Looking to make easy money? You have found it! This property has space to legally add two more apartments, a savvy investor can make quick money with a flip or just enjoy the 10% CAP. Imagine the CAP with adding the extra units. PROFORMA OF $2150 ($850+$650+$650) The separate 3 bedroom home is currently undervalued and can easily get $850. All tenants in leases until May 2018! Laundry hook-up on site and just moments to shops and downtown! Seller is moving out of state and must sell fast! This won't last, contact us today!

Construction Frame - Wood Construction Finish Other (See Remarks) Covered Parking Spaces 0.00 Exterior Amenities Fenced Lot Size Dimensions Irr Parking Other (See Remarks) Roads Asphalt/Blacktop Roofing Other (See Remarks) Total Parking Spaces 4.00

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigerator Cooling Evaporative Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other (See Remarks) Heating Other (See Remarks) Interior Amenities Unfurnished

1 Bedroom Unit Avg Rent 575.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 765.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 22580.00 Annual Elec Exp 0.00 Annual Gas Exp 180.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 1500.00 Auction No Community Amenities Other (See Remarks) Cross Street 29th Ave & Van Buren Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 22580.00 Hoa YN No Net Operating Income 17800.00 New Financing Other (See Remarks) Operating Exp 2376.00 Other Income 0.00 Other Type House + Rental Units Owner Pays WaterTrashGas Project Type Tri-Plex Sale Includes Land & Building Sewer Sewer - PublicSewer-In & Connected Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 696.00 Tenant Pays ElectricCable Tv Totl Mnth Rntal Inc 1915.00 Vacancy Allowance 0.00 Water City Franchise Zoning R-3

Listing courtesy of Homesmart.

© 2018 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 Conway Real Estate. Data last updated 2018-04-19T18:13:30.373.

2838 W Melvin Street

Description

School Information

Description

Monthly Payment Calculator

2838 W Melvin Street Phoenix, AZ 85009

Property Description

Exterior Features

Interior Features

Property Features

Construction	Frame - Wood
Construction Finish	Other (See Remarks)
Covered Parking Spaces	0.00
Exterior Amenities	Fenced
Lot Size Dimensions	Irr
Parking	Other (See Remarks)
Roads	Asphalt/Blacktop
Roofing	Other (See Remarks)
Total Parking Spaces	4.00

1 Bedroom Unit Avg Sq Ft	0
1 Bedroom Unit Baths	1
2 Bedroom Unit Avg Sq Ft	0
2 Bedroom Units Baths	0
3 Bedroom Unit Avg Sq Ft	0
3 Bedroom Unit Baths	1
4 Bedroom Unit Avg Sq Ft	0
4 Bedroom Unit Baths	0
Appliances Included	F/S Oven/Range Refrigerator
Cooling	Evaporative
Efficiency Unit Avg Sq Ft	0
Efficiency Unit Baths	0
Floors	Other (See Remarks)
Heating	Other (See Remarks)
Interior Amenities	Unfurnished

1 Bedroom Unit Avg Rent	575.00
1 Bedroom Units	2
2 Bedroom Unit Avg Rent	0.00
2 Bedroom Units	0
3 Bedroom Unit Avg Rent	765.00
3 Bedroom Units	1
4 Bedroom Unit Avg Rent	0.00
4 Bedroom Units	0
Adjusted Gross Inc	22580.00
Annual Elec Exp	0.00
Annual Gas Exp	180.00
Annual Ins Exp	0.00
Annual Land Lse Exp	0.00
Annual Landscape Exp	0.00
Annual Legal And Acctg	0.00
Annual Maint Exp	0.00
Annual Mgmt Exp	0.00
Annual Other Expense	0.00
Annual Ownr Asoc Fee	0.00
Annual Pad Fee	0.00
Annual Rplcmnt Rsrvs	0.00
Annual Trash Exp	0.00
Annual Wtr Swr Exp	1500.00
Auction	No
Community Amenities	Other (See Remarks)
Cross Street	29th Ave & Van Buren
Efficiency Unit Avg Rent	0.00
Efficiency Units	0
Electric	Aps
Gas	Sw Gas
Gross Annual Sch Inc	22580.00
Hoa YN	No
Net Operating Income	17800.00
New Financing	Other (See Remarks)
Operating Exp	2376.00
Other Income	0.00
Other Type	House + Rental Units
Owner Pays	Water Trash Gas
Project Type	Tri-Plex
Sale Includes	Land & Building
Sewer	Sewer - Public Sewer-In & Connected
Source Of Financial Data	Provided By Owner
Tax Municipality	Maricopa - County
Taxes	696.00
Tenant Pays	Electric Cable Tv
Totl Mnth Rntal Inc	1915.00
Vacancy Allowance	0.00
Water	City Franchise
Zoning	R-3