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813 E Marlette Avenue

Phoenix, AZ 85014
  • $5,495,990
  • STATUS: Active Under Contract
  • ON SITE: 40 Days
  • MLS #: 6379688
Under Contract
UPDATED: 199 min ago
$5,495,990
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1962
County:
Area:

School Ratings & Info

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!

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© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Keller Williams Realty Phoenix. Data last updated 2022-05-18T00:14:25.087.
www.kwrealtyphoenix.com/homes/127459697
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813 E Marlette Avenue Phoenix, AZ 85014

  • Price: $5,495,990
  • Status: Active Under Contract
  • On Site: 40 Days
  • Updated: 199 min ago
  • MLS #: 6379688
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1962
Built
Neighborhood:
Orange Heights Lots 44, 45 & Tr A
County:
Maricopa
Area:
Phoenix
School District:
038 - Madison Elementary District
Property 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!
Exterior Features

Construction BlockOther (See Remarks) Construction Finish Other (See Remarks)Painted Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingPartially FencedPatio/BalconySecurity Light(S) Lot Size Dimensions 146X122 Parking Other (See Remarks) Roads Asphalt Roofing Other (See Remarks)

Interior Features

1 Bedroom Unit Avg Sq Ft 550 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 929 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherF/S Oven/RangeMicrowaveRefrigeratorWasher/Dryer Cooling Electric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other Heating Electric Interior Amenities Fire Sprinklers

Property Features

1 Bedroom Unit Avg Rent 1400.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 1684.00 2 Bedroom Units 13 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 306015.90 Annual Other Expense 36671.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street 7th Street & Bethany Home Rd Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual Meter Gas Other (See Remarks) Gross Annual Sch Inc 311100.00 Hoa YN No Net Operating Income 261227.00 New Financing 1031 ExchangeConventional Operating Exp 45340.00 Other Income 11022.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type 13 - 24 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Special Owner/Agent Tax Municipality Phoenix Taxes 8669.00 Tenant Pays Electric UCB Ccbs (Contract Contingent On Buyer Sale) Vacancy Allowance 0.05 Water Master MeterOther Zoning R4

Listing provided by Homesmart: (602) 230-7600.


© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Keller Williams Realty Phoenix. Data last updated 2022-05-18T00:14:25.087.
 
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