x
Price Reduction
Address
1812 N 31St Place Phoenix, AZ
Price
$ 599,000
Property Attributes
  • MLS#5988481
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Zip85008
  • Style
  • Year Built1972
  • Taxes1645
  • Price$ 599,000
  • Bedrooms10
  • Full Bathrooms4
  • Half Bathrooms0
Listing Provided Courtesy Of:
Platinum Living Realty
Property Description

Desirable unit mix featuring a majority two and three-bedroom floorplans. Unit interiors are lightly renovated and community space leaves an opportunity to enhancevisual appeal, security systems and laundry facilities for the next investor. Located 1.3 miles from loop 202 Expressway allowing for convenient transit to the downtown and midtown phoenix employment corridors. Only slightly further to Highway 51, allowing quick access to the Biltmore and North Phoenix. Room for significant operational improvement.Without significant capital expense, the property isanticipated to stabilize at a 7.24% cap rate basedon the pro forma when compared to the offeringprice.

Elementary School Middle School High School
Creighton Elementary School Creighton Elementary School Camelback High School
Price History
10/7/2019 Listed $610,000
10/29/2019 2% - $599,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 965.00
3 Bedrooms Units: Avg Rent 1100.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Elementary School Creighton Elementary School
Features No Pool
High School Camelback High School
Map Code/Grid P35
Middle School Creighton Elementary School
Net Income 47073.00
New Financing Conventional
Owner Pays Other (See Remarks)
Property Type F
Public Remarks Desirable unit mix featuring a majority two and three-bedroom floorplans. Unit interiors are lightly renovated and community space leaves an opportunity to enhancevisual appeal
School District 014 - Creighton Elementary District
Status Active
Tenant Pays Other (See Remarks)
Year Built 1972
Zoning M-M

Interior Features

2 Bedroom Units: # 2 Bedroom Units 2
2 Bedroom Units: # Baths 1
3 Bedrooms Units: # 3 Bedroom Units 2
3 Bedrooms Units: # Baths 1
Appliances Included Other (See Remarks)
Cooling Individual
Electric SRP
Floors Carpet, Ceramic Tile
Gas SW Gas
Heating Individual
Interior Features Unfurnished
Total Number of Units 6.00

Exterior Features

Sale Includes Land & Building, Other (See Remarks)
Const - Finish Painted
Covered Parking Spcs 0.00
Lot Size Dimensions 73 x 166
Parking Carport
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 12.00
Water Individual Meter, Other (See Remarks)

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 85008

Price
AVG $390K
$600K
Taxes
AVG $1,132
$1,645
Visits
AVG 57
156
Year Built
AVG 1966
1972

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