2045 W WASHINGTON Street, Phoenix, AZ 85009
$560,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$560,000
Last Modified:
5/19/2025
Description
Multi Unit Apartment Complex on Corner Lot Near Downtown Phoenix Generating Nearly $5,000 Per Month Ready For New Ownership. Updates In Last 5 Years Include Electrical, Interior Plumbing, Windows, Doors, Appliances, Duct Work, Exterior Stucco, AC, Granite Countertops and Bathroom Updates. Unit Mix Consists of 1 Studio Apartment/Storage Upstairs, 1 - 1 Bed 1 Bath, 1 - 2 Bed 2 Bath and 1 - 3 Bed 2 Bath Unit. Located Just West of Downtown Phoenix Near Major Freeways For Easy Access To All Parts of Phoenix Metro Area.
More Information MLS# 6685043
Contract Info
Current Price: $560,000
Sold Price: $560,000
Status: Closed
List Date: 2024-04-01
Ownership: Fee Simple
Location Tax Legal
House Number: 2045
Compass: W
Street Name: WASHINGTON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 5256
Country: US
County Code: Maricopa
Subdivision: CAPITOL ADDITION
Assessor Number: 109-49-108
Tax Year: 2023
General Property Description
Lot Size Dimensions: 50 x 140, Corner lot
Year Built: 1948
Total # of Units: 4
# of Buildings: 1
Zoning: Multiple
Flood Zone: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Mary Mcleod Bethune School
Jr. High School: Mary Mcleod Bethune School
High School: Central High School
Remarks Misc
Cross Street: 19th Avenue & Washington Street
Directions: Use GPS
Geo Lat: 33.447744
Geo Lon: -112.104247
Status Change Info
Status Change Date: 2024-08-13
Off Market Date: 2024-07-01
Under Contract Date: 2024-07-01
Close of Escrow Date: 2024-08-13
Sold Price: $560,000
Legal Info
Township: 1N
Range: 2E
Section: 12
Block: 43
Lot Number: 12
Income Expenses
Gross Annual Sch Inc: 60000
Net Operating Income: 42000
Showing Notification Methods
Showing Service: Aligned Showings
Efficiency Units
# Efficiency Units: 1
Avg Rent: 900
Avg SqFt: 600
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1000
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1350
Avg SqFt: 900
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1900
Avg SqFt: 1000
# Baths: 2
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession to Buyer: 4
Seller Concession $/%: %
Property Features
Project Type: Four Plex
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Partially Fenced; Patio/Balcony
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Microwave
Heating: Central
Cooling: Electric; Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: On Street
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: None
Listing Office: Compass
Last Updated: May - 19 - 2025
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