rental market. New ownership can realize immediate cash flow and value gains by doing a refresh on three of the interiors. 1982 constructed building with a fantastic unit mix: One - 3 bed / 3 bath (very rare to find a 3/3 in town!), Two 2 bed / 2 bath units and one - 1 bed / 1 bath. Tenants love the huge interiors with modern layouts and in-unit full size washer/dryer. Tenants pay their individually metered electric / cable (no gas), while landlord just pays the HOA dues (includes: water, sewer, trash, common area, and the pool). Each standalone building in the community has 4 covered parking spaces and additional uncovered spaces.

Monthly Payment Calculator



© 2022 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 neXGen Real Estate. Data last updated 2022-05-17T23:13:43.867.
www.xgreal.com/homes/127656860
Print Image

2801 E Marconi Avenue Phoenix, AZ 85032

  • Price: $549,000
  • Status: Closed
  • On Site: 33 Days
  • Updated: 32 min ago
  • MLS #: 6382941
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1982
Built
Neighborhood:
Greenway Manor
County:
Maricopa
Area:
Phoenix
Elementary School:
Palomino Primary School
Middle School:
Greenway Middle School
High School:
Paradise Valley High School
School District:
069 - Paradise Valley Unified District
Property Description
Value add 4plex in North Central Phoenix! Long term tenants with extremely low rents compared to the current hot rental market. New ownership can realize immediate cash flow and value gains by doing a refresh on three of the interiors. 1982 constructed building with a fantastic unit mix: One - 3 bed / 3 bath (very rare to find a 3/3 in town!), Two 2 bed / 2 bath units and one - 1 bed / 1 bath. Tenants love the huge interiors with modern layouts and in-unit full size washer/dryer. Tenants pay their individually metered electric / cable (no gas), while landlord just pays the HOA dues (includes: water, sewer, trash, common area, and the pool). Each standalone building in the community has 4 covered parking spaces and additional uncovered spaces.
Exterior Features

Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 4.00 Exterior Amenities Cable Tv AvailableDesert LandscapingPatio/BalconySatellite Dish Lot Size Dimensions 80X120 Parking 1 Space/UnitAdd'l Parking AvailCarport Roads Asphalt Roofing Built-Up

Interior Features

1 Bedroom Unit Avg Sq Ft 929 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 1105 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 1300 3 Bedroom Unit Baths 3 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherDisposalF/S Oven/RangeRefrigeratorW/D Hookup Cooling Ceiling Fan(S)ElectricIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetOtherVinyl Heating ElectricHeat PumpIndividual Interior Amenities Fire/Smoke Alarm(S)

Property Features

1 Bedroom Unit Avg Rent 899.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 802.50 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 813.29 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 40893.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1250.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 1500.00 Annual Mgmt Exp 3273.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 8514.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities Manager Res/OfficePlay AreaPool Cross Street 29th Street And Greenway Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 40893.00 Hoa YN Yes Net Operating Income 24950.00 New Financing 1031 ExchangeConventionalNo CarryVa Operating Exp 15942.00 Other Income 0.00 Owner Pays See Remarks Project Type Four Plex Sale Includes Land & Building Sewer Sewer - PublicSewer-In & Connected Source Of Financial Data Provided By Owner Status Update Multiple Offers Recd Tax Municipality Phoenix Taxes 1405.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 3407.75 Vacancy Allowance 0.00 Water City Franchise Zoning Multi Family

Listing provided by Homesmart: (602) 889-2135.


© 2022 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 neXGen Real Estate. Data last updated 2022-05-17T23:13:43.867.
 
https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6382941-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6382941-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6382941-2.jpg
Logo
neXGen Real Estate
3101 N Central Ave., Suite 154
Phoenix AZ, 85012