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1442 E POLK Street Phoenix, AZ 85006
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Key Details
Sold Price $780,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Germania Place Lots 1, 2, 12, 13
MLS Listing ID 6209663
Sold Date 04/01/21
Year Built 1946
Annual Tax Amount $2,134
Tax Year 2020
Lot Dimensions +/-100' x +/-238'
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Terrific value-add opportunity in the desirable Garfield Historic District. This developing neighborhood near downtown Phoenix provides unique architectural styles and in-town conveniences. The property has six rental units in four individual buildings with an attractive unit mix. Separate electric meters. Landlord pays water. Tremendous upside potential with current rents well below market. One vacant unit being held for tours. (4) 1/1, (1) 2/1 and (1) 2/1.5. This property is primed for an experienced new owner who will maximize it's potential. Near 7% proforma cap!
Location
State AZ
County Maricopa
Community Germania Place Lots 1, 2, 12, 13
Zoning R-4
Direction From 16th Street & Roosevelt. West on Roosevelt to 14th Street. South on 14th Street to Polk. East on Polk to property on north side of street.
Interior
Heating Other, See Remarks
Cooling Central Air
Flooring Ceramic Tile, Concrete
Appliance Other
Exterior
Parking Features Paved, Carport
Community Features No Pool
Roof Type Composition
Total Parking Spaces 15
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 116-18-116
Acceptable Financing Other (See Remarks), No Carry, 1031 Exchange
Listing Terms Other (See Remarks), No Carry, 1031 Exchange
Financing Other
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