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2505 N RICHLAND Street Phoenix, AZ 85006
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Key Details
Sold Price $515,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Fowler Tract Lots 1-96
MLS Listing ID 6375001
Sold Date 04/28/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1950
Annual Tax Amount $1,829
Tax Year 2021
Lot Dimensions 6,750
Property Description
**Coronado Neighborhood Duplex** This 1950 duplex is a great opportunity for an investor looking for a repositioning opportunity, fix-up or an owner to live in one unit and rent the other. Each unit is a 2 bed/1 bath with a total of 1316 sq ft combined. Long term tenants of almost 14 years who are paying below market rent. So much potential here!! This one is a perfect buy-hold until leases are up in Oct 2022 and reposition/renovate at market rents. Large backyard offers the space to create private rear yards with alley access parking. Units have been maintained nicely but property overall needs reno to yield maximum income potential. Wonderful high demand Coronado Central Phoenix location! **DO NOT DISTURB TENANTS**
Location
State AZ
County Maricopa
Community Fowler Tract Lots 1-96
Zoning R-3
Direction South on 7th St. from Thomas; East on Sheridan; North on Richland.
Interior
Flooring Ceramic Tile
Appliance None
Exterior
Garage Street Parking
Community Features No Pool
Waterfront No
Roof Type Composition
Parking Type Street Parking
Total Parking Spaces 2
Building
Sewer Public Sewer
Water Individual Meter
Schools
Elementary Schools Emerson Elementary School
Middle Schools Phoenix Prep Academy
High Schools North High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 117-30-052
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Long Realty Uptown
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