$985,000 210 E Illini Street Phoenix, AZ

MLS: 5768911   Type: Multi-Family   County: Maricopa   City: Phoenix   Neighborhood: Jobe Tract   Zip: 85040     Taxes: $2,497

Mortgage $4,624 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

32

16

0

8,800

0

1946

PROVEN UPSIDE POTENTIAL! Exciting opportunity to own 16 two-bedroom apartments in 12 detached buildings on over an acre of land. Located approximately one mile from downtown Phoenix. Sellers have renovated 7 units and raised rents from $600 to $850 per month! 14 of the units are occupied while 2 have been vacated for future renovation. Strong demand in the area and tremendous rental upside has been proven. Ample parking with 32 stalls at the center of the project and 4 at the front. Most units individually metered for electricity. Priced to sell at under $62K per unit! If you've been looking for a property with upside, this is it! PLEASE DO NOT DISTURB TENANTS - CONTACT LISTING AGENT FOR SHOWING.

Elementary School

Middle School

High School

Cesar Chavez High School
Distance: 5.01 Miles
Percy L Julian School
Distance: N/A Miles
South Mountain
Distance: 1.21 Miles

Price History

5/20/2018 Listed $985,000

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 850.00
3 Bedrooms Units: Avg Rent 0.00
3 Bedrooms Units: Avg Sqft 0
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
Construction Frame - Wood
Elementary School Cesar Chavez High School
High School South Mountain High School
Listing Status Active
Middle School Percy L Julian School
Net Income 78823.00
New Financing Conventional, No Carry, CTL
Owner Pays Water, Landscaping, Trash, Gas, Sewer
Property Type F
Public Remarks
School District 066 - Roosevelt Elementary District
Special Accept Backups (CLO)
Subdivision JOBE TRACT
Tenant Pays Electric
Type EA
Year Built 1946
Zoning R34

Interior Features

1 Bedroom Units: # 1 Bedroom Units 0
1 Bedroom Units: # Baths 0
1 Bedroom Units: Avg Sqft 0
2 Bedroom Units: # 2 Bedroom Units 16
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 550
3 Bedrooms Units: # 3 Bedroom Units 0
3 Bedrooms Units: # Baths 0
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included BI Oven/Range, Refrigerator, F/S Oven/Range
Cooling Central A/C, Electric Refrigeratd
Electric SRP
Floors Vinyl/Composition
Gas Master Meter, SW Gas
Heating Gas
Interior Features Unfurnished, Fire/Smoke Alarm(s), Vertical Blinds
Total Number of Units 16.00

Exterior Features

Complex Features No Pool
Const - Finish Stucco
Covered Parking Spcs 0.00
Exterior Features Security Light(s)
Lot Size Dimensions 49223
Parking >1 Space Per Unit
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 32.00
Water Master Meter, City Franchise

Property Schools



Direct Link:

http://www.phx.exprealty.com/property/22-5768911-210-E-Illini-Street-Phoenix-AZ-85040

Gallery (19 photos)

Ask Your Agent a Question

Property vs Zip Code Avg (85040)

Price 985K Avg 751K

Sqr Feet 8,800 Avg 3,750

Cost / Sqr Ft $112 Avg $200

Taxes $2,497 Avg $2,067

Visits 88 Avg 83

Days on Site 36 Avg 35

Walkscore® 43 Avg 40

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Listing Provided Courtesy Of: ESM Properties LLC




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Location & Address

eXp Realty Arizona
16165 N. 83rd Ave. #200
Peoria, AZ
480-405-0946
0