x
Address
1620 E Palm Lane Phoenix, AZ
Price
$ 550,000
Property Attributes
  • MLS#5885958
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodRoselawn Heights Lots 9-12
  • Zip85006
  • Style
  • Year Built1947
  • Taxes1087
  • Price$ 550,000
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage450
Listing Provided Courtesy Of:
Midland Real Estate Alliance
Property Description

Palm Ln Studios is a 7-unit, garden-style apartment community partially renovated in 2018 with land to build additional units. The block constructed apartment was built in 1947 and the renovations include euro-style cabinets and tops, black appliances, roof, windows, and paint. The property is master metered for electricity and gas, and electrical panel and sewer have been replaced since being constructed originally. This property offers a unit mix of 6 efficiency units and a single one bedroom with in-suite washer and dryer in an area with high demand for renters and is walkable to restaurants.

Price History
2/20/2019 Listed $699,000
3/27/2019 8% - $650,000
6/3/2019 12% - $575,000
7/12/2019 5% - $550,000

General Features

1 Bedroom Units: Avg Rent 850.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Features No Pool
Listing Status Active
Map Code/Grid P35
Net Income 44009.00
New Financing Other (See Remarks), Trade
Owner Pays Water, Sewer, Electric, Gas, Trash, Landscaping
Property Type F
Public Remarks Palm Ln Studios is a 7-unit
School District 014 - Creighton Elementary District
Special Owner/Agent
Subdivision ROSELAWN HEIGHTS LOTS 9-12
Tenant Pays Cable TV
Year Built 1947
Zoning R-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 1
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 450
Appliances Included F/S Oven/Range, Refrigerator, Washer/Dryer
Cooling Window/Wall Unit
Electric APS, Master Meter
Floors Ceramic Tile
Gas Master Meter, SW Gas
Heating Window/Wall Unit(s), Ceiling Fan(s)
Interior Features Fire/Smoke Alarm(s), Mini Blinds
Total Number of Units 7.00

Exterior Features

Sale Includes Land & Building, Laundry Equipment
Const - Finish Painted
Covered Parking Spcs 0.00
Exterior Features Desert Landscaping
Lot Size Dimensions 20, 475 sq ft
Parking >1 Space Per Unit
Roof Foam, Other (See Remarks)
Sewer Sewer - Public
Total Parking Spcs 10.00
Water Master Meter, City Franchise

Amenities

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

Property vs Zip Code Average in 85006

Price
AVG $560K
$550K
Taxes
AVG $2,063
$1,087
Visits
AVG 193
500
Year Built
AVG 1949
1947
Walkscore
AVG 76
76
Data Provided by Walkscore ® not using MLS data

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