Seller Financing
Address
5225 N 17Th Avenue Phoenix, AZ
Price
$ 1,200,000
Property Attributes
  • MLS#6244051
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodNile Tract Block 2
  • Zip85015
  • Style
  • Year Built1960
  • Taxes$ 2370
  • Price$ 1,200,000
  • Bedrooms8
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage4168
Listing Provided Courtesy Of:
Orion Investment Real Estate
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

An income producing property with the potential to take advantage of a high density development implementing the Walkable Urban Code which could potentially allow up to 24 Units on the parcel. Located in the heart of the Solano District and a part of the REINVENT PHX program invented to create and attract investment development. New Zoning Ordinances adopted by City Council allowing a higher density with the Walkable Urban Code (WU) REINVENTPHX is committed to developing a walkable, opportunity rich community connected to the light rail. The property consists of 4 1-bedrooms, 1 2-Bedroom and a 2 Bedroom House. A total of 3 buildings. The units have recently undergone an extensive quality renovation and upgrade. Individually metered for electricity with ample parking.

Elementary School Middle School High School
Solano School Elementary School Osborn Middle School Central High School
Price History
6/1/2021 Listed $1,200,000

General Features

1 Bedroom Units: Avg Rent 886.00
2 Bedroom Units: Avg Rent 963.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Electric Refrigeratd, Heat Pump, Individual
Electric SRP
Elementary School Solano School
Exterior Features Landscape Wtr System, Partially Fenced, Security Light(s), Separate Storage
Features No Pool
Gas Y/N None
Heating Ceiling Fan(s), Central, Electric, Heat Pump
High School Central High School
Map Code/Grid N34
Middle School Osborn Middle School
Net Income 50358.00
New Financing 1031 Exchange, Conventional, Seller May Carry
Owner Pays Sewer, Trash Collection, Water
Parking >1 Space Per Unit, Add'l Parking Avail, Carport, Paved Parking
Property Type F
Roof Comp Shingle
School District 008 - Osborn Elementary District
Sewer Sewer - Public
Status Active
Subdivision NILE TRACT BLOCK 2
Tenant Pays Electric
Water City Franchise
Year Built 1960
Zoning R3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 4
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 625
2 Bedroom Units: # 2 Bedroom Units 2
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 834
Appliances Included F/S Oven/Range, Refrigerator
Floors Ceramic Tile
Total Number of Units 6.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted, Stucco
Covered Parking Spcs 1.00
Lot Size Dimensions 23902
Total Parking Spcs 13.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85015

Price
AVG $930K
$1.2M
Taxes
AVG $1,958
$2,370
Visits
AVG 26
25
Year Built
AVG 1957
1960

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