2503 E Clarendon Avenue, Phoenix, AZ 85016

$1,850,000
List Price
$1,850,000
Days on Market
8
Status
ACTIVE
MLS#
5911493
City
Phoenix
Year Built
1960

Property Description

Prime Opportunity in Biltmore Corridor. Clarendon 12 features 12 units - All 2 Bed / 1 bath 801 Sq Ft. This Two-story 12 unit building has coin-op laundry, bbqs and community pool. Over the past 20 months the owner has done hundreds of thousands of dollars in remodeling and property improvements. Individually metered for electric and gas. Clarendon 12 is in one of the hottest real estate markets in the Valley of the Sun. With tremendous employment, retail, entertainment and dining nearby and its close proximity to freeways and downtown, this is an area that will continue in growth and revitalization. There is still room to raise rents here. Figures stated are actual. Look under docs for a proforma comparison. 2503 to 2549 is available as a package of 24 units for $3.9M MLS# 589193

Additional Information

Elementary School
Larry C Kennedy School
High School
Camelback High School
Middle School
Larry C Kennedy School
School District
210 - Phoenix Union High School District
Construction
Block
Cooling
Electric Refrigeratd, Heat Pump, Individual
Electric
SRP
Exterior Amenities
Partially Fenced
Finish
Painted
Floors
Carpet, Ceramic Tile
Gas
SW Gas
Guest House Sq Ft
15
Heating
Electric, Individual, Heat Pump, Gas
New Financing
1031 Exchange, Other (See Remarks)
Parking
>1 Space Per Unit
Project Type
5 - 12 Units
Roofing
Rolled
Sewer
Sewer - Public
Pool
Yes
Taxes
$5,317
Tenant Pays
Electric, Cable TV, Gas
Units
12
Water
City Franchise
Zoning
R-4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of West USA Realty.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved.