4145 N Longview Avenue, Phoenix, AZ 85014

$2,070,000
List Price
$2,070,000
Days on Market
70
Status
ACTIVE
MLS#
5896402
City
Phoenix
Subdivision
Longview
Year Built
1987

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

Additional Information

Elementary School
Osborn Middle School
High School
Phoenix Union Cyber High School
Middle School
Osborn Middle School
School District
210 - Phoenix Union High School District
Construction
Block, Frame - Wood
Cooling
Heat Pump
Electric
Individual Meter, SRP
Exterior Amenities
Landscape Wtr System, Desert Landscaping, Partially Fenced, Cable TV Available, Patio/Balcony, Security Light(s)
Finish
Painted, Stucco
Floors
Carpet, Ceramic Tile, Vinyl/Composition
Gas
None
Guest House Sq Ft
25
Heating
Electric
Interior Amenities
Unfurnished, Vertical Blinds, Fire/Smoke Alarm(s), Mini Blinds, Breakfast Bar
New Financing
Conventional, 1031 Exchange, CTL
Parking
Paved Parking, >1 Space Per Unit, Assigned
Project Type
13 - 24 Units
Roofing
Foam
Sewer
Sewer - Public
Pool
Yes
Subdivision
Longview
Taxes
$7,960
Tenant Pays
Electric, Cable TV
Units
18
Water
City Franchise, Individual Meter
Zoning
R-4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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

Listing courtesy of Grace CRE.

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.