720 E Montecito Avenue , #1-4

    Phoenix, AZ 85014
    • $789,000
    • STATUS: Active
    • ID#: 5970604
    UPDATED: 50 min ago
    $789,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    BEAUTIFULLY renovated Triplex with fully permitted, roughed in 4th unit. NEW ACs, NEW wide plank wood tile floors, NEW stunning kitchens with tile backsplash and granite slab counters! NEW baths, NEW faux wood blinds, NEW Stainless Steel full sized appliances, NEW full size laundry in each unit, too much to list! AND patios with white picket fences and plenty of outdoor space for tenants! 7.45%, CAP Rate2 Units are long term rentals1 Unit is an AirBnB1 Unit is permitted for a 2/1 and is roughed in ready for Buyers finishing touches!Turn key investment property with Value Add opportunity!

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    © 2019 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 Luxury Group - Realty Executives Tucson Elite. Data last updated 2019-11-19T21:10:45.263.
    www.luxurygroupaz.com/homes/98395177

    720 E Montecito Avenue , #1-4 Phoenix, AZ 85014

    • Price: $789,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 5970604
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1955
    Built
    Neighborhood:
    Carolyn Place Lot 10-45
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Longview Elementary School
    Middle School:
    Osborn Middle School
    High School:
    North High School
    School District:
    008 - Osborn Elementary District
    Property Description
    BEAUTIFULLY renovated Triplex with fully permitted, roughed in 4th unit. NEW ACs, NEW wide plank wood tile floors, NEW stunning kitchens with tile backsplash and granite slab counters! NEW baths, NEW faux wood blinds, NEW Stainless Steel full sized appliances, NEW full size laundry in each unit, too much to list! AND patios with white picket fences and plenty of outdoor space for tenants! 7.45%, CAP Rate2 Units are long term rentals1 Unit is an AirBnB1 Unit is permitted for a 2/1 and is roughed in ready for Buyers finishing touches!Turn key investment property with Value Add opportunity!
    Exterior Features

    Construction Block Construction Finish PaintedStucco Covered Parking Spaces 0.00 Exterior Amenities Landscape Wtr SystemDesert LandscapingPartially FencedCable Tv AvailablePatio/BalconySecurity Light(S) Lot Size Dimensions .209Acres / 9095 Sf Parking Free>1 Space Per Unit Roads Asphalt/BlacktopConcreteSidewalk(S) Roofing Comp Shingle Total Parking Spaces 6.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 600 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 750 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorDishwasherMicrowaveWasher/Dryer Cooling Electric RefrigeratdIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating GasCeiling Fan(S)Energy Star Qualified Equipment Interior Amenities UnfurnishedFire/Smoke Alarm(S)

    Property Features

    1 Bedroom Unit Avg Rent 1195.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1395.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 67977.60 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1200.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 300.00 Annual Legal And Acctg 0.00 Annual Maint Exp 1200.00 Annual Mgmt Exp 3782.40 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 600.00 Annual Wtr Swr Exp 1200.00 Community Amenities No Pool Cross Street 7th Street & Indian School Road Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric SrpSubmetered System Gas Submetered SystemSw Gas Gross Annual Sch Inc 70080.00 Hoa YN No Net Operating Income 58785.00 New Financing Conventional Operating Exp 9370.40 Other Income 0.00 Owner Pays WaterSewerTrashLandscaping Project Type Tri-PlexFour Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By OwnerProjected Proforma Tax Municipality Phoenix Taxes 1088.00 Tenant Pays ElectricGas Vacancy Allowance 0.03 Water City FranchiseSubmetered System Zoning R-4

    Listing courtesy of Realty Executives.


    © 2019 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 Luxury Group - Realty Executives Tucson Elite. Data last updated 2019-11-19T21:10:45.263.
     
    Luxury Group - Realty Executives Tucson Elite
    6760 N Oracle Rd Suite 130
    Tucson AZ, 85704