1846 WASHINGTON Street $960,000

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    1846 WASHINGTON Street Phoenix, AZ 85034

    Closed
    SOLD 3/8/2020

    $960,000

    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 5987818
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    Views: 27

    Property Details

    1846 is a boutique-style apartment community originally built in 1940, renovated in 2016 and extensively remodeled in 2019. The community offers a mix of studio, one- and two-bedroom rental units. The units provide the resident the comfort of individual AC and microwaves as well as other unit attributes. The 2019 renovation included two new main water heaters, new roofs on both buildings, exterior paint and stucco siding, electrical panels, three units completely rewired and rebuilt, 6 new AC units, new sewer main, new walkways and exterior awnings.At list price, 1846 produces a cap rate of 7.58% with room for future rent growth to the new investor.

    • General Features
      • Assessor Book # 115.00
      • Assessor Map # 3.00
      • Assessor Number 115-03-074
      • Assessor Parcel # 74.00
      • Community Amenities No Pool
      • County Maricopa
      • Covered Parking Spcs 0.00
      • Cross Street 19
      • Gas Other (See Remarks)
      • List Date 2019-10-04
      • Marketing Name 1846
      • New Financing Other (See Remarks)
      • Off Market Date 2020-03-09
      • Parking 1 Space/Unit, Other (See Remarks), Street Parking
      • Project Type 5 - 12 Units
      • Roofing Error: ClassID in tblMLSFieldPropertyType is null.
      • Subdivision COLLINS PHOENIX BLKS 23-26, 17, 27
      • Tax Municipality Phoenix
      • Tax Year 2019
      • Taxes $1,078
      • Total Units 12.00
      • Type EA
      • Uncvrd Parking Spcs 12.00
      • Year Built 1940
      • Zoning C-3
    • Building Features
      • Construction Block
      • Appliances Included BI Oven/Range, Refrigerator, Microwave
      • Floors Other (See Remarks)
      • Cooling Window/Wall Unit
      • Heating Electric
      • Interior Amenities Unfurnished, Other (See Remarks)
    • Room Features
      • # 1 Bedroom Units 3
      • 1 Bedroom Units: Avg Rent 853.00
      • 1 Bedroom Units: Avg SqFt 400
      • 1 Bedroom Units: # Baths 1
      • # 2 Bedroom Units 1
      • 2 Bedroom Units: # Baths 1
      • 2 Bedroom Units: Avg Rent 1049.00
      • 2 Bedroom Units: Avg SqFt 550
      • # 3 Bedroom Units 0
      • 3 Bedroom Units: Avg SqFt 0
      • 3 Bedrooms Units: # Baths 0
      • 3 Bedrooms Units: Avg Rent 0.00
      • # 4 Bedroom Units 0
      • 4 Bedrooms Units: # Baths 0
      • 4 Bedrooms Units: Avg Rent 0.00
      • 4 Bedroom Units: Avg SqFt 0
    • Property Features
      • Efficiency Units: # Efficiency Units 8
      • Efficiency Units: # Baths 1
      • Efficiency Units: Avg SqFt 275
      • Efficiency Units: Avg Rent 764.00
      • Legal Info: Township 10
      • Tenant Pays Other (See Remarks)
      • Ownership Fee Simple
      • Income & Expenses: Totl Mnth Rntal Inc 0.00
      • Income & Expenses: Net Operating Income 79323.00
      • Income & Expenses: Gross Annual Sch Inc 115474.00
      • Income & Expenses: Adjusted Gross Inc 115548.50
      • Legal Info: Range 3E
      • Legal Info: Lot Number 24
      • Total Parking Space 12.00
      • Number of Buildings 1
      • Electric APS
      • Exterior Amenities Cable TV Available
      • Lot Size Dimensions 49 FT X 157.5 Ft
      • Sewer Sewer - Public
      • Water City Franchise
    • Schools
      • School District 210

    Neighborhood

    85034 (Phoenix) Demographics

    28 Median Age
    378 Population Density (per sq. mile)
    23% College Educated
    $24,046 Estimated Median Income
    333 Estimated Total Home Owners
    1,167 Estimated Total Renters
    22% / 78% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    4,322 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $331,000 Median Sales Price
    4 Homes Sold
    4 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        3/8/2020 12:00:00 AM Sold Source New Value: $960,000
        1/8/2020 4:09:11 PM Status Changed Source New Value: UCB (Under Contract-Backups)
        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 4/7/2020 6:42:01 AM. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.