1521 E OAK (W) Street, Phoenix, AZ 85006

$739,000

Property Type: Multiple Dwellings Status: Pending

Current Price: $739,000 Last Modified: 2/02/2025

Description

Fully remodeled triplex in the sought-after Coronado Historic District of Midtown Phoenix. Close to Phoenix Children's Hospital & Phoenix Country Club. Tastefully upgraded recently with high-quality finishes. The units include SS appliances with dishwashers & stacked washer/dryer packages. Coveted unit mix of all 2 bedroom units (800 sf +/-) with separate electric. Rents are $1500-$1600/unit. Highly-stabilized with strong leases in place. Professionally managed. Just a 1/2 block to a new construction $1.1 mil house for sale. Offered individually or buy as a combination. Also available on the same block is 1501; 1505; 1509; 1521 (E); & 1527 E. Oak. All triplexes have similar finishes/upgrades. CAP rates range from 5.99 to 6.28.

More Information MLS# 6733907

Contract Info

Current Price: $739,000 List Price: $739,000 Status: Pending List Date: 2024-07-16 Ownership: Fee Simple

Location Tax Legal

House Number: 1521 Compass: E Street Name: OAK (W) St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85006 Zip4: 1744 Country: USA County Code: Maricopa Subdivision: RANCHITOS BONITAS LOTS 1-4 Assessor Number: 117-18-102 Tax Year: 2023

General Property Description

Lot Size Dimensions: 6788 Year Built: 1957 Uncvrd Parking Spcs: 4 Total # of Units: 3 # of Buildings: 1 Zoning: R-4 Flood Zone: No Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 16th & Thomas Directions: Just south of Thomas and west of 16th Street. Geo Lat: 33.472738 Geo Lon: -112.048798

Status Change Info

Status Change Date: 2025-01-31 Off Market Date: 2025-01-31 Under Contract Date: 2024-10-25

Legal Info

Township: 2N Range: 3E Section: 33 Lot Number: 1

Income Expenses

Gross Annual Sch Inc: 55800 Net Operating Income: 45486

Showing Notification Methods

Showing Service: Non-MLS Showing Service - See Private Remarks

2 Bedroom Units

# 2 Bedroom Units: 3 Avg Rent: 1550 Avg SqFt: 800 # Baths: 1

Property Features

Project Type: Tri-Plex; Other (See Remarks) Other Type: Packaged Offering; Other (See Remarks) Construction: Block Const - Finish: Painted Roofing: Comp Shingle Floors: Vinyl; Other Sale Includes: Land & Building; Laundry Equipment; Other (See Remarks) Community Amenities: No Pool; Other; See Remarks Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping; Pet Restrictions; Security Light(s); Other (See Remarks) Interior Amenities: Fire/Smoke Alarm(s); Mini Blinds; Other (See Remarks) Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; Other (See Remarks) Heating: Individual Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual Water: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: Other (See Remarks) Parking: Street Parking; >1 Space Per Unit; Add'l Parking Avail; Free; Paved Parking; Other (See Remarks) Owner Pays: Water; Trash Collection; Landscaping; Other; See Remarks Tenant Pays: Electric; Cable TV; Other (See Remarks) Source of Fincl Data: Provided by Owner; Projected Proforma; Other (See Remarks) Showing Notification Methods: Email Lockbox Type: Mech-box / Combo; See Private Remarks Existing 1st Loan: Other (See Rmks) Existing 1st Ln Type: Adjustable/Graduated Existing 1st Ln Trms: Assume - No Qualify Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: February - 02 - 2025

1521 E OAK (W) Street, Phoenix, AZ 85006 (MLS# 6733907)