x
Price Reduction
Address
1803 N 31St Place Phoenix, AZ
Price
$ 1,250,000
Property Attributes
  • MLS#5855203
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Zip85008
  • Style
  • Year Built1958
  • Taxes3774
  • Price$ 1,250,000
  • Bedrooms22
  • Full Bathrooms14
  • Half Bathrooms0
Listing Provided Courtesy Of:
Lee & Associates
Property Description

Lee & Associates is pleased to present the opportunity to acquire Spanish Place Apartments which possesses 14, single story apartment units. Two of the models units have been recently renovated and leased. The remaining 12 units which are unrenovated, with most in a ''shell'' condition offer an investor the opportunity to immediately rehab these units. This property has tremendous value-add potential primarily through capital infusion for interior unit remodel. The owner also owns the adjacent buildable lot to the north which can be purchased independent of the 14 existing units.Tours by appointment only. Please do not disturb tenants.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
12/7/2018 Listed $1,595,000
2/5/2019 22% - $1,250,000

General Features

1 Bedroom Units: Avg Rent 818.00
2 Bedroom Units: Avg Rent 925.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Listing Status Active
Map Code/Grid P35
Net Income 103737.00
New Financing Conventional
Owner Pays Other (See Remarks)
Property Type F
Public Remarks Lee & Associates is pleased to present the opportunity to acquire Spanish Place Apartments which possesses 14
School District 014 - Creighton Elementary District
Tenant Pays Electric
Type EA
Year Built 1958
Zoning R-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 6
1 Bedroom Units: # Baths 1
2 Bedroom Units: # 2 Bedroom Units 8
2 Bedroom Units: # Baths 1
Appliances Included Other (See Remarks)
Cooling 2 or More Units, Window/Wall Unit
Electric Other (See Remarks)
Floors Concrete
Gas Other (See Remarks)
Heating Other (See Remarks)
Interior Features Other (See Remarks)
Total Number of Units 14.00

Exterior Features

Sale Includes Land & Building
Complex Features No Pool, Other (See Remarks)
Const - Finish Painted
Covered Parking Spcs 0.00
Exterior Features Desert Landscaping, Other (See Remarks), Partially Fenced
Lot Size Dimensions 58371
Parking Paved Parking
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 22.00
Water Other (See Remarks)

Amenities

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

Property vs Zip Code Average in 85008

Price
AVG $940K
$1.25M
Taxes
AVG $2,382
$3,774
Visits
AVG 57
198
Year Built
AVG 1959
1958
Walkscore
AVG 65
68