335 E PURDUE Avenue , Phoenix AZ 85020 US

This 4-plex has 2 buildings. Each building has 2 - 2 bedroom, 1 bath apartments. All utilities are separated for individual billing. At this time each tenant pays approximately $562.65/mo and also pays their own trash, water, electric and cable/satellite. There is room for additional buildings ...

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Realty Executives Executive Service Center
645 E Missouri Avenue Suite 210
Phoenix, AZ, US 85012-1369
602-957-0444

Active

335 E PURDUE Avenue
Phoenix AZ 85020 US

#5721974

Courtesy of: Charles L Melde, HomeSmart

$300,000

335 E PURDUE Avenue This 4-plex has 2 buildings. Each building has 2 - 2 bedroom, 1 bath apartments. All utilities are separated for individual billing. At this time each tenant pays approximately $562.65/mo and also pays their own trash, water, electric and cable/satellite. There is room for additional buildings for expansion if desired. Property produces approx $2250/mo. After expenses NOI is $24,094$ which creates a cap rate of 8. All brick construction. Newer roof 2010. Each unit has its own 3.5ton heat pump for cooling and heating, replaced in 2010. Plumbing updated to copper and ABS.

  • Facts
  • Built in: 1963
  • Property Type: MultiFamily
  • Property Sub-type: Quadruplex
  • Features
  • Cooling System: Heat Pumps
  • Floor Covering: Vinyl
  • Parking Type: Paved or Surfaced
  • Roof Type: Composition Shingle
  • Additional Features
  • Security System
  • School
  • Washington Elementary School - Phoenix(Elementary)
  • Sunnyslope High School(High)
  • Royal Palm Middle School(JuniorHigh)
Listing Changed: 2/20/2018 4:41:10 PM GMT
MLS Updated: 2/24/2018 6:06:26 AM GMT

Courtesy of: Charles L Melde, HomeSmart

Listing Source - ListHub

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