7625 N 10th St - Residential Income FOR SALE


Phoenix, AZ 85020
$1,050,000 USD
602-989-2220
7625 N 10th St, Phoenix, AZ for Sale
$1,050,000 USD
Residential Income - FOR SALE
1/7
null | 4.45% Cap Rate

7625 N 10th St
Phoenix, AZ 85020


HIGHLIGHTS

  • Extremely desireable north east phoenix area

OVERVIEW

Seller says sell! Huge upside value super price ! This property was appraised in 11-2016 for $1,040,000.00 Recently valued the 2 homes @ $1.3 mil. Property needs some remodel "as is." Recent improvements include new roof, painting inside and out. The large house out front is listed on the Phoenix Historical Property Registry as the Colonel Conway House. This 4,536 sq. ft. 4 Bdrm x 4 Bath, two story home sits on a 41,675 sq.. ft. parcel. (Extra Parking?) There is a completely remodeled 1170 sq ft 3+2 house in the NE corner of the property. The owners invested $175,000 to rehab this home inside and out. This property is in an extremely desirable North Central / North East area. Pride of Ownership. There are 2 homes, the primary house has a large cellar plus two fireplaces, pool, three car garage with additional carport parking + 20 to 30 cars/ RV's. This property is in extremely desirable North Central area. NEIGHBORHOOD PROPERTIES ARE ABOVE AVERAGE FOR THEIR VALUE RANGE, OVERALL , SUBJECT IMPROVEMENTS WERE IDENTIFIED AS BEING IN AVERAGE OVERALL CONDITION, needs minor maintenance inside and outside. Inside of the main house is average. Guest house is in as/new condition SUBJECT NEIGHBORHOOD AND AREA DEVELOPMENT IS CHARACTERIZED BY AVERAGE PLUS TO GOOD TO VERY GOOD QUALITY. A remodel of the interior & exterior could create a 1.4 mil + value. These 2 homes could easily rent for $5500 to $6500 a month.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

4.45%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Colonel Conway Houses

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

R1-10

APN/PARCEL ID

160-21-003

ASK ABOUT THIS PROPERTY

Mike Van SickleInvestors Commercial RealtyMore Info
602-989-2220

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Mike Van SickleInvestors Commercial RealtyMore Info
602-989-2220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.