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7625 N 10th St - The Colonel Conway Houses 4,536 SF Specialty Building Offered at $1,050,000 at a 4.45% Cap Rate in Phoenix, AZ 85020
Investment Highlights
- Extremely desireable north east phoenix area
Executive Summary
Seller says sell! Huge upside value super price ! This property was appraised in 11-2016 for $1,040,000.00 Recently valued the 2 homes @ $1.3 mil. Property needs some remodel "as is." Recent improvements include new roof, painting inside and out. The large house out front is listed on the Phoenix Historical Property Registry as the Colonel Conway House. This 4,536 sq. ft. 4 Bdrm x 4 Bath, two story home sits on a 41,675 sq.. ft. parcel. (Extra Parking?) There is a completely remodeled 1170 sq ft 3+2 house in the NE corner of the property. The owners invested $175,000 to rehab this home inside and out. This property is in an extremely desirable North Central / North East area. Pride of Ownership.
There are 2 homes, the primary house has a large cellar plus two fireplaces, pool, three car garage with additional carport parking + 20 to 30 cars/ RV's. This property is in extremely desirable North Central area.
NEIGHBORHOOD PROPERTIES ARE ABOVE AVERAGE FOR THEIR VALUE RANGE, OVERALL , SUBJECT IMPROVEMENTS WERE IDENTIFIED AS BEING IN AVERAGE OVERALL CONDITION, needs minor maintenance inside and outside.
Inside of the main house is average. Guest house is in as/new condition SUBJECT NEIGHBORHOOD AND AREA DEVELOPMENT IS CHARACTERIZED BY AVERAGE PLUS TO GOOD TO VERY GOOD QUALITY. A remodel of the interior & exterior could create a 1.4 mil + value.
These 2 homes could easily rent for $5500 to $6500 a month.
There are 2 homes, the primary house has a large cellar plus two fireplaces, pool, three car garage with additional carport parking + 20 to 30 cars/ RV's. This property is in extremely desirable North Central area.
NEIGHBORHOOD PROPERTIES ARE ABOVE AVERAGE FOR THEIR VALUE RANGE, OVERALL , SUBJECT IMPROVEMENTS WERE IDENTIFIED AS BEING IN AVERAGE OVERALL CONDITION, needs minor maintenance inside and outside.
Inside of the main house is average. Guest house is in as/new condition SUBJECT NEIGHBORHOOD AND AREA DEVELOPMENT IS CHARACTERIZED BY AVERAGE PLUS TO GOOD TO VERY GOOD QUALITY. A remodel of the interior & exterior could create a 1.4 mil + value.
These 2 homes could easily rent for $5500 to $6500 a month.
Property Facts
| Price | $1,050,000 | Building Class | C |
| Price Per SF | $231.48 | Lot Size | 0.96 AC |
| Sale Type | Investment | Building Size | 4,536 SF |
| Cap Rate | 4.45% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1929 |
| Property Subtype | Residential Income | Parking Ratio | 10/1,000 SF |
| Zoning | R1-10 - Historic designation | ||
| Price | $1,050,000 |
| Price Per SF | $231.48 |
| Sale Type | Investment |
| Cap Rate | 4.45% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.96 AC |
| Building Size | 4,536 SF |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 10/1,000 SF |
| Zoning | R1-10 - Historic designation |
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Property Taxes
| Parcel Number | 160-21-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $87,934 |
Property Taxes
Parcel Number
160-21-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$87,934
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7625 N 10th St - The Colonel Conway Houses
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