Address
710 E PALM Lane, Phoenix, AZ
Price
$ 3,300,000
Property Attributes
  • MLS#6615541
  • TypePending
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodLOS OLIVOS HEIGHTS
  • Zip85006
  • StyleMultiple Dwellings
  • Year Built1963
  • Taxes$ 8869
  • Price$ 3,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Coronada Historic Neighborhood amazing 12 unit fully furnished property. Great opportunity for short or long term rentals. All units where updated in 2021 and 2022. From AC units to flooring. This is a great turn key opportunity located in the central corridor downtown. Located between 7th street & 16th street from Thomas to McDowell. Easy access to freeways, ASU downtown, UofA, Creighton University campuses and all the downtown experiences. This courtyard apartment complex is a true community driven property. Added value is the vacant lot for future development.

Elementary School Middle School High School
Emerson Elementary School Emerson Elementary School North High School
Price History
10/10/2023 Listed $3,300,000

General Features

Sewer Public Sewer
Roof Composition
Zoning R-4
Construction Materials Painted,Stucco,Block,Frame - Wood
Year Built 1963
Electric APS
Tenant Pays None
Township 2N
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 244800.0
OwnerPays Gas,Electricity,Trash Collection,Water,Sewer,Cable TV,Landscaping
Community Features Barbecue,No Pool
County Maricopa
Net Operating Income 197585.16
Operating Expense 47214.84
Property Type Multiple Dwellings
Attached Garage No
MaintenanceExpense 17707.0
Subdivision Name LOS OLIVOS HEIGHTS
Garage Y/N No
Status Pending
Directions At 7th street and Palm Lane head east and property is on the NE corner of 8th street and Palm Lane
High School North High School
City Phoenix
Buyer Agent Compensation 2.25
Disclosures Soil Test
View Y/N No
High School District Phoenix Union High School District
Open Parking Spaces 6.0
Total Units 12
Lot Size Square Feet 0.0
Carport Y/N No
Street Name PALM
Elementary School Emerson Elementary School
Tax Annual Amount 8869.0
Electric Expense 8032.8
Current Financing Non Assumable
Fuel Expense 377.36
Middle/Junior High School Emerson Elementary School
Water Sewer Expense 5022.82
Lease Renewal Y/N No
Additional Parcels Y/N Yes
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 139
Standard Status Pending
Occupancy Description Tenant
Elementary School District Phoenix Elementary District
Tax Lot 19
Cap Rate 5.99
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community None

Interior Features

Flooring Vinyl,Concrete
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Lane
Electric On Property Y/N No

Exterior Features

Parking Features Paved Parking,Free,Street Parking
Water Source City Franchise
Total Parking 6.0
Lot Size Area 0.0
Number of Buildings 2
Spa No
Lot Dimensions 1668
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 85006

Price
AVG $740K
$3.3M
Taxes
AVG $2,190
$8,869
Visits
AVG 202
136
Data Provided by Inside Real Estate®
Year Built
AVG 1969
1963

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