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Key Details
Sold Price $950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Collins Phoenix Blks 23-26, 17, 27
MLS Listing ID 6124419
Sold Date 11/30/20
Maintenance Fees $6,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1940
Annual Tax Amount $1,078
Tax Year 2019
Lot Dimensions 49.12x157.44
Property Description
1846 is a 12-unit boutique apartment community located off of Washington Street near Downtown Phoenix. Located a short 3 minute drive to the south, Phoenix Sky Harbor International Airport is one of
the largest employers in the Phoenix MSA. Additional employers in the Gateway corridor include FedEx, Honeywell, JP Morgan Chase, Bank of America, Gateway Community college, Waste Management,
Southwest Airlines, American Airlines and more.
Developed in 1940, 1846 is comprised of 8 studio floor-plans, 3 one bedroom floor-plans, and 1 two-bedroom floor-plan averaging 329 square-feet. Current ownership has injected roughly $240,000 of
capital into improvements such as new roofs, new walkways, six new air conditioning units, stucco and paint, select new electrical panels and more. Future ownership will have the opportunity to eliminate the current loss to lease, and implement a utility reimbursement (RUBS) across every unit.
Location
State AZ
County Maricopa
Community Collins Phoenix Blks 23-26, 17, 27
Zoning C-3
Interior
Heating Window/Wall Unit(s), Electric
Cooling Wall/Window Unit(s)
Appliance Microwave, BI OvenRange
Exterior
Parking Features Other (See Remarks)
Community Features No Pool
Roof Type See Remarks, Other
Total Parking Spaces 12
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 115-03-074
Financing Conventional
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Bought with Non-MLS Office