1504 E INDIANOLA Avenue, Phoenix, AZ 85014

New Listing

$2,075,000

Property Type: Multiple Dwellings Status: Active

Current Price: $2,075,000 List Date: 2/03/2025 Last Modified: 2/03/2025

Description

Centrally located in Midtown Phoenix, the Indianola Townhomes (the property) is a 7 unit townhome community consisting of 2bed/1.5bath units. These units are professionally renovated with stainless steel appliances, shaker cabinets, and wood plank flooring. This income producing asset is a fantastic opportunity

More Information MLS# 6811902

Contract Info

Current Price: $2,075,000 List Price: $2,075,000 Status: Active List Date: 2025-01-28 Ownership: Fee Simple

Location Tax Legal

House Number: 1504 Compass: E Street Name: INDIANOLA St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85014 Zip4: 5175 Country: USA County Code: Maricopa Subdivision: DUNDEE Assessor Number: 118-01-071 Tax Year: 2024

General Property Description

Lot Size Dimensions: 122' x 124' Year Built: 1981 Uncvrd Parking Spcs: 7 Total # of Units: 7 # of Buildings: 1 Zoning: R-3 Elementary School District: Osborn Elementary District High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 16th Street/Indian School Directions: South on 16th Street, West on Indianola to property on corner of 15th Street and Indianola. Geo Lat: 33.49223 Geo Lon: -112.049532

Status Change Info

Status Change Date: 2025-02-03

Legal Info

Township: 2N Range: 3E Section: 28 Lot Number: 1

Income Expenses

Gross Annual Sch Inc: 147000 Net Operating Income: 123426

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 7 Avg Rent: 1740 Avg SqFt: 968 # Baths: 15

Property Features

Project Type: 5 - 12 Units Construction: Block; Frame - Wood Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Vinyl; Wood Sale Includes: Land & Building Community Amenities: No Pool Exterior Amenities: Desert Landscaping; Patio/Balcony Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Breakfast Bar Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual Cooling: Ceiling Fan(s); Electric; Individual Water: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking: Carport; Street Parking; <1 Space Per Unit Owner Pays: Water; Trash Collection Tenant Pays: Electric Source of Fincl Data: Projected Proforma Showing Notification Methods: Text Lockbox Type: None New Financing: Cash; Conventional Environmental: None

Listing Office: Orion Investment Real Estate

Last Updated: February - 03 - 2025

1504 E INDIANOLA Avenue, Phoenix, AZ 85014 (MLS# 6811902)