2548 W BELMONT Avenue, Phoenix, AZ 85051
$185,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$185,000
Last Modified:
8/01/2025
Description
Income flowing property 11.56% cap rate. All 3 units have been rented for years. All getting social security income and have always paid on time. Units were remodeled in 2009. This is an irrigated lot so expenses are very low. Rents are a total of $1,925 per month. If you are looking for a great income property with very low maintenance costs then this is the property. Roof mounted A/C units are about 10 years old, roof is about 6 years old, 2 of the water heaters are 5 years old. All of this equals low continuing maintenance costs. Please do not disturb the tenants.
More Information MLS# 5237508
Contract Info
Current Price: $185,000
Sold Price: $185,000
Status: Closed
List Date: 2015-02-16
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: N33
House Number: 2548
Compass: W
Street Name: BELMONT
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85051
County Code: Maricopa
Assessor Number: 157-29-154
Tax Year: 2014
General Property Description
Lot Size Dimensions: rectangle
Year Built: 1947
Uncvrd Parking Spcs: 6
Total # of Units: 3
# of Buildings: 2
Zoning: res
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Elementary School: Washington Elementary School
Jr. High School: Palo Verde Middle School
High School: Cortez High School
Remarks Misc
Cross Street: Northern & 27th Ave.
Directions: 27th ave to Belmont to the property
Geo Lat: 33.549509
Geo Lon: -112.114602
Status Change Info
Off Market Date: 2015-07-28
Under Contract Date: 2015-06-16
Close of Escrow Date: 2015-08-14
Sold Price: $185,000
Legal Info
Township: 2N
Range: 2E
Section: 1
Lot Number: 20
Income Expenses
Gross Annual Sch Inc: 23100
Net Operating Income: 23100
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 650
Avg SqFt: 650
# Baths: 1
Contact Info
List Agent Cell Phn2: 602-319-8868
Sold Info
Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Interior Amenities: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator
Heating: Natural Gas
Cooling: Heat Pump; Individual; Central Air
Water Source: City Franchise; Irrigation
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: <1 Space Per Unit; 1 Space/Unit
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: CTL
Environmental: None
Listing Office: AZ Brokerage Holdings, LLC
Last Updated: August - 01 - 2025
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