Address
1614 /1608 W Osborn Road Phoenix, AZ
Price
$ 1,399,000
Property Attributes
  • MLS#6135307
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodWestwood Terrace
  • Zip85015
  • Style
  • Year Built1952
  • Taxes2880
  • Price$ 1,399,000
  • Bedrooms12
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage5556
Listing Provided Courtesy Of:
Grace CRE
Property Description

Welcome to Westwood Terrace Apartments. Centrally located near Encanto Park and schools. These two triplex's recently renovated. Recent updates are new paint, updated ,windows, kitchens and bathrooms, brand new fencing in front, washer and dryers hookups inside the units. Each triplex has it's own parcel of 9,800 lot's each. Also have covered parking for all the units. They can be purchased with residential financing or one commercial loan . This portfolio sale must be purchased together. Current gross rents are below market at 6648 a month ($1,107) each unit, estimated 4.40% cap on current collection. Proforma rents are 8,400 a month ($1,399,) per unit estimated 5.50% cap on proforma rents.

Elementary School Middle School High School
Encanto School Elementary School Osborn Middle School Central High School
Price History
9/21/2020 Listed $1,399,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 1399.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Electric Refrigeratd
Electric APS
Elementary School Encanto School
Exterior Features Desert Landscaping, Fenced, Other (See Remarks), Pet Restrictions
Features No Pool
Heating Ceiling Fan(s), Gas
High School Central High School
Interior Features Fire/Smoke Alarm(s), Unfurnished
Map Code/Grid P34
Middle School Osborn Middle School
Net Income 77480.00
New Financing Conventional, FHA, VA
Owner Pays Landscaping, Other, See Remarks, Sewer, Trash Collection, Water
Parking 1 Space/Unit, Carport
Property Type F
Public Remarks Welcome to Westwood Terrace Apartments. Centrally located near Encanto Park and schools. These two triplex's recently renovated. Recent updates are new paint, updated, windows, kitchens and bathrooms
Roof Comp Shingle
School District 008 - Osborn Elementary District
Sewer Sewer - Public
Status Active
Subdivision WESTWOOD TERRACE
Tenant Pays Cable TV, Electric, Gas
Water Master Meter
Year Built 1952
Zoning R-4

Interior Features

2 Bedroom Units: # 2 Bedroom Units 6
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 926
Appliances Included BI Oven/Range, Dishwasher, Disposal, Refrigerator, W/D Hookup
Floors Ceramic Tile, Other (See Remarks)
Gas SW Gas
Total Number of Units 6.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted
Covered Parking Spcs 6.00
Lot Size Dimensions 19, 760
Total Parking Spcs 12.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • 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 85015

Price
AVG $1.2M
$1.4M
Taxes
AVG $2,921
$2,880
Visits
AVG 131
181
Year Built
AVG 1959
1952
Walkscore
AVG 57
63
Data Provided by Walkscore ® not using MLS data

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