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Address
4815 S 7Th Street Phoenix, AZ
Price
$ 569,000
Property Attributes
  • MLS#5969989
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodRoosevelt Square
  • Zip85040
  • Style
  • Year Built1959
  • Taxes1843
  • Price$ 569,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage840
Listing Provided Courtesy Of:
S.J. Fowler Real Estate, Inc.
Property Description

This is a charming and longstanding Mobile home community! This is a 12 space Mobile home park with an additional brick home. Making a total of 13 rentals. As it sits right now it is a real 8.5 CAP. Space number 7 is vacant with utilities on site ready for another Mobile home and tenant, which would effectively raise the income by 450-500/month conservatively.Right now there are 11 spaces rented with tenant owned homes. 5 at 450, 5 at 400 and 1 at 250/month plus the brick home which has a very long term tenant at 550 which is low! The Brick home has been remodeled, new cabinetry, paint, plumbing, and eves. Owners are installing mailboxes for each unit also. All tenants are paying on time! To our knowledge the Majority of tenants have been in these spaces and homes for 5-15+ years!

Price History
8/26/2019 Listed $599,000
9/3/2019 6% - $569,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 550.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Features No Pool
Map Code/Grid R34
Net Income 48661.85
New Financing Conventional, Other (See Remarks), No Carry
Owner Pays Water, Sewer, Trash, Landscaping
Property Type F
School District 066 - Roosevelt Elementary District
Status Active
Subdivision ROOSEVELT SQUARE
Tenant Pays Electric
Year Built 1959
Zoning [M-H]

Interior Features

2 Bedroom Units: # 2 Bedroom Units 1
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 840
Appliances Included Other (See Remarks)
Cooling None
Electric City Electric
Floors Other (See Remarks)
Gas None
Heating None
Interior Features Other (See Remarks)
Total Number of Units 12.00

Exterior Features

Sale Includes Land & Building
Const - Finish Other (See Remarks)
Covered Parking Spcs 0.00
Exterior Features Landscape Wtr System, Security Light(s)
Lot Size Dimensions 0.532 acres / 23, 184 sqft
Parking <1 Space Per Unit
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 15.00
Water City Franchise

Amenities

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

Property vs Zip Code Average in 85040

Price
AVG $380K
$570K
Taxes
AVG $924
$1,843
Visits
AVG 87
211
Year Built
AVG 1977
1959

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