Seller Financing
Address
706 E Palm Lane Phoenix, AZ
Price
$ 1,560,000
Property Attributes
  • MLS#5779286
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodLos Olivos Heights
  • Zip85006
  • Style
  • Year Built1963
  • Taxes2017
  • Price$ 1,560,000
  • Bedrooms8
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage3748
Listing Provided Courtesy Of:
ABI Multifamily
Property Description

Palm Lane Apartments sits in an extremely popular historic district of houses built around the turn of the century. This property was built at different times from 1925 to 1963, and the vintage charm it exhibits fits right into the neighborhood. Theproperty has been updated over time, yet still maintains the mid-century charm that is becoming more and more popular. A buyer could add value through additional property upgrades as well as rent increases. This quaint property is very attractive totenants who are looking for a small, neighborhood type setting with tons ofcharacter. Properties like this, in neighborhoods such as this, do not come on the market often. DISCLOSURE - Seller is in the process of doing a lot split. The vacant land to the west,along with the storage containers,

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
6/12/2018 Listed $1,560,000

General Features

1 Bedroom Units: Avg Rent 839.00
2 Bedroom Units: Avg Rent 1023.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Other (See Remarks)
Listing Status Active
Net Income 84499.00
New Financing Conventional, Seller May Carry, Other (See Remarks), 1031 Exchange
Owner Pays Water, Other (See Remarks)
Property Type F
Public Remarks Palm Lane Apartments sits in an extremely popular historic district of houses built around the turn of the century. This property was built at different times from 1925 to 1963
School District 001 - Phoenix Elementary District
Subdivision LOS OLIVOS HEIGHTS
Tenant Pays Electric, Other (See Remarks)
Type ER
Year Built 1963
Zoning R-4

Interior Features

1 Bedroom Units: # 1 Bedroom Units 4
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 492
2 Bedroom Units: # 2 Bedroom Units 2
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 890
Appliances Included Other (See Remarks)
Cooling Other (See Remarks)
Electric Other (See Remarks)
Floors Other (See Remarks)
Gas Other (See Remarks)
Heating Other (See Remarks)
Interior Features Other (See Remarks)
Total Number of Units 12.00

Exterior Features

Sale Includes Other (See Remarks)
Complex Features Other (See Remarks)
Const - Finish Other (See Remarks)
Covered Parking Spcs 0.00
Exterior Features Other (See Remarks)
Lot Size Dimensions 111 x 150
Parking Other (See Remarks)
Roof Other (See Remarks)
Sewer Sewer - Public
Total Parking Spcs 0.00
Water Master Meter, 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 85006

Price
AVG $500K
$1.56M
Taxes
AVG $1,567
$2,017
Visits
AVG 108
40
Year Built
AVG 1959
1963
Walkscore
AVG 61
60

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