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4329 N Longview Avenue,  Phoenix, AZ 85014

$600,000
|
|
MLS# 5508857
Status: Active
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12/10/2016 5:37 PM
Property Description
$50,000/unit with a Central Phoenix location in the path of redevelopment. Value-add opportunity with very strong cash flow potential. 7.22 CAP now, 9 CAP realistic pro forma. 10%+ Cash-on-Cash from yr 1. Owner has completed cosmetic upgrades to 10 of the 12 units in 2016. Almost all new window a/c's and duct work for the coolers. Per the owner, there are 10 One Bedroom units w/ average rent of $450 and 2 Two Bedroom units w/ average rent of $625. Rents are below market. Owner has held the property since 1996 and self-managed. Property consists of four separate structures on just over a 1/2 lot. Property sold ''as-is.'' Buyer to complete and rely on own due diligence, including all financials. No interior showings without an accepted offer. Please do not disturb the tenants. OM attached.
Listing Information for 4329 N Longview Avenue Phoenix, AZ 85014
Property Type: Multi-Family, Other
1956 Stucco, Wood Frame
City
Public Sewer
12 Total
School Information for 4329 N Longview Avenue Phoenix, AZ 85014
School District: 038 - Madison Elementary District
Room Information for 4329 N Longview Avenue Phoenix, AZ 85014
Interior Features for 4329 N Longview Avenue Phoenix, AZ 85014
Range-Oven, Refrigerator
Ceramic Tile, Vinyl, Carpet, Wood
Evaporative, Window/Wall Unit
Wall Unit
8
Smoke Alarm, Unfurnished
Exterior / Lot Features for 4329 N Longview Avenue Phoenix, AZ 85014
Stucco
.56 acres
Security Lighting, Landscaped, Landscaped, Asphalt
Community Features for 4329 N Longview Avenue Phoenix, AZ 85014
Driving Directions to 4329 N Longview Avenue Phoenix, AZ 85014
Just east of 12th Street between Camelback and Indian School Roads.
Financial Considerations for 4329 N Longview Avenue Phoenix, AZ 85014
33.00
$2,733
2016
1031 Exchange,No Carry,Conventional
Listing Price History for MLS#: 5508857

Phoenix AZ Real Estate and Phoenix AZ Homes for Sale

Phoenix is located in the state of Arizona. The zip code of 85014 has a population of 1,462,368. The median age of people living in Phoenix, AZ 85014, is 32.2 years.

Click on the tabs below to see more details for the 85014 zip code in Phoenix, Arizona.

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Courtesy: RE/MAX Platinum Living
Information deemed reliable but not guaranteed. Copyright 2016 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
The ARMLS logo indicates a property listed by a real estate brokerage other than this broker.
Information is deemed reliable but is not guaranteed.

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