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Browse More Listings in Multifamily For Sale, Phoenix, AZ or Arizona

Multifamily Property For Sale

24TH STREET AND CAMELBACK

4721 N 24th Street, Phoenix, AZ 85016

Price:
$1,250,000
No. Units:
3
Building Size:
4,200 SF
Price/Unit:
$416,666.67
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Property Use Type:
Investment
Occupancy:
100%
Lot Size:
22,500 SF
Find Out More...

Last Verified 10/22/2009 Listing ID 15906137

Description

PRICE REDUCED - 3 contiguous older residential homes, surrounded on 3 sides by office and high rise residential. Best area in Phoenix, literally steps to the Builtmore, Builtmore Fashion Park shopping and restaurants, Explanade, Ritz Carlton. Frontage on 24th Street in the center of the business and residential Biltmore/Camelback Corridor. Build 3 Executive townhomes, or hold for investment, future rezoning to commercial/multifamily. (Homes in interior of this older housing complex sold for $450th in 2006, $350th in 2007,2008. Currently rented, approx. $1000 per month each. 22 thousand plus sq.ft. of land.

Camelback corridor, 24th Street and Camelback, Phoenix, Arizona - one block from Biltmore Fashion Park and Biltmore Estates, steps from Explanade and Ritz Carlton.

Financial Summary

Unit Mix Information

Actual
Year
2009
Scheduled Gross Income
$36,000
Operating Expenses
$7,500
Net Operating Income
$28,500

Description	Avg. Mo. Rent	Sq. Ft.
1 single family home	$1,000	1,400
1 single family home	$1,200	1,400
1 single family home	$1,000	1,400

Map of 4721 N 24th Street, Phoenix, AZ 85016 (Maricopa County)

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Presented by

Enchanted Eve, Inc

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Contact Listing Broker

Eve Picquette (602) 618-7170

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Created 9/23/2008

Additional Information for 4721 N 24th Street, Phoenix, AZ 85016

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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Duplex/Triplex
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Garden/Low-Rise
Sold 2Q 2006

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 24TH STREET AND CAMELBACK

4721 N 24th Street, Phoenix, AZ, 85016