Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$4,250,000
Last Modified:
1/03/2025
Search
1850 N 51ST Street, Phoenix, AZ 85008
$4,250,000
Description
Beautiful Townhome complex constructed in 2023! Fantastic location in lower Arcadia, close to restaurants, freeways, Old town scottsdale, Hiking trails and all the Arcadia hot spots! This is a great growing area with lot's of upside. Very low maintenance well constructed complex and grounds. Open floorplans with gourmet kitchens, quartz countertops ,SS appliances and wood tile in all traffic areas. Huge primary bedrooms and baths with large closets! All units have balconies and small backyard area and either a 1 or 2 car garage plus there is extra parking! Tenants pay Electric directly to SRP and are charged for Water , Sewer & Trash. 10 units total.. 5 units are 1776 Sq ft and 5 units are 1552 Sq Ft. These units are easily rented. Owner expenses are low and there is no HOA.
More Information MLS# 6722864
Contract Info
Current Price: $4,250,000
List Price: $4,250,000
Status: Active
List Date: 2024-06-21
Ownership: Fee Simple
Location Tax Legal
House Number: 1850
Compass: N
Street Name: 51ST
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 7707
Country: USA
County Code: Maricopa
Assessor Number: 126-20-050-C
Tax Year: 2024
General Property Description
Lot Size Dimensions: 232.48 X 116.50
Year Built: 2023
Uncvrd Parking Spcs: 7
Total # of Units: 10
# of Buildings: 6
Zoning: R3
Flood Zone: No
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Elementary School: Griffith Elementary School
Jr. High School: Pat Tillman Middle School
High School: Camelback High School
Remarks Misc
Cross Street: 51st Street & McDowell Road
Directions: From 44th Street & McDowell Road, head east on McDowell Road to 51st Street. Go north on 51st Street to property,
Geo Lat: 33.46909
Geo Lon: -111.972426
Status Change Info
Status Change Date: 2024-12-27
Legal Info
Township: 2N
Range: 4E
Section: 32
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 310200
Net Operating Income: 253654
Showing Notification Methods
Showing Service: Aligned Showings
3 Bedrooms Units
# 3 Bedroom Units: 10
Avg Rent: 2655
Avg SqFt: 1664
# Baths: 25
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco; Brick Trim/Veneer
Roofing: Foam
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: Barbecue
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Cable TV Available; Patio/Balcony
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Fire Sprinklers; Breakfast Bar
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup; Other (See Remarks)
Cooling: Electric; Central A/C
Water: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking: Garage; Attached; Auto Door Opener
Owner Pays: Water; Landscaping
Tenant Pays: Water; Sewer; Electric
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: See Private Remarks; None
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; 1031 Exchange
Environmental: Phase I Available
Listing Office: Realty ONE Group
Last Updated: January - 03 - 2025
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