4020 N 11th Street, Phoenix

$2,449,000

0 Beds
0 Baths
0 Acres
0 Garages

''Welcome to 14 on Eleventh. This 2016 remodel sits atop 2 parcels in the heart of Phoenix, just a few blocks from the 7th Street Corridor, intersecting Indian School Rd. French doors lead to private yards or open to the resurfaced pool, grill, custom-built gazebo, fireside, and corn hole game. New windows, sandblasted brick, and a recently updated roof modernize this midcentury, garden-style gem. These all 2 bed/1bath include stackable washer/dryer, quartz countertops, subway backsplash tile, stainless steel appliances with ranges, and ceramic plank flooring. Each unit has a covered parking stall, and ample street parking is available. Individually metered for electric. A RUBS is incorporated into each lease ($25-50 per unit) for utility cost recovery. Market rents are $1250-1300. Current rents are 1000-1250. Almost a 6% cap on proforma
All facts and figuers are approximate buyer verify MLS information

Seller is also willing to carry back and must qualify for the current loan assumption of 1.4 million.
Current Loan assumption is 4.3% 30 year amortization fixed for the next 4 years. 1 % loan assumption fee. Buyer must also qualify for the loan and carry back.

Essential Information
MLS® #6030097
Price$2,449,000
Year Built1962
TypeMulti-Family
Sub-Type13 - 24 Units
StatusActive
Community Information
Address4020 N 11th Street
CityPhoenix
CountyMaricopa
StateAZ
Zip Code85014
Amenities
AmenitiesPool(s)
Parking Spaces28
Parking1 Space/Unit
Interior
AppliancesF/S Oven/Range, Refrigerator
HeatingElectric
CoolingCentral A/C
Exterior
Lot Description43065
RoofComp Shingle
ConstructionBlock
District

008 - Osborn Elementary District

Additional Information
ZoningMultifamily
Listing Details
OfficeGrace CRE
Property History
Price Reduced from $2,590,000 to $2,449,000
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Listing information last updated on July 5th, 2020 at 6:17pm MST.