813 E MARLETTE Avenue, Phoenix, AZ 85014

$5,115,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $5,115,000 List Date: 4/07/2022 Last Modified: 6/25/2022

Overview

Description

Location, Location, Location! 813 Marlette Apartments sits directly in the middle of Uptown Phoenix just off the famed 7th Street Corridor and Restaurant Row. Situated on a quiet street still minutes away from great restaurants, Uptown Plaza, and easy freeway access points to SR51 and I-10. The property has 14 units. Including (13) 2/2 units, and (1) is a 1/1 unit. It received a full remodel in 2020 with popular modern finishes. All the units include an in-suite washer and dryer. Several units have large outdoor backyards. The property has a new roof, windows, doors, security system, and more. The property has low maintenance desert-scape and a nice courtyard. Each unit is individually metered. This is a rare and excellent investment in an A location that you don't want to miss!

Listing Details MLS# 6379688

Location, Tax & Legal

Map Code/Grid
N34
House Number
813
Compass
E
Street Name
MARLETTE
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85014
Zip4
1507
Country
US
County Code
Maricopa
Subdivision
ORANGE HEIGHTS LOTS 44, 45 & TR A
Assessor Number
161-15-035-F
Tax Year
2021

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
146x122
Year Built
1962
Total # of Units
14
# of Buildings
Yes
Zoning
R4
Elementary School District
Madison Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
7th Street & Bethany Home Rd
Directions
North on 7th Street, East on Marlette to property on South side of street.

Status Change Info

Off Market Date
2022-05-25
Under Contract Date
2022-05-12
Close of Escrow Date
2022-06-24

Legal Info

Township
2N
Range
3E
Section
9
Lot Number
37

More Information

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
1400
Avg SqFt
550
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
13
Avg Rent
1684
Avg SqFt
929
# Baths
2

Income Expenses

Gross Annual Sch Inc
311100
Net Operating Income
261227

Contact Info

List Agent Cell Phn2
6127701717

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession to Buyer
90000
Seller Concession $/%
$

Property Features

Project Type: 13 - 24 Units Construction: Block; Other Const - Finish: Painted; Other (See Remarks) Roofing: Other Floors: Other Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Patio/Balcony; Security Light(s) Interior Features: Fire Sprinklers Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer Cooling: Electric Water Source: Master Meter; Other Sewer: Sewer - Public Electric: Individual Meter Gas: Other (See Remarks) Parking Features: Other Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Special: Owner/Agent Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional New Financing: Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: June - 25 - 2022
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