Full exterior paint completed 4/2022. Asphalt completed 7/2021. Polk Street Apartments offers14 one and two bedroom unit mix located in the heart of the Grand Avenue Arts Districts. Just a few blocks to an array of galleries, restaurants, bars, shopping and the Downtown living experience! Community amenities: gated with key fob controlled access, security cameras and onsite laundry facility, Individual electrical meters. 8 of the 14 units have been upgraded, leaving investors the opportunity to add value and revenue with a completed renovation program. Renovated one bedroom rents in this market are well above the current rent structures in place. Investors can capitalize on other income streams with covered parking fees and billed utilities.
- Price:
- $2,950,000
- Year Built:
- 1984
- Listing ID #:
- 6390434
- Street Address:
- 1402 W Polk St
- City:
- Phoenix
- State:
- Arizona
- Postal Code:
- 85007
- County:
- Maricopa
- Subdivision:
- University Addition
- Listing Status:
- Active
- Listing Type:
- ResidentialMultiFamily
School District: 210 - Phoenix Union High School District
PRESCHOOL-8
525 students
20 student/teacher
PRESCHOOL-8
525 students
20 student/teacher
9-12
2405 students
15 student/teacher
- Construction Description:
- Frame - Wood
- Exterior Features:
- Partially Fenced, Patio/Balcony, Security Light(s)
- Flooring:
- Carpet, Ceramic Tile, Vinyl
- Interior Features:
- Mini Blinds, Unfurnished
- Number Of Units:
- 14.00
- Siding:
- Painted, Siding
- Type Of Roof:
- Comp Shingle
- Year Built:
- 1984
- Operating Expense:
- 1879.00
- Conforms To Zoning:
- R-5
- Community Features:
- No Pool
- Included In Sale:
- Land & Building
- Terms:
- Conventional, No Carry
- Owner Pays:
- Electric, Landscaping, Sewer, Trash Collection, Water
- Property Taxes:
- $1,879
- Tenant Pays:
- Cable Tv
- Parking Description:
- >1 Space Per Unit, Paved Parking
- Parking Spaces:
- 16.00
- Appliances:
- F/S Oven/Range, Refrigerator
- Cooling System:
- Window/Wall Unit
- Electricity:
- Aps
- Existing Water:
- City Franchise
- Heating:
- Window/Wall Unit(s)
- Sewage Type:
- Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listings Provided by Dunlap & Magee Property Management
