SFR & Studio on 55th ave | 3115 N 55th Ave
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SFR & Studio on 55th ave 3115 N 55th Ave
2 Unit Apartment Building $389,900 ($194,950/Unit) Phoenix, AZ 85031
EXECUTIVE SUMMARY
Motivated seller offering seller concessions! This property boasts a beautifully designed 3-bedroom, 2-bath main residence, complemented by a separate studio that can serve as a lucrative rental space or offer privacy and convenience for extended family members or visiting guests. A versatile gem that seamlessly blends comfortable living with fantastic investment potential with NO HOA. This property is a unique offering in the Phoenix real estate market, ideal for families, investors, or anyone looking to enjoy the flexibility of a dual-purpose living space. Situated directly across from Marivue Park, you have the convenience of walking out your front door and immediately accessing facilities for volleyball, basketball or simply enjoying a walk—all right at your doorstep.
The home's exterior has been recently refreshed with a new coat of paint, and its location offers quick access to the freeway, ensuring easy commutes. *TENANT OCCUPIED, PLEASE DO NOT DISTURB. DRIVE BY ONLY.*
The home's exterior has been recently refreshed with a new coat of paint, and its location offers quick access to the freeway, ensuring easy commutes. *TENANT OCCUPIED, PLEASE DO NOT DISTURB. DRIVE BY ONLY.*
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$34,800
|
$19.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,740
|
$0.97
|
| Effective Gross Income |
$33,060
|
$18.50
|
| Taxes |
$2,003
|
$1.12
|
| Operating Expenses |
$700
|
$0.39
|
| Total Expenses |
$2,703
|
$1.51
|
| Net Operating Income |
$30,357
|
$16.99
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $34,800 |
| Annual Per SF | $19.47 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,740 |
| Annual Per SF | $0.97 |
| Effective Gross Income | |
|---|---|
| Annual | $33,060 |
| Annual Per SF | $18.50 |
| Taxes | |
|---|---|
| Annual | $2,003 |
| Annual Per SF | $1.12 |
| Operating Expenses | |
|---|---|
| Annual | $700 |
| Annual Per SF | $0.39 |
| Total Expenses | |
|---|---|
| Annual | $2,703 |
| Annual Per SF | $1.51 |
| Net Operating Income | |
|---|---|
| Annual | $30,357 |
| Annual Per SF | $16.99 |
PROPERTY FACTS
| Price | $389,900 | Building Class | C |
| Price Per Unit | $194,950 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 1,787 SF |
| No. Units | 2 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1959 |
| Apartment Style | Single Family Home |
| Price | $389,900 |
| Price Per Unit | $194,950 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 1,787 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1959 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,457 |
| Studios | 1 | - | 330 |
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ZONING
| Zoning Code | R-6 (R-6, Residential) |
| R-6 (R-6, Residential) |
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SFR & Studio on 55th ave | 3115 N 55th Ave
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