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    601 W Southgate Avenue

    Phoenix, AZ 85041
    • $1,400,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 6243550
    UPDATED: 63 min ago
    $1,400,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1987
    County:
    Area:

    School Information

    Description

    S O U T H G AT E is a 8-unit apartment community located south of Downtown Phoenix and east of the growing Southwest Valley.Led by a rapidly expanding economic landscape, the property has nearby access to two of the Valley's most populated employment corridors,Downtown Phoenix & Southwest Valley Industrial Corridor, providing reach to more than +/-205,000 employees. The property also provides access to many of downtown's cultural and recreational hot spots such as the Arizona Science Center, Orpheum Theater, Chase Field, and Talking Stick Resort Area, home of the Arizona Diamondbacks and Phoenix Suns, respectively. Developed in 1987, Southgate is comprised of two-bedroom, one-bedroom floor plans averaging 760+- square feet.Future ownership will have the opportunity to upgrade all 8 classic interiors with an associated renovation premium of $150 per month.

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    © 2021 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 Dave Fernandez Team | HomeSmart. Data last updated 2021-06-14T14:14:18.81.
    www.davefernandez.net/homes/117735171
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    601 W Southgate Avenue Phoenix, AZ 85041

    • Price: $1,400,000
    • Status: Active
    • Updated: 63 min ago
    • MLS #: 6243550
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1987
    Built
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Rio Vista Elementary
    Middle School:
    Rio Vista Elementary
    High School:
    South Mountain High School
    School District:
    210 - Phoenix Union High School District
    Property Description
    S O U T H G AT E is a 8-unit apartment community located south of Downtown Phoenix and east of the growing Southwest Valley.Led by a rapidly expanding economic landscape, the property has nearby access to two of the Valley's most populated employment corridors,Downtown Phoenix & Southwest Valley Industrial Corridor, providing reach to more than +/-205,000 employees. The property also provides access to many of downtown's cultural and recreational hot spots such as the Arizona Science Center, Orpheum Theater, Chase Field, and Talking Stick Resort Area, home of the Arizona Diamondbacks and Phoenix Suns, respectively. Developed in 1987, Southgate is comprised of two-bedroom, one-bedroom floor plans averaging 760+- square feet.Future ownership will have the opportunity to upgrade all 8 classic interiors with an associated renovation premium of $150 per month.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Partially Fenced Lot Size Dimensions Irr Parking >1 Space Per Unit Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 760 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/Range Cooling Heat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating ElectricIndividual Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 722.00 2 Bedroom Units 8 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 65835.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 2000.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 2560.00 Annual Maint Exp 3600.00 Annual Mgmt Exp 3909.00 Annual Other Expense 3400.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 2400.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 6800.00 Community Amenities No Pool Cross Street 7TH AVE & BROADWAY Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 69300.00 Hoa YN No Net Operating Income 38520.00 New Financing ConventionalFhaVa Operating Exp 26530.00 Other Income 0.00 Other Type Packaged Offering Owner Pays OtherSee Remarks Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected ProformaProvided By Owner Tax Municipality Phoenix Taxes 1861.00 Tenant Pays Other (See Remarks) Vacancy Allowance 0.05 Water City Franchise Zoning R-3

    Listing courtesy of Corcoran Platinum Living.


    © 2021 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 Dave Fernandez Team | HomeSmart. Data last updated 2021-06-14T14:14:18.81.
     
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