Address
2502 N Richland Street Phoenix, AZ
Price
$ 689,000
Property Attributes
  • MLS#6307712
  • TypeBackup
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodFowler Tract Lots 1-96
  • Zip85006
  • Style
  • Year Built1935
  • Taxes$ 1957
  • Price$ 689,000
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1787
Listing Provided Courtesy Of:
RE/MAX Excalibur
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

Value add investment opportunity! 100% occupied SFR plus 2 separate 1BR/1BA apartments. Current owner has notincreased 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.

Elementary School Middle School High School
Emerson Elementary School Emerson Elementary School North High School
Price History
10/15/2021 Listed $689,000

General Features

1 Bedroom Units: Avg Rent 800.00
2 Bedroom Units: Avg Rent 1600.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Central A/C
Electric APS, Individual Meter
Elementary School Emerson Elementary School
Features No Pool
Gas Y/N Individual Meter, SW Gas
Heating Wall Furnace
High School North High School
Map Code/Grid P34
Middle School Emerson Elementary School
Net Income 30843.00
New Financing 1031 Exchange, Conventional
Owner Pays Water
Parking 1 Space/Unit, Carport, Street Parking
Property Type F
Public Remarks Value add investment opportunity! 100% occupied SFR plus 2 separate 1BR/1BA apartments. Current owner has notincreased rents for nearly a decade. Actual NOI of $31K with legitimate $38K proforma based
Roof Comp Shingle
School District 001 - Phoenix Elementary District
Sewer Sewer - Public
Status Active
Subdivision FOWLER TRACT LOTS 1-96
Tenant Pays Cable TV, Electric, Gas, Trash
Water City Franchise, Master Meter
Year Built 1935
Zoning [R-3] Multiple

Interior Features

1 Bedroom Units: # 1 Bedroom Units 2
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 468
2 Bedroom Units: # 2 Bedroom Units 1
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 851
Appliances Included F/S Oven/Range, Refrigerator, Washer/Dryer
Floors Wood
Total Number of Units 3.00

Exterior Features

Sale Includes Land & Building, Laundry Equipment
Const - Finish Painted, Stucco
Covered Parking Spcs 2.00
Lot Size Dimensions 135x50
Total Parking Spcs 4.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Backup Average in 85006

Price
AVG $680K
$690K
Taxes
AVG $1,818
$1,957
Visits
AVG 28
21
Year Built
AVG 1952
1935

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