818 N 39TH Avenue

    Phoenix, AZ 85009
    • $1,495,000
    • STATUS: Active
    • ON SITE: 83 days
    • MLS #: 5718048
    UPDATED: 125 min ago
    $1,495,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Description

    See document tab for financials. Roosevelt Cottages is an 11-unit single story boutique community located just west of Downtown Phoenix. The property went through a major renovation in 2017 with over $350K of capital improvements that upgraded the interior and exterior of the property as well as enhanced the community grounds. Unit upgrades included all new drywall, electric and electric panels, plumbing, roofs, HVAC's, water heaters, granite countertops, new cabinets, appliances, sinks, faucets, showers, toilets, dual pane windows, doors, and lighting fixtures.Exterior improvements include an attractive smooth stucco on each of the buildings, low maintenance desert rock landscaping throughout and what was previously an asphalt driveway throughout the community, the owner upgraded and replaced with attractive modern pavers. The community has a great unit mix of 3 one bedrooms, 5 two bedrooms, and 3 three bedrooms. One bedrooms rent for $800, two bedrooms rent for $900, and the three bedrooms rent roll $1,000. All 11 units are detached buildings with dual entries to large back patios and each of the units have individual carports that the residents enjoy. The community is situated on 1.11 acres providing a low density feel that is more single family in nature compared to the conventional-attached higher density apartments. The property is 100% occupied with a waiting list due not only to the single family nature of the community but also the property is directly across the street from Alta E. Butler Elementary. This STEAM(Science, Technology, Engineering, Art, Math) Magnet School provides students, grades K-6th access to cutting edge technology. The community is located in close proximity to a large employment base just one block to the west, which is the Southwest Valley Industrial Submarket. This submarket houses some of the largest industrial employers in Metro Phoenix. Major industrial employers include Amazon, Fed Ex, UPS, Ford, Kroger, Home Depot, HD Supply, Target, GNC, Frito Lay, Nestle, Kraft, and Knight Transportation. Furthermore, the booming Downtown Phoenix is just a 10 minute drive from the community which boasts the highest concentration of employment in the state with approximately 120,000 employees and more than 20 million square feet of office space. More than $4 billion has been newly invested in office space, retail, restaurants, educational facilities, convention space, and hotel rooms in the downtown area, with prominent employers including the City of Phoenix, Maricopa County, the State of Arizona, Wells Fargo, Bank of America, Ernst & Young, United Healthcare, Cigna Healthcare. Roosevelt Cottages offers an investor a recently renovated, low density detached single story community ideally located across from an elementary school and in close proximity to major employers.  11 Detached Single Story Units  Great Unit Mix of 1, 2, and 3 Bedrooms  Repositioned and Renovated in 2017  New Drywall, Electric, Plumbing, Roofs, HVAC's  Granite Countertops, New Cabinets, New Appliances  New Sinks, Faucets, Showers, Toilets  Dual Pane Windows, New Doors, Lighting Fixtures  Smooth Stucco Exterior & Modern Paver Driveway  Dual Entry with Back Patios, Pull-In Carports  Directly Across from Elementary School  Near Major Industrial Employers " Amazon, Fed Ex, UPS  High Demand Rental Community 100% Occupied w/ a Waiting List

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    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Lux Home Group at Keller Williams Realty Phoenix. Data last updated 2018-04-27T00:14:14.353.
    www.searchallhouses.com/homes/80468060

    818 N 39TH Avenue Phoenix, AZ 85009

    • Price: $1,495,000
    • Status: Active
    • Updated: 125 min ago
    • MLS #: 5718048
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1950
    Built
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    001 - Phoenix Elementary District
    Property Description
    See document tab for financials. Roosevelt Cottages is an 11-unit single story boutique community located just west of Downtown Phoenix. The property went through a major renovation in 2017 with over $350K of capital improvements that upgraded the interior and exterior of the property as well as enhanced the community grounds. Unit upgrades included all new drywall, electric and electric panels, plumbing, roofs, HVAC's, water heaters, granite countertops, new cabinets, appliances, sinks, faucets, showers, toilets, dual pane windows, doors, and lighting fixtures.Exterior improvements include an attractive smooth stucco on each of the buildings, low maintenance desert rock landscaping throughout and what was previously an asphalt driveway throughout the community, the owner upgraded and replaced with attractive modern pavers. The community has a great unit mix of 3 one bedrooms, 5 two bedrooms, and 3 three bedrooms. One bedrooms rent for $800, two bedrooms rent for $900, and the three bedrooms rent roll $1,000. All 11 units are detached buildings with dual entries to large back patios and each of the units have individual carports that the residents enjoy. The community is situated on 1.11 acres providing a low density feel that is more single family in nature compared to the conventional-attached higher density apartments. The property is 100% occupied with a waiting list due not only to the single family nature of the community but also the property is directly across the street from Alta E. Butler Elementary. This STEAM(Science, Technology, Engineering, Art, Math) Magnet School provides students, grades K-6th access to cutting edge technology. The community is located in close proximity to a large employment base just one block to the west, which is the Southwest Valley Industrial Submarket. This submarket houses some of the largest industrial employers in Metro Phoenix. Major industrial employers include Amazon, Fed Ex, UPS, Ford, Kroger, Home Depot, HD Supply, Target, GNC, Frito Lay, Nestle, Kraft, and Knight Transportation. Furthermore, the booming Downtown Phoenix is just a 10 minute drive from the community which boasts the highest concentration of employment in the state with approximately 120,000 employees and more than 20 million square feet of office space. More than $4 billion has been newly invested in office space, retail, restaurants, educational facilities, convention space, and hotel rooms in the downtown area, with prominent employers including the City of Phoenix, Maricopa County, the State of Arizona, Wells Fargo, Bank of America, Ernst & Young, United Healthcare, Cigna Healthcare. Roosevelt Cottages offers an investor a recently renovated, low density detached single story community ideally located across from an elementary school and in close proximity to major employers.  11 Detached Single Story Units  Great Unit Mix of 1, 2, and 3 Bedrooms  Repositioned and Renovated in 2017  New Drywall, Electric, Plumbing, Roofs, HVAC's  Granite Countertops, New Cabinets, New Appliances  New Sinks, Faucets, Showers, Toilets  Dual Pane Windows, New Doors, Lighting Fixtures  Smooth Stucco Exterior & Modern Paver Driveway  Dual Entry with Back Patios, Pull-In Carports  Directly Across from Elementary School  Near Major Industrial Employers " Amazon, Fed Ex, UPS  High Demand Rental Community 100% Occupied w/ a Waiting List
    Exterior Features

    Construction Other (See Remarks) Construction Finish StuccoOther (See Remarks) Covered Parking Spaces 0.00 Exterior Amenities Other (See Remarks) Lot Size Dimensions 14713 Parking Other (See Remarks)Paved ParkingCarportStreet Parking Roads Asphalt/Blacktop Roofing Other (See Remarks) Total Parking Spaces 14.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 600 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 800 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 900 3 Bedroom Unit Baths 3 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Other (See Remarks) Cooling Other (See Remarks) Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other (See Remarks) Heating Electric Interior Amenities UnfurnishedOther (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 800.00 1 Bedroom Units 3 2 Bedroom Unit Avg Rent 900.00 2 Bedroom Units 5 3 Bedroom Unit Avg Rent 1000.00 3 Bedroom Units 3 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Auction No Community Amenities Other (See Remarks) Cross Street N. 39th Avenue And Roosevelt Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsSrp Gas Other (See Remarks) Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 0.00 New Financing ConventionalNo Carry Operating Exp 1684.00 Other Income 0.00 Owner Pays WaterSewerTrashOther (See Remarks) Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Other (See Remarks) Tax Municipality Phoenix Taxes 1684.00 Tenant Pays ElectricCable Tv Vacancy Allowance 0.00 Water City Franchise Zoning M-M

    Listing courtesy of Apartment Realty Advisors Of A.
    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Lux Home Group at Keller Williams Realty Phoenix. Data last updated 2018-04-27T00:14:14.353.
     
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    Tempe AZ, 85282