Address
1402 W Polk Street, Phoenix, AZ
Price
$ 2,950,000
Property Attributes
  • MLS#6390434
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodUniversity Addition
  • Zip85007
  • Style
  • Year Built1984
  • Taxes$ 1879
  • Price$ 2,950,000
  • Bedrooms15
  • Full Bathrooms14
  • Half Bathrooms0
  • Sqr Footage7050
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Full exterior paint completed 4/2022. Asphalt completed 7/2021. Polk Street Apartments offers14 one and two bedroom unit mix located in the heart of the Grand Avenue Arts Districts. Just a few blocks to an array of galleries, restaurants, bars, shopping and the Downtown living experience! Community amenities: gated with key fob controlled access, security cameras and onsite laundry facility, Individual electrical meters. 8 of the 14 units have been upgraded, leaving investors the opportunity to add value and revenue with a completed renovation program. Renovated one bedroom rents in this market are well above the current rent structures in place. Investors can capitalize on other income streams with covered parking fees and billed utilities.

Elementary School Middle School High School
Kenilworth Elementary School Kenilworth Elementary School Central High School
Price History
4/28/2022 Listed $2,950,000

General Features

1 Bedroom Units: Avg Rent 860.00
2 Bedroom Units: Avg Rent 870.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
City Phoenix
Construction Frame - Wood
Cooling Window/Wall Unit
County Maricopa
Directions From the 1-10 Freeway, head south on 7th ave to Polk Street, then west on Polk Street. the property is on the right.
Electric APS
Elementary School Kenilworth Elementary School
Exterior Features Partially Fenced, Patio/Balcony, Security Light(s)
Features No Pool
Gas Y/N None
Geo Lat 33.453547
Geo Lon -112.090387
Heating Window/Wall Unit(s)
High School Central High School
Interior Features Mini Blinds, Unfurnished
Map Code/Grid Q34
Middle School Kenilworth Elementary School
Net Income 0.00
New Financing Conventional, No Carry
Owner Pays Electric, Landscaping, Sewer, Trash Collection, Water
Parking >1 Space Per Unit, Paved Parking
Property Type F
Roof Comp Shingle
School District 001 - Phoenix Elementary District
Sewer Sewer - Public
Special Accept Backups (CLO)
Status Active
Street Name POLK
Subdivision University Addition
Tax Municipality Phoenix
Taxes 1879.00
Tenant Pays Cable TV
Water City Franchise
Year Built 1984
Zoning R-5

Interior Features

1 Bedroom Units: # 1 Bedroom Units 13
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 500
2 Bedroom Units: # 2 Bedroom Units 1
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 550
Appliances Included F/S Oven/Range, Refrigerator
Floors Carpet, Ceramic Tile, Vinyl
Street Suffix Street
Total Number of Units 14.00

Exterior Features

Sale Includes Land & Building
Const - Finish Painted, Siding
Covered Parking Spcs 0.00
Lot Size Dimensions 10625
Total Parking Spcs 16.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85007

Price
AVG $970K
$2.95M
Taxes
AVG $1,441
$1,879
Visits
AVG 77
159
Year Built
AVG 1939
1984
Walkscore
AVG 74
79
Data Provided by Walkscore ® not using MLS data

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