1620 E PALM Lane

Phoenix, AZ 85006
$1,000,000
1620 E Palm Ln presents an exceptional opportunity to acquire a turnkey asset in a historically significant area at an outstanding price. The property features 7 units, with 5 recently renovated and 4 units offering washer/dryer. With current rents and expenses, the investment is offered at a 6.3% cap rate,Read MoreRead Less
Courtesy of Orion Investment Real Estate 480-634-6934
Listing Snapshot
Days Online
10
Last Updated
Property Type
Multiple Dwellings
Year Built
1947
MLS Number
6869774
Property Location Map
Additional Details
Appliances & Equipment
"Built-In Range", "Refrigerator", "Microwave", "Washer/Dryer"
Building
Built in 1947, Construction materials: "Painted", "Block", 7 total units
Cooling
"Window/Wall Unit"
Expenses
Electric: $4,200, Insurance: $3,360, Maintenance: $3,777, Water sewer: $5,800
Floors
"Ceramic Tile"
Heating
"Electric"
Parking
"Paved", ">1 Space Per Unit", 10 total parkings
Property
Zoning: 88% R-3,12% R-4
Roof
"Rolled/Hot Mop"
Sewer
"Public Sewer"
Taxes
Annual amount: $1,178, Lot: 10
Utilities
"APS"
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Lacey Daebel-Lebeck
Founder and Agent
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