Phoenix, AZ 85020,316 E VOGEL Avenue

$903,000

Est. payment /mo

$935,000

3.4%
Est.Price: ?

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316 E VOGEL Avenue Phoenix, AZ 85020

SOLD DATE : 09/27/2024

Key Details

Sold Price $903,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Tengen Place Addition

MLS Listing ID 6739259

Sold Date 09/27/24

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1939

Annual Tax Amount $6,658

Tax Year 2023

Lot Dimensions irr

Property Description

This is leased on an ABSOLUTE NNN Lease-The Tenant pays 100% of all expenses!
All Utilities
All Property Taxes
All Maintenance
All Insurance
All Landscaping
All EXPENSES
Welcome to 316 E Vogel, a meticulously maintained triplex offering an incredible investment opportunity with its blend of modern amenities and classic charm. This unique property consists of two spacious three-bedroom units and a cozy studio, all designed to cater to a variety of living needs. With recent upgrades, a beautiful common BBQ area, and potential for additional income from rentable storage space, this property is a standout choice for investors. See Virtual Tour and Additional Comments This is leased on an ABSOLUTE NNN Lease-The Tenant pays 100% of all expenses!
All Utilities
All Property Taxes
All Maintenance
All Insurance
All Landscaping
All EXPENSES
Welcome to 316 E Vogel, a meticulously maintained triplex offering an incredible investment opportunity with its blend of modern amenities and classic charm. This unique property consists of two spacious three-bedroom units and a cozy studio, all designed to cater to a variety of living needs. With recent upgrades, a beautiful common BBQ area, and potential for additional income from rentable storage space, this property is a standout choice for investors.

Property Highlights:
Two-Story House:

Appliances: Enjoy the convenience of a brand new Kitchen Aid dishwasher, GE microwave, stove, and refrigerator, all replaced in mid-July 2024. Please note that no warranties are provided.
Laundry: Equipped with a gas washer and dryer for added convenience.
Recent Upgrades:
Interior repainted, enhancing the home's fresh appeal ($2,000).
Stair carpet and baseboards have been updated with stylish laminate flooring ($1,800).
New blinds installed throughout for added privacy and style ($500).
Exterior freshly painted to boost curb appeal ($1,800).
Modern appliances replaced ($1,200).
One-Story House:

Appliances: Features the same high-quality Kitchen Aid and GE appliances, updated in mid-July 2024, with no warranties.
Laundry: Includes a gas washer and dryer.
Recent Upgrades:
Newly repainted interior ($1,800).
Updated blinds throughout ($800).
Exterior painting completed to ensure a welcoming exterior ($1,800).
Appliances replaced for tenant comfort ($1,200).
Casita:

Appliances: Outfitted with a new Kitchen Aid dishwasher, GE gas stove, microwave, and refrigerator, all installed in mid-July 2024, with no warranties.
Recent Upgrades:
Interior repainted to refresh the space ($1,200).
New blinds throughout for an elegant touch ($200).
All flooring and baseboards replaced for a modern look ($4,200).
Cabinets repaired and repainted for a like-new appearance ($800).
Appliances replaced to ensure reliability and functionality ($1,200).
On-Site Features:
Storage Options: Two large grey storage sheds behind the Casita and one large permanent shed, offering the opportunity to rent for additional income. All contents will be cleared before closing.
Beautiful Common BBQ Area: Perfect for entertaining and enjoying Arizona's sunny weather.
Site Improvements:
Brick and walkway repairs completed for safety and aesthetics ($1,000).
Landscaping and trimming enhance the property's natural beauty ($2,500).
Financial Summary:
Total Capital Expenditures (Last 3 Months): $24,000
Two-Story House: $7,300
One-Story House: $5,600
Casita: $7,600
On-Site Improvements: $3,500
316 E Vogel offers a unique combination of comfort, convenience, and income potential, making it an excellent choice for investors seeking a property with minimal upkeep and maximum returns. With its strategic location and recent enhancements, this triplex is ready to deliver a great living experience for tenants and a profitable investment for its new owner. Don't miss this opportunity to own a versatile property in a thriving community!

Buyer to verify all facts and figures.

Location

State AZ

County Maricopa

Community Tengen Place Addition

Zoning [R-3] Multiple

Direction From E Mountain View Rd Turn left onto N 7th St Turn right onto E Vogel Property is on the North side of the Street. Drive by only

Interior

Heating Individual, Heat Pump

Cooling Individual, Heat Pump, Ceiling Fan(s)

Flooring Other, Ceramic Tile

Appliance F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup

Exterior

Garage Paved Parking, Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking

Community Features Barbecue, No Pool

Waterfront No

Roof Type Composition

Total Parking Spaces 7

Building

Sewer Public Sewer

Water City Franchise, Individual Meter

Schools

School District Glendale Union High School District

Others

Senior Community No

Tax ID 159-45-070

Acceptable Financing No Carry, Conventional, FHA, VA Loan

Listing Terms No Carry, Conventional, FHA, VA Loan

Financing Conventional

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Arizona Regional MLS (ARMLS)
Listed by Gerchick Real Estate
Bought with Gerchick Real Estate

Tatiana Maus

REALTOR | BRSA692631000

+1(480) 283-5169

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