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725 W MCKINLEY Street Phoenix, AZ 85007
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Key Details
Sold Price $625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision University Addition
MLS Listing ID 6075172
Sold Date 06/15/20
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1996
Annual Tax Amount $609
Tax Year 2019
Lot Dimensions 272 x 45
Property Description
Single family home style apartments with PRIVATE FRONT AND BACK YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $4730, $56,760 yearly. 9% Gross cap, 100% occupied. Tenant paid utilities on RUBS!! Just remodeled. New HVAC, new electrical panels, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Awesome unit mix of 1, 2bed x1 bath, 3, 1 bed x 1 bath, 2, This area is hot and transitioning in the Art District of Roosevelt. Hurry will not last with this strong of cashflow. Could add solar and reduce bills even more. Pet fees are quite low as well. P.S. the tenants love having there own private yards. Happy tenant mix.
Location
State AZ
County Maricopa
Community University Addition
Zoning r5
Direction exit 101, south on 7th ave, west on Mckinley, On your left hand side.
Interior
Heating Electric
Cooling Electric, Ceiling Fan(s)
Flooring Ceramic Tile
Appliance F/S Oven/Range, Microwave
Exterior
Garage >1 Space Per Unit
Community Features No Pool
Waterfront No
Roof Type Composition
Parking Type >1 Space Per Unit
Total Parking Spaces 8
Building
Sewer Public Sewer
Water Master Meter
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 111-29-113
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Financing Conventional
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Bought with West USA Realty
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