x
Price Reduction
Address
2503 E Clarendon Avenue Phoenix, AZ
Price
$ 1,800,000
Property Attributes
  • MLS#5911493
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Zip85016
  • Style
  • Year Built1960
  • Taxes5317
  • Price$ 1,800,000
  • Bedrooms24
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage9612
Listing Provided Courtesy Of:
West USA Realty
Property Description

100% Occupancy. Prime Opportunity in Biltmore Corridor. Clarendon 12 features 12 units - All 2 Bed / 1 bath 801 Sq Ft. This Two-story 12 unit building has coin-op laundry, bbqs and community pool. Over the past 20 months, owner has done hundreds of thousands of dollars in remodeling and improvements. Individually metered for electric and gas. Clarendon 12 is in one of the hottest real estate markets in the Valley of the Sun. With tremendous employment, retail, entertainment and dining nearby and its close proximity to freeways and downtown, this is an area that will continue in growth and revitalization. There is still room to raise rents here. Figures stated are actual. Look under docs for a proforma comparison. 2503 to 2549 is available as a package of 24 units for $3.8M MLS# 5891936

Elementary School Middle School High School
Larry C Kennedy School Elementary School Larry C Kennedy School Middle School Camelback High School
Price History
4/15/2019 Listed $1,850,000
7/2/2019 3% - $1,800,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 868.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Elementary School Larry C Kennedy School
Features Pool(s), Manager Res/Office, Barbecue Area(s)
High School Camelback High School
Listing Status Active
Map Code/Grid P35
Middle School Larry C Kennedy School
Net Income 91851.00
New Financing 1031 Exchange, Other (See Remarks)
Owner Pays Water, Sewer, Trash, Landscaping, Pool/Spa Maintenance
Property Type F
School District 014 - Creighton Elementary District
Tenant Pays Electric, Gas, Cable TV
Type ER
Year Built 1960
Zoning R-4

Interior Features

2 Bedroom Units: # 2 Bedroom Units 12
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 801
Appliances Included F/S Oven/Range, Refrigerator, Microwave
Cooling Electric Refrigeratd, Individual, Heat Pump
Electric SRP
Floors Carpet, Ceramic Tile
Gas SW Gas
Heating Electric, Gas, Heat Pump, Individual
Total Number of Units 12.00

Exterior Features

Public Remarks 100% Occupancy. Prime Opportunity in Biltmore Corridor. Clarendon 12 features 12 units - All 2 Bed / 1 bath 801 Sq Ft. This Two-story 12 unit building has coin-op laundry
Sale Includes Land & Building, Personal Property, Pool Equipment, Laundry Equipment
Const - Finish Painted
Covered Parking Spcs 0.00
Exterior Features Partially Fenced
Lot Size Dimensions 104x216
Parking >1 Space Per Unit
Roof Rolled
Sewer Sewer - Public
Total Parking Spcs 15.00
Water City Franchise

Amenities

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

Property vs Zip Code Average in 85016

Price
AVG $1.61M
$1.8M
Taxes
AVG $4,674
$5,317
Visits
AVG 136
80
Year Built
AVG 1953
1960

Looking for more comfortable experience?

Check out our mobile application and browse the properties as no other.