Address
2425 W TURNEY Avenue, Phoenix, AZ
Price
$ 1,950,000
Property Attributes
  • MLS#6695322
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodFRUITLAND ACRES
  • Zip85015
  • StyleMultiple Dwellings
  • Year Built1949
  • Taxes$ 2533
  • Price$ 1,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Seller Carry Opportunity; as little as 4% interest rate depending on terms, call for more information! Casitas on Turney is comprised of (1) studio and (9) 2-bed / 1-bath units. The property has ample parking and privately fenced front and/or backyards. In the mid 2000's 5 of the units that were completely rebuilt from the ground up. Most recently 2 units were completely remodeled from the studs, leaving only (3) units in more original condition. There's a value-add opportunity both now and in the future by completing the renovations and the installation of an on-site or in-suite laundry facility. Down the line there is additional value to be added through redeveloping the site with the current R-3 zoning allowing for additional units.

Price History
4/23/2024 Listed $1,950,000

General Features

Sewer Public Sewer
Heating Individual,Central,Heat Pump,Window/Wall Unit(s),Electric
Cooling Central A/C,Individual,Electric,Wall/Window Unit(s),Ceiling Fan(s)
Roof See Remarks,Composition
Zoning R3
Construction Materials See Remarks,Painted,Stucco,Frame - Wood
Year Built 1949
Electric APS,SRP
Tenant Pays Electricity,Cable TV
Township 2N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 158517.0
OwnerPays Trash Collection,Water,Sewer
Community Features See Remarks
County Maricopa
Net Operating Income 114119.0
Operating Expense 2533.0
Property Type Multiple Dwellings
Attached Garage No
Subdivision Name FRUITLAND ACRES
Garage Y/N No
Status Active
City Phoenix
Buyer Agent Compensation 2.00
Disclosures Other (See Remarks)
View Y/N No
High School District Phoenix Union High School District
Open Parking Spaces 26.0
NumberOfUnitsTotal 10
Lot Size Square Feet 0.0
Carport Y/N No
Street Name TURNEY
Tax Annual Amount 2533.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 44
Standard Status Active
Elementary School District Alhambra Elementary District
Tax Lot 6
Cap Rate 5.85
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community No

Interior Features

Flooring Other,Ceramic Tile,Vinyl
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Avenue
Electric On Property Y/N No

Exterior Features

Parking Features Other (See Remarks),Paved Parking,>1 Space Per Unit
Water Source City Franchise
Total Parking 26.0
Lot Size Area 0.0
Number of Buildings 10
Spa No
Lot Dimensions 163ft x 300ft
Lot Size Acres 0.0
Road Surface Type Asphalt,Concrete
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85015

Price
AVG $4.29M
$1.95M
Taxes
AVG $11,227
$2,533
Visits
AVG 458
281
Data Provided by Inside Real Estate®
Year Built
AVG 1973
1949

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