$1,560,000 706 E Palm Lane Phoenix, AZ

MLS: 5779286   Type: Multi-Family   County: Maricopa   City: Phoenix   Neighborhood: Los Olivos Heights   Zip: 85006     Taxes: $2,017

Mortgage $7,324 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

8

6

0

3,748

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1963

Palm Lane Apartments sits in an extremely popular historic district of houses built around the turn of the century. This property was built at different times from 1925 to 1963, and the vintage charm it exhibits fits right into the neighborhood. Theproperty has been updated over time, yet still maintains the mid-century charm that is becoming more and more popular. A buyer could add value through additional property upgrades as well as rent increases. This quaint property is very attractive totenants who are looking for a small, neighborhood type setting with tons ofcharacter. Properties like this, in neighborhoods such as this, do not come on the market often. DISCLOSURE - Seller is in the process of doing a lot split. The vacant land to the west,along with the storage containers,

Elementary School

Middle School

High School

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Price History

6/12/2018 Listed $1,560,000

1 Bedroom Units: Avg Rent 839.00
2 Bedroom Units: Avg Rent 1023.00
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 Other (See Remarks)
Listing Status Active
Net Income 84499.00
New Financing Conventional, Seller May Carry, Other (See Remarks), 1031 Exchange
Owner Pays Water, Other (See Remarks)
Property Type F
Public Remarks Palm Lane Apartments sits in an extremely popular historic district of houses built around the turn of the century. This property was built at different times from 1925 to 1963
School District 001 - Phoenix Elementary District
Subdivision LOS OLIVOS HEIGHTS
Tenant Pays Electric, Other (See Remarks)
Type ER
Year Built 1963
Zoning R-4

Interior Features

1 Bedroom Units: # 1 Bedroom Units 4
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 492
2 Bedroom Units: # 2 Bedroom Units 2
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 890
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 Other (See Remarks)
Cooling Other (See Remarks)
Electric Other (See Remarks)
Floors Other (See Remarks)
Gas Other (See Remarks)
Heating Other (See Remarks)
Interior Features Other (See Remarks)
Total Number of Units 12.00

Exterior Features

Complex Features Other (See Remarks)
Const - Finish Other (See Remarks)
Covered Parking Spcs 0.00
Exterior Features Other (See Remarks)
Lot Size Dimensions 111 x 150
Parking Other (See Remarks)
Roof Other (See Remarks)
Sewer Sewer - Public
Total Parking Spcs 0.00
Water Master Meter, City Franchise

Property Schools



Direct Link:

http://www.phx.exprealty.com/property/22-5779286-706-E-Palm-Lane-Phoenix-AZ-85006

Gallery (13 photos)

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Property vs Zip Code Avg (85006)

Price 1.56M Avg 475K

Sqr Feet 3,748 Avg 2,004

Cost / Sqr Ft $416 Avg $237

Taxes $2,017 Avg $1,549

Visits 93 Avg 105

Days on Site 12 Avg 88

Walkscore® 60 Avg 60

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Listing Provided Courtesy Of: ABI Multifamily




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Location & Address

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