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!
Off market
Zestimate®
$301,200
2838 W Melvin St, Phoenix, AZ 85009
0beds
0baths
1,288sqft
SingleFamily
Built in 1931
0.3 Acres Lot
$301,200 Zestimate®
$234/sqft
$1,649 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Heating
- Wall
Cooling
- Evaporative
Appliances
- Included: Refrigerator
Features
- Flooring: Other
Interior area
- Total interior livable area: 1,288 sqft
Property
Features
- Exterior features: Stucco
Lot
- Size: 0.30 Acres
Details
- Parcel number: 10927083
Construction
Type & style
- Home type: SingleFamily
Materials
- steel
- Roof: Other
Condition
- Year built: 1931
Utilities & green energy
- Electric: APS
- Gas: SW Gas
- Sewer: Sewer-In & Connected, Sewer - Public
Community & neighborhood
Location
- Region: Phoenix
Other
Other facts
- Ownership: Fee Simple
- Community Amenities: Other (See Remarks)
- Exterior Amenities: Fenced
- Gas: SW Gas
- Interior Amenities: Unfurnished
- Project Type: Tri-Plex
- Sewer: Sewer-In & Connected, Sewer - Public
- Water: City Franchise
- Heating: Other (See Remarks)
- Parking: Other (See Remarks)
- Sale Includes: Land & Building
- Construction: Frame - Wood
- Owner Pays: Water, Trash, Gas
- Tenant Pays: Electric
- Source of Fincl Data: Provided by Owner
- Const - Finish: Other (See Remarks)
- New Financing: Other (See Remarks)
- Other Type: House + Rental Units
- Electric: APS
- Tax Municipality: Maricopa - COUNTY
- High School: Carl Hayden High School
- Elementary School: J B Sutton Elementary School
- Jr. High School: Isaac E Imes School
- Tax Year: 2016
- Ownership: Fee Simple
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Estimated market value
$301,200