4145 N Longview Avenue

    Phoenix, AZ 85014
    • $2,070,000
    • STATUS: Active
    • ON SITE: 68 days
    • MLS #: 5896402
    UPDATED: 50 min ago
    $2,070,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:
    Area:

    School Information

    Elementary School:
    Middle School:

    Description

    Longview Park Place Apartments is an exceptional unit mix and Midtown Phoenix location. This apartments have very low maintenance with minimal landscape and upkeep. Newer 1980's construction and a few minutes from 51 freeway. Brand new construction of new condo's being built on the same street. Unit mix is 10 (2) bedroom (2) bathrooms and 8 (2) one bath. All ground units have private yards. Washer and dryer hook ups.Current rents are way below market rent at avg of 742 a unit. Current NOI on 104k 5.01 cap. Proforma rents should be at 1,000 to 1050 for a new NOI at $161,600 cap 7.8% cap. Rent value add. The parking lot is in process of getting a repaired with black top and paint. Drive by only tenants are unaware of the sale. All facts and figures are approximate buyer verify informati

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    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than CC & Co. Real Estate Team | Keller Williams Realty Phoenix. Data last updated 2019-05-22T21:10:47.783.
    www.joyofcominghome.com/homes/92716705

    4145 N Longview Avenue Phoenix, AZ 85014

    • Price: $2,070,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 5896402
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1987
    Built
    Neighborhood:
    Longview
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Osborn Middle School
    Middle School:
    Osborn Middle School
    High School:
    Phoenix Union Cyber High School
    School District:
    008 - Osborn Elementary District
    Property Description
    Longview Park Place Apartments is an exceptional unit mix and Midtown Phoenix location. This apartments have very low maintenance with minimal landscape and upkeep. Newer 1980's construction and a few minutes from 51 freeway. Brand new construction of new condo's being built on the same street. Unit mix is 10 (2) bedroom (2) bathrooms and 8 (2) one bath. All ground units have private yards. Washer and dryer hook ups.Current rents are way below market rent at avg of 742 a unit. Current NOI on 104k 5.01 cap. Proforma rents should be at 1,000 to 1050 for a new NOI at $161,600 cap 7.8% cap. Rent value add. The parking lot is in process of getting a repaired with black top and paint. Drive by only tenants are unaware of the sale. All facts and figures are approximate buyer verify informati
    Exterior Features

    Construction BlockFrame - Wood Construction Finish PaintedStucco Covered Parking Spaces 0.00 Exterior Amenities Landscape Wtr SystemDesert LandscapingPartially FencedCable Tv AvailablePatio/BalconySecurity Light(S) Lot Size Dimensions 0.59 Parking Paved Parking>1 Space Per UnitAssigned Roads Asphalt/Blacktop Roofing Foam Total Parking Spaces 25.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 7175 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorDishwasherMicrowaveWasher/Dryer Cooling Heat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileVinyl/Composition Heating Electric Interior Amenities UnfurnishedVertical BlindsFire/Smoke Alarm(S)Mini BlindsBreakfast Bar

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1030.55 2 Bedroom Units 18 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 211850.00 Annual Elec Exp 732.00 Annual Gas Exp 0.00 Annual Ins Exp 4596.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 9600.00 Annual Mgmt Exp 10596.00 Annual Other Expense 7960.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 5000.00 Annual Trash Exp 1500.00 Annual Wtr Swr Exp 11052.00 Community Amenities No Pool Cross Street Indian School Rd & 12Th Street Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas None Gross Annual Sch Inc 223000.00 Hoa YN No Net Operating Income 161616.00 New Financing Conventional1031 ExchangeCtl Operating Exp 58996.00 Other Income 0.00 Owner Pays WaterSewerTrashLandscaping Project Type 13 - 24 Units Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Projected ProformaOther (See Remarks) Tax Municipality Phoenix Taxes 7960.00 Tenant Pays ElectricCable Tv Totl Mnth Rntal Inc 18500.00 UCB No Vacancy Allowance 0.05 Water City FranchiseIndividual Meter Zoning R-4

    Listing courtesy of Centrixusa.


    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than CC & Co. Real Estate Team | Keller Williams Realty Phoenix. Data last updated 2019-05-22T21:10:47.783.
     
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    Tempe AZ, 85282