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    2442 E Monroe Street

    Phoenix, AZ 85034
    • $629,000
    • STATUS: Active
    • ON SITE: 35 Days
    • MLS #: 6296941
    UPDATED: 97 min ago
    $629,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:
    Area:

    School Ratings & Info

    Description

    GREAT CAP RATE , ALL UNITS RENTED!! Long term renters in place. Tri-plex and a duplex on one lot. Fantastic location walking distance to the light rail, close to the airport and downtown Phoenix. Rents are under market value for the area. 4 out 5 units are on monthly leases positioned for new investor increases. Each unit has gone through updates throughout the years including new paint, refinished cabinets and ceramic tile and laminate flooring, new counters with tile backsplash and tiled showers. This property is individually metered for electric. Duplex has newer a/c units and windows! Lots of investor development in this booming area! Put in an offer today!

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than West USA Realty. Data last updated 2021-10-28T00:11:45.98.
    www.househelpersaz.com/homes/121671812
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    2442 E Monroe Street Phoenix, AZ 85034

    • Price: $629,000
    • Status: Active
    • Updated: 97 min ago
    • MLS #: 6296941
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1940
    Built
    Neighborhood:
    Hialeah
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    007 - Wilson Elementary District
    Property Description
    GREAT CAP RATE , ALL UNITS RENTED!! Long term renters in place. Tri-plex and a duplex on one lot. Fantastic location walking distance to the light rail, close to the airport and downtown Phoenix. Rents are under market value for the area. 4 out 5 units are on monthly leases positioned for new investor increases. Each unit has gone through updates throughout the years including new paint, refinished cabinets and ceramic tile and laminate flooring, new counters with tile backsplash and tiled showers. This property is individually metered for electric. Duplex has newer a/c units and windows! Lots of investor development in this booming area! Put in an offer today!
    Exterior Features

    Construction BlockBrickFrame - Wood Construction Finish PaintedSiding Covered Parking Spaces 0.00 Exterior Amenities Fenced Lot Size Dimensions 7754 Parking 1 Space/Unit Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 438 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 821 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigerator Cooling Central A/C Efficiency Unit Avg Sq Ft 437 Efficiency Unit Baths 1 Floors Ceramic TileVinyl Heating Electric Interior Amenities Fire/Smoke Alarm(S)Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 819.00 1 Bedroom Units 3 2 Bedroom Unit Avg Rent 1017.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 49956.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1601.52 Annual Land Lse Exp 0.00 Annual Landscape Exp 100.00 Annual Legal And Acctg 0.00 Annual Maint Exp 200.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 3017.72 Community Amenities No Pool Cross Street 24th St & Van Buren Efficiency Unit Avg Rent 690.00 Efficiency Units 1 Electric ApsIndividual Meter Gas None Gross Annual Sch Inc 49956.00 Hoa YN No Net Operating Income 42986.76 New Financing ConventionalFhaNo CarryVa Operating Exp 6969.24 Other Income 0.00 Owner Pays Water Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 2050.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 4163.00 Vacancy Allowance 0.00 Water City Franchise Zoning R4

    Listing courtesy of Open House Realty.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than West USA Realty. Data last updated 2021-10-28T00:11:45.98.
     
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    West USA Realty
    2340 E. Beardsley Rd. #110
    Phoenix AZ, 85024