Price Reduction
Address
821 N 3Rd Street, Phoenix, AZ
Price
$ 3,500,000
Property Attributes
  • MLS#6401952
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodChurchill Addition
  • Zip85004
  • Style
  • Year Built1970
  • Taxes$ 7094
  • Price$ 3,500,000
  • Bedrooms2
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2000
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Located in the Roosevelt district in Downtown Phoenix, walking distance to restaurants, shopping, convention center, biomedical complex, U of A and ASU. Combine on Third is a 12 unit mixed use complex with 10 studio apartments, 1 one bedroom unit, and 1 commercial space, currently leased by Lacuna Kava Bar. All units have updated kitchens, bathrooms, built-in closet organizers, WiFiRouters, and storage partitions between living and bedroom spaces. There is a 1,000 sqft luxury 1 bedroom 2 bath unit above Lacuna Kava, which was remodeled in 2019, highlighted by a viking range. Washer, dryer and 2 full bathrooms. Two furnished studios have consistently functioned as successful AIRBNB and long term furnished rentals.

Elementary School Middle School High School
Emerson Elementary School Phoenix Prep Academy Middle School Phoenix Union Bioscience High School
Price History
5/18/2022 Listed $4,495,000
7/30/2022 12% - $3,999,900
9/22/2022 13% - $3,500,000

General Features

1 Bedroom Units: Avg Rent 2600.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
City Phoenix
Construction Brick
Cooling Ceiling Fan(s), Window/Wall Unit
County Maricopa
Directions Head west on E Roosevelt St, Head south on 3rd St property on the left corner of 3rd & Garfield
Electric APS
Elementary School Emerson Elementary School
Exterior Features Desert Landscaping, Security Light(s)
Features No Pool
Flood Zone No
Gas Y/N SW Gas
Geo Lat 33.457442
Geo Lon -112.069606
Heating Electric
High School Phoenix Union Bioscience High School
Interior Features Drapes, Fire/Smoke Alarm(s), Furnished, Unfurnished
Map Code/Grid Q34
Middle School Phoenix Prep Academy
Net Income 180946.00
New Financing 1031 Exchange, Conventional
Owner Pays See Remarks, Sewer, Trash Collection, Water
Parking 1 Space/Unit, Assigned
Property Type F
Public Remarks Located in the Roosevelt district in Downtown Phoenix, walking distance to restaurants, shopping, convention center, biomedical complex
Roof Built-Up, Comp Shingle
School District 001 - Phoenix Elementary District
Sewer Sewer - Public
Status Active
Street Name 3RD
Subdivision CHURCHILL ADDITION
Tax Municipality Phoenix
Taxes 7094.00
Tenant Pays Cable TV, Electric
Virtual Tour https://my.matterport.com/show/?m=Ba85c4yYkxU&mls=1
Water City Franchise, Individual Meter
Year Built 1970
Zoning C-DT

Interior Features

1 Bedroom Units: # 1 Bedroom Units 2
1 Bedroom Units: # Baths 2
1 Bedroom Units: Avg Sqft 1000
Appliances Included F/S Oven/Range, Other (See Remarks), Refrigerator
Floors Ceramic Tile, Concrete, Vinyl
Street Suffix Street
Total Number of Units 12.00

Exterior Features

Sale Includes Land & Building, Laundry Equipment, Personal Property
Const - Finish Other (See Remarks)
Covered Parking Spcs 0.00
Lot Size Dimensions 7000 SQ FT
Total Parking Spcs 12.00

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 85004

Price
AVG $1.86M
$3.5M
Taxes
AVG $4,433
$7,094
Visits
AVG 87
26
Year Built
AVG 1948
1970

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