1803 N 31st Place, Phoenix, AZ 85008

$1,060,000
Sold Price
$1,060,000
List Price
$1,250,000
Closing Date
Mar 20, 2019
Days on Market
104
Status
CLOSED
MLS#
5855203
City
Phoenix
Year Built
1958

Property Description

Lee & Associates is pleased to present the opportunity to acquire Spanish Place Apartments which possesses 14, single story apartment units. Two of the models units have been recently renovated and leased. The remaining 12 units which are unrenovated, with most in a ''shell'' condition offer an investor the opportunity to immediately rehab these units. This property has tremendous value-add potential primarily through capital infusion for interior unit remodel. The owner also owns the adjacent buildable lot to the north which can be purchased independent of the 14 existing units. Tours by appointment only. Please do not disturb tenants.

Additional Information

School District
Phoenix Union High School District
Community Features
Other, See Remarks, No Pool
Construction
Painted, Block
Cooling
2 or More Units, Wall/Window Unit(s)
Electric
Other (See Remarks)
Flooring
Concrete
Heating
Other, See Remarks
New Financing
Conventional
Parking Features
Paved Parking
Roofing
Composition
Sewer
Public Sewer
Taxes
$3,774
Tax Year
2018
Tenant Pays
Electricity
Units
14
Water
Other, See Remarks
Zoning
R-3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Lee & Associates. Selling Office: Lee & Associates.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.