$1,799,000 5747 S 34th (portfolio) Place Phoenix, AZ

ID: 6361417   Type: Multi-Family   County: Maricopa   City: Phoenix   Neighborhood: Berry Homes   Zip: 85040     Taxes: $909

Mortgage $8,446 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

14

28

0

5,385

0

1958

7 unit, 3 property portfolio. Newly renovated units with individual washer/dryers. The first property is 453 W University Dr, Mesa AZ; Fully renovated and rented duplex grossing $3,000/mo,. The second property is 5747 S 34th Pl, Phoenix AZ; Triplex with a 3 bed 1.5 bath main house and duplex in the back. 3 bed unit rented for $1,800/mo with an anticipated $3,100/mo rent from the back duplex once leased out (we are leaving vacant for showings). The third property is 2458 E Wood St, Phoenix AZ; this is a vacant duplex that needs minimal work on a large lot in an opportunity zone. Per City of Phx, owner can build at least 5 additional units up to 2 stories on the property. Opportunity zones provide incredible tax incentives, so this is an awesome opportunity!

Elementary School

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High School

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Price History

2/28/2022 Listed $2,534,200
3/3/2022 16% - $2,148,000
3/14/2022 3% - $2,098,000
3/23/2022 5% - $1,997,000
4/7/2022 8% - $1,850,000
4/29/2022 3% - $1,799,000

1 Bedroom Units: Avg Rent 1400.00
2 Bedroom Units: Avg Rent 1460.00
3 Bedrooms Units: Avg Rent 1800.00
3 Bedrooms Units: Avg Sqft 945
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
City Phoenix
Construction Block, Frame - Wood
Cooling Central A/C
County Maricopa
Directions 7 Unit Portfolio 3 Separate Properties
Electric APS, City Electric, Individual Meter
Exterior Features Desert Landscaping, Separate Storage
Features No Pool
Gas Y/N City Gas, Individual Meter, SW Gas
Geo Lat 33.39461
Geo Lon -112.007117
Heating Heat Pump, Natural Gas
Interior Features Fire/Smoke Alarm(s)
Map Code/Grid R35
Net Income 103159.00
New Financing 1031 Exchange, Conventional, Trade
Owner Pays None
Parking 1 Space/Unit, Assigned, Carport, Free, Street Parking
Property Type F
Public Remarks 7 unit, 3 property portfolio. Newly renovated units with individual washer/dryers. The first property is 453 W University Dr, Mesa AZ; Fully renovated and rented duplex grossing $3, 000/mo
Roof Comp Shingle
School District 001 - Phoenix Elementary District
Sewer Sewer - Public
Special Owner/Agent
Status Active
Street Name 34TH (PORTFOLIO)
Subdivision BERRY HOMES
Tax Municipality Phoenix
Taxes 909.00
Tenant Pays Cable TV, Electric, Gas, Landscaping, Sewer, Trash, Water
Water City Franchise, Individual Meter
Year Built 1958
Zoning R-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 1
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 700
2 Bedroom Units: # 2 Bedroom Units 5
2 Bedroom Units: # Baths 5
2 Bedroom Units: Avg Sqft 748
3 Bedrooms Units: # 3 Bedroom Units 1
3 Bedrooms Units: # Baths 2
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included BI Oven/Range, Disposal, Microwave, Refrigerator, Washer/Dryer
Floors Vinyl
Street Suffix Place
Total Number of Units 7.00

Exterior Features

Const - Finish Painted, Stucco
Covered Parking Spcs 5.00
Lot Size Dimensions TBD
Total Parking Spcs 10.00

Property Schools



Direct Link:

https://www.smartconceptrealty.com/property/22-6361417-5747-S-34th-Portfolio-Place-Phoenix-AZ-85040

Gallery (37 photos)

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Property vs Zip Code Avg (85040)

Price 1.79M Avg 821K

Sqr Feet 5,385 Avg 2,356

Cost / Sqr Ft $334 Avg $349

Taxes $909 Avg $848

Visits 65 Avg 37

Days on Site 81 Avg 76

Walkscore® 16 Avg 39

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Keller Williams Realty Phoenix




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Location & Address

Smart Concept Realty Group with Keller Williams Realty Phoenix
3920 S. Rural Road, Suite 110
Tempe, AZ
480-725-3393
480-237-5680