4208 N 17TH Street, Phoenix, AZ 85016
$1,150,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,150,000
Last Modified:
5/14/2025
Description
No P&L, No T-12 or Financials. Seller Finance with minimum $250K Down Payment & 6% Interest only payment 3 years balloon payment. 5-Plex has 5 Single story, garden style community located in the highly sought after 85016 area code. The property offers several potential options for investors. The Seller has previously been told that can be approved for 9 luxury townhomes or can be updated the existing units & add 4 more units. The Lot size is 25,579 and it is comprised of 4 X1 bed/1 bath units, and one 2 bed/1 bath unit + one storage building. All units have in suite laundry & under roof parking next to each unit. The 5plex offers a large greenbelt with several large shade trees. During the Seller's ownership property been kept in great condition.
More Information MLS# 6638604
Contract Info
Current Price: $1,150,000
Sold Price: $1,150,000
Status: Closed
List Date: 2023-12-08
Ownership: Fee Simple
Location Tax Legal
House Number: 4208
Compass: N
Street Name: 17TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 5355
Country: US
County Code: Maricopa
Subdivision: MORNINGSIDE ACRES
Assessor Number: 163-28-042
Tax Year: 2023
General Property Description
Lot Size Dimensions: 298.49 X 85.45 X 86.13 X 298.43(25,579 SQFT)
Year Built: 1950
Uncvrd Parking Spcs: 5
Total # of Units: 5
# of Buildings: 6
Zoning: R3 MULTI FAMILY
Flood Zone: No
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 17TH ST & INDIAN SCHOOL RD
Directions: INDIAN SCHOOL RD TO 17TH STREET. NORTH ON 17TH STREET TO PROPERTY ON THE LEFT
Geo Lat: 33.49681
Geo Lon: -112.046002
Status Change Info
Status Change Date: 2024-06-03
Off Market Date: 2024-05-16
Under Contract Date: 2024-05-16
Close of Escrow Date: 2024-06-03
Sold Price: $1,150,000
Legal Info
Township: 2N
Range: 3E
Section: 22
Lot Number: 20
Income Expenses
Gross Annual Sch Inc: 69000
Net Operating Income: 59700
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1100
Avg SqFt: 485
# Baths: 4
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1300
Avg SqFt: 645
# Baths: 2
Sold Info
Loan Type: Carryback
Loan Years: 3
Payment Type: Interest Only
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Green Landscaping; Fenced
Interior Amenities: Unfurnished
Appliances Included: None
Heating: Central
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; On Street; Add'l Parking Avail
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Status Update: Multiple Offers Recd
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Trms: Not Applicable
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office: Realty ONE Group
Last Updated: May - 14 - 2025
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