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2502 N RICHLAND Street Phoenix, AZ 85006
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Key Details
Sold Price $640,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Fowler Tract Lots 1-96
MLS Listing ID 6307712
Sold Date 12/27/21
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1935
Annual Tax Amount $1,957
Tax Year 2021
Lot Dimensions 135x50
Property Description
Value add investment opportunity! 100% occupied SFR plus 2 separate 1BR/1BA apartments. Current owner has not
increased rents for nearly a decade. Actual NOI of $31K with legitimate $38K proforma based on current comparable market rents (that's if anything was available for rent). Super well located in desirable Coronado Historic District on large corner lot with dual street access to separate parking for SFR vs Apartments. Rare City of Phoenix [R-3] Multiple Family Residence Zoning.
''Craftsman'' style home built in 1935 with many updates retains the original period quality and charm.
Tenant Rights -call listing agent for more information.
Location
State AZ
County Maricopa
Community Fowler Tract Lots 1-96
Zoning [R-3] Multiple
Direction Thomas to 12th Street south to Sheridan then west to Richland Street
Interior
Heating Floor Furnace, Wall Furnace
Cooling Central A/C
Flooring Wood
Appliance FS OvenRange, Refrigerator, WasherDryer
Exterior
Garage Common
Community Features No Pool
Waterfront No
Roof Type Composition
Parking Type Common
Total Parking Spaces 4
Building
Sewer Public Sewer
Water City Franchise, Master Meter
Schools
Elementary Schools Emerson Elementary School
Middle Schools Emerson Elementary School
High Schools North High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 117-30-039
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Cash
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Bought with SRL Group
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