2600 W STATE Avenue, Phoenix, AZ 85051
$2,000,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$2,000,000
Last Modified:
8/01/2025
Description
This Multifamily property is a true hybrid! You get 4 individual units and two Coliving units! This property is built for income. The front 2 buildings are 3 bedroom 2 bath units and the back building consists of 2 coliving units with a total of 8 rooms! If you are looking for a multifamily property, this is it! Buildings are approximately 2,040 sqft. Each unit has inside laundry and stainless steel appliances, and quartz countertops. This is brand new construction! Coliving units are being ran through PadSplit. See the proforma for current numbers and also a second one for a six unit, 24 room Coliving property.
More Information MLS# 6794316
Contract Info
Current Price: $2,000,000
List Price: $2,000,000
Status: Active
List Date: 2024-12-13
Ownership: Fee Simple
Location Tax Legal
House Number: 2600
Compass: W
Street Name: STATE
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85051
Zip4: 6726
County Code: Maricopa
Subdivision: STATE AVENUE 6 CONDOMINIUMS
Assessor Number: 157-31-158
Tax Year: 2023
General Property Description
Lot Size Dimensions: 192.02' x 97'
Year Built: 2024
Uncvrd Parking Spcs: 2
Total # of Units: 6
# of Buildings: 3
Zoning: R-3
Flood Zone: No
High School District: Glendale Union High School District
High School: Washington High School
Remarks Misc
Cross Street: 25th Ave. & State Ave.
Directions: I-17 North, Exit 205, Head West on Glendale Ave., Right on 27th Ave, Right on W State Ave, Destination on you Left
Geo Lat: 33.544806
Geo Lon: -112.114757
Legal Info
Township: 2N
Range: 2E
Section: 1
Lot Number: 98
Income Expenses
Gross Annual Sch Inc: 11100
Net Operating Income: 109320
Showing Notification Methods
Showing Service: Aligned Showings
3 Bedrooms Units
# 3 Bedroom Units: 4
Avg Rent: 1670
Avg SqFt: 1020
# Baths: 2
4 Bedrooms Units
# 4 Bedroom Units: 2
Avg Rent: 3400
Avg SqFt: 1020
# Baths: 2
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Other
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; >1 Space Per Unit; Assigned
Owner Pays: Other
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner; Projected Proforma
Special: Owner/Agent
Lockbox Type: See Private Remarks
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Documents
Current Proforma ›Listing Office: FSR Realty
Last Updated: August - 01 - 2025
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