Address
3237 W MELVIN Street, Phoenix, AZ
Price
$ 565,000
Property Attributes
  • MLS#6695101
  • TypePending
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodTERRA DEL SOL
  • Zip85009
  • StyleMultiple Dwellings
  • Year Built1984
  • Taxes$ 1511
  • Price$ 565,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Well maintained 4-plex offers a great opportunity for FHA buyers or long-term investors. The unit mix features (4) two bed / one bath units. On-Site parking is available to tenants. Each unit is individually sub-metered for water. 3 tenants are month to month with ability to bring rents to Market. Conveniently, located in West Phoenix near I-10 and I-17 Freeways.

Price History
4/22/2024 Listed $595,000
5/1/2024 3% - $579,000
5/6/2024 3% - $565,000

General Features

Sewer Public Sewer
Heating None
Cooling Electric,Wall/Window Unit(s),Ceiling Fan(s)
Roof Composition
Zoning R-5
Construction Materials Stucco,Frame - Wood
Year Built 1984
Electric APS,SRP
Tenant Pays Electricity
Township 1N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 44458.0
OwnerPays Other,See Remarks,Trash Collection,Water,Sewer
Community Features No Pool
County Maricopa
Net Operating Income 38032.0
Operating Expense 6712.0
Insurance Expense 2223.0
Property Type Multiple Dwellings
Attached Garage No
MaintenanceExpense 0.0
Subdivision Name TERRA DEL SOL
Garage Y/N No
Status Pending
City Phoenix
Buyer Agent Compensation 2.00
Disclosures None
View Y/N No
High School District Phoenix Union High School District
Open Parking Spaces 8.0
Total Units 4
Lot Size Square Feet 0.0
Carport Y/N No
Street Name MELVIN
Tax Annual Amount 1511.0
Electric Expense 0.0
Current Financing Not Applicable
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 2978.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 25
Standard Status Pending
Elementary School District Isaac Elementary District
Tax Lot 19
Cap Rate 6.73
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community No
New Financing True

Interior Features

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

Exterior Features

Parking Features
Water Source City Franchise,Submetered System
Total Parking 8.0
Lot Size Area 0.0
Number of Buildings 2
Spa No
Lot Dimensions 6725
Lot Size Acres 0.0
Road Surface Type Asphalt
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 Pending Average in 85009

Price
AVG $260K
$570K
Taxes
AVG $874
$1,511
Visits
AVG 94
115
Data Provided by Inside Real Estate®
Year Built
AVG 1956
1984

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