2903 E Atlanta Avenue, Phoenix, AZ 85040
$557,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$557,000
Last Modified:
5/22/2025
Description
DRIVE BY ONLY - Do not disturb the tenants. Here is your opportunity to own an excellent stabilized tri-plex in Wier Estates. All units are 2 bed/1 bath. This triplex is a rare find with great income potential. 2 of the 3 units have been renovated. Unit 1 & 2 have long term tenants in place for 20 years, you can ''update'' the last unit & creating an opportunity for potential additional income. Each unit has its own electric meter, tenants pay their own APS bills. Landlord pays for water/sewer & trash, which is one meter for the building. Be the proud owner of this multi-dwelling in a high demand area. Buyer to verify all facts and figures. Drive by only to take a look.
More Information MLS# 6711891
Contract Info
Current Price: $557,000
Sold Price: $557,000
Status: Closed
List Date: 2024-05-29
Ownership: Fee Simple
Location Tax Legal
House Number: 2903
Compass: E
Street Name: Atlanta
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Country: US
County Code: Maricopa
Subdivision: WIER ESTATES
Assessor Number: 122-61-095-A
Tax Year: 2023
General Property Description
Lot Size Dimensions: 7269
Year Built: 1984
Uncvrd Parking Spcs: 3
Total # of Units: 3
# of Buildings: 1
Zoning: R3
Flood Zone: No
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Roosevelt Elementary School
Jr. High School: Roosevelt Elementary School
High School: South Mountain High School
Remarks Misc
Cross Street: 32nd St & Roeser
Directions: East on Broadway Rd, right on32nd St, right on Atlanta Ave. The property is on the left.
Geo Lat: 33.400343
Geo Lon: -112.018217
Status Change Info
Status Change Date: 2024-06-26
Off Market Date: 2024-06-18
Under Contract Date: 2024-06-02
Close of Escrow Date: 2024-06-26
Sold Price: $557,000
Legal Info
Lot Number: 134
Income Expenses
Gross Annual Sch Inc: 49200
Net Operating Income: 40503
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1367
Avg SqFt: 737
# Baths: 1
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 7000
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Other
Sale Includes: Land & Building
Community Features: Other
Exterior Amenities: Fenced; Other (See Remarks)
Interior Amenities: Fire/Smoke Alarm(s); Other (See Remarks)
Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave
Heating: Individual; Heat Pump; Other
Cooling: Ceiling Fan(s); Electric; Individual; Central Air; Other
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: On Street; Add'l Parking Avail; Assigned; Free; Paved
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email
Lockbox Type: None
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: NORTH&CO.
Last Updated: May - 22 - 2025
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