2534 N 52nd Street, Phoenix, AZ 85008

$749,000
List Price
$749,000
Days on Market
5
Status
ACTIVE
MLS#
6111072
City
Phoenix
Lot Size
4
Subdivision
Orangedale Tract 11,13,14,15
Year Built
1948

Property Description

Arcadia Light income property within 10 minutes of Fashion Square, Old Town Scottsdale, ASU, Downtown Phoenix, and 5 minutes to Arcadia and the Biltmore. A single family residence and adjacent duplex on a 16000+ sq ft lot. This property has been fully renovated and all units are currently rented at a gross rental income of $4475.00 per month. In the owner's 16 year span of ownership, this property has achieved a 98% occupancy rate. All rents are current with tenants paying all utilities and owner paying for sewer/water/trash. Leases for long term tenants in the house and one duplex unit have been allowed to convert to month to month. The second duplex unit is leased through September 30, 2020. The house is an original 1948 classic Phoenix home with coved ceilings and arched doorway that were exquisitely remodeled under permit in 2017, adding square footage and blending with high ceilings, modern kitchen lighting and appliances, all new energy efficient windows, extensive cabinetry, stone, and tile works. 3 Large Bedrooms, two with walk-in closets, 2 full bathrooms with updated tile and soaking tub. Master bedroom has a separate entrance to a private backyard. Original wood burning fireplace, new electrical panels, new plumbing and wiring infrastructure throughout, dual AC system, and a 2 car garage with extensive built in storage and work bench. The 1964 Duplex - 1 bed, 1 bath mirror image 750 sq ft units. Mid century modern style units with exposed brick and beamed ceilings. Tile throughout, no carpet. French doors to private fenced back yards with mature landscaping, and covered patio. A new roof was installed within the last 5 years. Fully fenced private yards with significant separation from the house combined with attached covered carport and storage to unit is a market differentiator that commands above market rents. There is nothing like them! This well developed and maintained property offers a multitude of options for either owner occupancy or turn key fully leased investment, or a combination of both.

Additional Information

Elementary School
Orangedale Junior High Prep Academy
High School
Other
Middle School
Orangedale Junior High Prep Academy
School District
031 - Balsz Elementary District
Construction
Block, Slump Block
Cooling
Electric Refrigeratd
Electric
SRP
Exterior Amenities
Cable TV Available, Desert Landscaping, Fenced, Patio/Balcony
Finish
Painted
Floors
Ceramic Tile
Gas
None
Guest House Sq Ft
4
Heating
Electric
Lot Size
4
New Financing
Conventional, FHA, VA
Parking
Carport, Garage
Project Type
Tri-Plex
Roofing
Foam
Sewer
Sewer - Public
Pool
Yes
Subdivision
Orangedale Tract 11,13,14,15
Taxes
$1,619
Tenant Pays
Electric
Units
3
Water
City Franchise
Zoning
R3

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Sterling Fine Properties.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.