2514 W Augusta Avenue, Phoenix, AZ 85051

$1,500,000
List Price
$1,500,000
Days on Market
69
Status
ACTIVE
MLS#
6469975
City
Phoenix
Subdivision
Vista Income Estates Unit 4
Year Built
1985

Property Description

SELLER WILL CARRY 6% interest, 50% down. All Brand NEW Acs! 7th unit is Brand new with permits! Roof is in excellent shape. With recent inspection report while off market giving major components of property a clean bill of health. Property has long term tenants 5 of which are MTM and pay on time every month. There is room to raise rents to market rates in several units. Properties income is nearly a 5 CAP on Actual income, with Proforma being closer to 6. Bring us a offer, Seller would like to close after the first of the year.

Additional Information

School District
Glendale Union High School District
Construction
Frame - Wood
Cooling
Ceiling Fan(s), Central A/C, Electric
Electric
APS
Finish
Painted, Stucco
Floors
Carpet, Ceramic Tile, Vinyl
Gas
None
Guest House SqFt
12
Heating
Heat Pump
New Financing
1031 Exchange, Affordable Housing, Conventional, No Carry
Parking
>1 Space Per Unit, Free, Paved Parking
Project Type
5 - 12 Units
Roofing
Comp Shingle
Sewer
Sewer - Public
Subdivision
Vista Income Estates Unit 4
Taxes
$5,191
Tenant Pays
Cable TV, Electric, Trash
Units
7
Water
City Franchise
Zoning
R3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Better Homes & Gardens Real Estate SJ Fowler.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.