$550,000
$605,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
801 S 1ST Avenue Phoenix, AZ 85003
Key Details
Sold Price $550,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Gerigs Sub.
MLS Listing ID 6691116
Sold Date 06/26/24
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1909
Annual Tax Amount $554
Tax Year 2023
Lot Dimensions 7,250
Property Description
801 S 1st Ave is a triplex situated on a corner lot in Downtown Phoenix. The mix consists of (2) 1bed/1bath and (1) 3bed/1bath units, all separate buildings that are individually metered for electricity and fenced with private yards. Plenty of parking and residents have quick access to attractions like Footprint Center, Chase Field, Roosevelt Row and all of the vibrant restaurants, bars and entertainment spaces Downtown Phoenix has to offer.
This triplex presents a great opportunity for investors looking for a value add opportunity or a short erm rental. Units were recently renovated/modernized by the seller (roof/kitchens/bedrooms/exterior/etc) but a new owner can expand on these to further optimize rents.
Drive by only. Do not disturb tenants.
Location
State AZ
County Maricopa
Community Gerigs Sub.
Zoning R-5
Direction North to Sherman, corner of 1st Ave and Sherman. 2 units face north to Sherman and one faces west to 1st Ave
Interior
Heating Electric, Natural Gas
Cooling Electric, Wall/Window Unit(s)
Flooring Other
Appliance Other (See Remarks)
Exterior
Parking Features Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking
Community Features Other
Roof Type Composition
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 112-24-001-C
Acceptable Financing Other (See Remarks)
Listing Terms Other (See Remarks)
Financing Conventional
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Bought with eXp Realty