x
Price Reduction
Address
2928 W Orangewood Avenue Phoenix, AZ
Price
$ 1,250,000
Property Attributes
  • MLS#5947539
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Zip85051
  • Style
  • Year Built1960
  • Taxes2183
  • Price$ 1,250,000
  • Bedrooms22
  • Full Bathrooms11
  • Half Bathrooms0
  • Sqr Footage6800
Listing Provided Courtesy Of:
REI Marketing
Property Description

Value add project. A new owner can realize significant rent increases and appreciation by upgrading the complex. The property has excellent occupancy stability, and has great tenant base. The property consists of 4 duplexes (8 units) all at 1,100 SF. 7 of the 8 units are 2-bed 1 bath with one unit 3 bed 1 bath. There are also 3 single-family homes on the site. 1 SFH is 2-bed/1 bath and 745 SF. 1 SFH is 2-bed/1 bath and 700 SF. 1 SFH is 1 bed/1 bath and 300 SF. All units are separately metered for electricity.

Price History
7/2/2019 Listed $1,430,000
8/27/2019 13% - $1,250,000

General Features

1 Bedroom Units: Avg Rent 550.00
2 Bedroom Units: Avg Rent 750.00
3 Bedrooms Units: Avg Rent 1000.00
3 Bedrooms Units: Avg Sqft 900
4 Bedrooms Units: Avg Rent 0.00
Construction Block, Frame - Wood
Features No Pool
Listing Status Active
Map Code/Grid N33
Net Income 0.00
New Financing Conventional
Owner Pays Water, Sewer
Property Type F
Public Remarks Value add project. A new owner can realize significant rent increases and appreciation by upgrading the complex. The property has excellent occupancy stability
School District 001 - Phoenix Elementary District
Tenant Pays Electric
Year Built 1960
Zoning R1-6

Interior Features

1 Bedroom Units: # 1 Bedroom Units 1
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 500
2 Bedroom Units: # 2 Bedroom Units 9
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 600
3 Bedrooms Units: # 3 Bedroom Units 1
3 Bedrooms Units: # Baths 1
Appliances Included BI Oven/Range, Refrigerator
Cooling Electric Refrigeratd
Electric SRP
Floors Ceramic Tile
Gas None
Heating Electric
Interior Features Fire/Smoke Alarm(s)
Total Number of Units 11.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 0.00
Lot Size Dimensions 109x602
Parking <1 Space Per Unit
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 15.00
Water City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85051

Price
AVG $660K
$1.25M
Taxes
AVG $1,460
$2,183
Visits
AVG 222
190
Year Built
AVG 1962
1960

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