Phoenix, AZ 85034,1310 E MADISON Street
Phoenix, AZ 85034,1310 E MADISON Street
Phoenix, AZ 85034,1310 E MADISON Street
Phoenix, AZ 85034,1310 E MADISON Street
Phoenix, AZ 85034,1310 E MADISON Street
Phoenix, AZ 85034,1310 E MADISON Street
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$570,000

$575,000

0.9%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 08/24/2020

Key Details

Sold Price $570,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Collins Addition Phoenix Blocks 23-26 17 & 27

MLS Listing ID 6085057

Sold Date 08/24/20

Maintenance Fees $1,000

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1985

Annual Tax Amount $2,075

Tax Year 2019

Lot Dimensions 7002

Property Description

This turn-key Fourplex is fully stabilized and generates over $47k in yearly gross revenue! High quality tenants have been placed by professional management and are all paying rent. It is located a couple blocks from Downtown Phoenix and only steps away from the Washington/Jefferson light rail stations. It was gutted and fully renovated in 2016 including new roof, four new full size A/Cs, new electric panel/wiring, new HW heaters, as well as all new windows, flooring, kitchens, baths, paint, trim, and much more. Each kitchen features full size stainless steel appliances incl. built in range, microwave, dishwasher, & disposal. Each unit also has built in washer/dryer combos. Tenants love the abundance of off street parking, along with dusk/dawn security lighting and full perimeter fencing. First time investors and out of state buyers would be the perfect fit for this stable Phoenix multifamily property. Two units are currently month-to-month, so it would also work well for an owner occupant using FHA or VA financing. A savvy owner may also convert one or more of the units to short term Airbnb rentals to capitalize on the proximity to downtown Phoenix and all it has to offer (Suns, Diamondbacks, light rail, museums, and the convention center).

Location

State AZ

County Maricopa

Community Collins Addition Phoenix Blocks 23-26 17 & 27

Zoning R-5

Direction South on 14th street from either Washington or Jefferson streets. Right on Madison, Property is on the North side.

Interior

Heating Individual, Heat Pump

Cooling Individual, Electric

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

Exterior

Garage Assigned

Community Features No Pool

Waterfront No

Roof Type Composition

Parking Type Assigned

Total Parking Spaces 8

Building

Sewer Sewer-In & Connected, Public Sewer

Water City Franchise

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 116-47-058

Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Conventional, 1031 Exchange, FHA, VA Loan

Financing Conventional

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Arizona Regional MLS (ARMLS)
Listed by HomeSmart
Bought with Venture REI, LLC
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7316 E 6th Ave, Scottsdale, AZ, 85251

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