Phoenix, AZ 85007,1538 W MCKINLEY Street
Phoenix, AZ 85007,1538 W MCKINLEY Street
Phoenix, AZ 85007,1538 W MCKINLEY Street
50
$565,000
$599,900
5.8%
Est.Price: ?

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1538 W MCKINLEY Street Phoenix, AZ 85007

Est. payment /mo
SOLD DATE : 05/30/2023

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Key Details

Sold Price $565,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Homestead Place

MLS Listing ID 6512079

Sold Date 05/30/23

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1931

Annual Tax Amount $543

Tax Year 2022

Lot Dimensions 52' X 121'

Property Description

Brand new remodeled Triplex with great rents. Townhome like apartments with PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $4,512, $54,144 yearly. 8.9% Gross Cap Rate, Tenant paid utilities on RUBS!! New HVAC in the 2 of the 3 units, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. 2 covered parking spots in back. Unit mix of 1, 2 bed x1 bath, 2, 1 bed x 1 bath. 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 or *build more units in the back with the R-5 high density multi-family zoning.*

Location

State AZ

County Maricopa

Community Homestead Place

Zoning R5

Direction East on Roosevelt, South on 15th ave, East on Mckinley St.

Interior

Heating Electric

Cooling Electric, Ceiling Fan(s)

Appliance Dishwasher, Disposal, FS OvenRange, Refrigerator, Microwave, WasherDryer

Exterior

Parking Features Common

Community Features No Pool

Roof Type Composition

Total Parking Spaces 5

Building

Sewer Public Sewer

Water Master Meter

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 111-25-032-A

Acceptable Financing No Carry, Conventional, 1031 Exchange

Listing Terms No Carry, Conventional, 1031 Exchange

Financing Conventional

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Arizona Regional MLS (ARMLS)
Listed by Gentry Real Estate
Bought with Realty Executives

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John Vietze

Agent | SASA029007000

+1(480) 825-1313

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