3516 W VERNON Avenue, 3, Phoenix, AZ 85009
$418,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$418,000
List Date:
5/31/2024
Last Modified:
5/22/2025
Description
Investment Opportunity! Presenting a fully occupied Triplex featuring two one-bedroom, one-bath units, and a two-bedroom, one-bath unit. Convenient location, this property offers an ideal blend of accessibility and tranquility. To honor the privacy and comfort of our tenants, kindly refrain from disturbances. Drive-by viewings only, please. An excellent addition for an investor portfolio or an owner occupy in one unit and rent the other two.
More Information MLS# 6712475
Contract Info
Current Price: $418,000
Sold Price: $418,000
Status: Closed
List Date: 2024-05-28
Ownership: Fee Simple
Location Tax Legal
House Number: 3516
Compass: W
Street Name: VERNON
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 1278
Country: US
County Code: Maricopa
Subdivision: FAIRFIELD
Assessor Number: 108-14-031
Tax Year: 2023
General Property Description
Lot Size Dimensions: 60X122 IRR
Year Built: 1958
Total # of Units: 3
# of Buildings: 1
Zoning: MULTI
Flood Zone: No
Elementary School District: Isaac Elementary District
High School District: Phoenix Union High School District
Elementary School: Isaac E Imes School
Remarks Misc
Cross Street: From 35th Ave: Head west on W. Vernon
Directions: 35th Ave south of Thomas Directions: From 35th Ave: Head west on W. Vernon. Property on the right/north side of street.
Geo Lat: 33.474333
Geo Lon: -112.135193
Status Change Info
Status Change Date: 2024-06-29
Off Market Date: 2024-06-21
Under Contract Date: 2024-05-30
Close of Escrow Date: 2024-06-28
Sold Price: $418,000
Legal Info
Township: 2N
Range: 2E
Section: 34
Lot Number: 6
Income Expenses
Gross Annual Sch Inc: 32340
Net Operating Income: 16170
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 750
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 995
Avg SqFt: 550
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 950
Avg SqFt: 550
# Baths: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Buyer - B
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Interior Amenities: Unfurnished
Appliances Included: Built-In Range
Heating: Other
Cooling: Electric
Water Source: Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Carport; <1 Space Per Unit
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Other
Existing 1st Loan: FHA; Conventional; Private; Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Listing Office: HomeSmart
Last Updated: May - 22 - 2025
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