Address
1533 W Pierce Street, Unit 1-6 Phoenix, AZ
Price
$ 840,000
Property Attributes
  • MLS#5779157
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodWest Lawn
  • Zip85007
  • Style
  • Year Built2018
  • Taxes743
  • Price$ 840,000
  • Bedrooms12
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage3840
Listing Provided Courtesy Of:
Gentry Real Estate Group
Property Description

**Gross Cap = 9%** *$75600 gross income* potential Brand NEW apartments!! 6 units in total. Completion is approx. 2 weeks away with 50% of the building preleased already!! All units 2 bed, 1 bath, White Quartz counters, stainless appliances, in unit laundry, hard wood floors and metal accent walls make this a unique space to call home. All units electric individually metered with all other utilities being sub-net split between residences makes for higher returns. Very efficient units with LED lighting throughout make energy bills very low!! All conveniently located in walking distance to Downtown Phx, coffee shops, restaurants and light rail.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
6/12/2018 Listed $840,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 1050.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Frame - Metal, Other (See Remarks)
Listing Status Active
Net Income 75600.00
New Financing Conventional, 1031 Exchange
Owner Pays Landscaping
Property Type F
Public Remarks **Gross Cap = 9%** *$75600 gross income* potential Brand NEW apartments!! 6 units in total. Completion is approx. 2 weeks away with 50% of the building preleased already!! All units 2 bed, 1 bath
School District 001 - Phoenix Elementary District
Subdivision WEST LAWN
Tenant Pays Water, Trash, Electric
Type ER
Unit Number 1-6
Year Built 2018
Zoning r5

Interior Features

2 Bedroom Units: # 2 Bedroom Units 6
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 640
Appliances Included F/S Oven/Range, Washer/Dryer, Microwave, Disposal, Dishwasher, Refrigerator
Cooling Electric Refrigeratd
Electric APS
Floors Wood
Gas None
Heating Electric
Total Number of Units 6.00

Exterior Features

Sale Includes Land & Building, Laundry Equipment
Complex Features No Pool
Const - Finish Painted, Stucco
Covered Parking Spcs 0.00
Lot Size Dimensions 6125
Parking Other (See Remarks)
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 11.00
Water Master Meter, Submetered System, City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85007

Price
AVG $420K
$840K
Taxes
AVG $1,034
$743
Visits
AVG 71
14
Year Built
AVG 1984
2018
Walkscore
AVG 57
59

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