5624 N 6TH Street

    Phoenix, AZ 85012
    • $4,275,000
    • STATUS: Active
    • ON SITE: 40 days
    • MLS #: 6042037
    UPDATED: 63 min ago
    $4,275,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    5624-5646 N 6th St Renovated in 2020, The Madison boasts mid-century art deco stylearchitecture modernized to fit the young professional tenant base theproperty now attracts. Given its location in the sought after Uptown CentralPhoenix Corridor, its walking distance from some of Phoenix's hottestnew restaurants, cafes and social spots and detailed scope of remodel,which includes almost $700,000 in total Capital Improvement costs, TheMadison provides a remarkable opportunity for immediate value along withconsiderable future upside potential.Built in 1952 of block construction, pitched roofs, art deco windows and frontand rear entryways, The Madison is a prime example of Phoenix historicalarchitecture and charm reinvigorated to match today's market of multifamily.

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Revelation Real Estate. Data last updated 2020-04-07T09:10:14.513.
    www.teamredbrick.com/homes/103556364

    5624 N 6TH Street Phoenix, AZ 85012

    • Price: $4,275,000
    • Status: Active
    • Updated: 63 min ago
    • MLS #: 6042037
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1949
    Built
    Neighborhood:
    Camel Square
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Madison Elementary School
    Middle School:
    Madison Meadows School
    High School:
    Central High School
    School District:
    038 - Madison Elementary District
    Property Description
    5624-5646 N 6th St Renovated in 2020, The Madison boasts mid-century art deco stylearchitecture modernized to fit the young professional tenant base theproperty now attracts. Given its location in the sought after Uptown CentralPhoenix Corridor, its walking distance from some of Phoenix's hottestnew restaurants, cafes and social spots and detailed scope of remodel,which includes almost $700,000 in total Capital Improvement costs, TheMadison provides a remarkable opportunity for immediate value along withconsiderable future upside potential.Built in 1952 of block construction, pitched roofs, art deco windows and frontand rear entryways, The Madison is a prime example of Phoenix historicalarchitecture and charm reinvigorated to match today's market of multifamily.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 18.00 Exterior Amenities Landscape Wtr SystemGreen LandscapingSeparate Storage Lot Size Dimensions 58800 Parking Paved ParkingCarport<1 Space Per Unit Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 628 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 900 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 950 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeMicrowave Cooling Individual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl/CompositionWood Heating Gas Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 1295.00 1 Bedroom Units 11 2 Bedroom Unit Avg Rent 1495.00 2 Bedroom Units 6 3 Bedroom Unit Avg Rent 1595.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 25118.00 Annual Elec Exp 10800.00 Annual Gas Exp 0.00 Annual Ins Exp 3600.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 3600.00 Annual Maint Exp 4500.00 Annual Mgmt Exp 15179.00 Annual Other Expense 2700.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities No Pool Cross Street 7th St. & Bethany Home Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas Sw Gas Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 240759.00 New Financing Conventional1031 ExchangeOther (See Remarks) Operating Exp 43394.00 Other Income 26440.00 Owner Pays WaterSewerTrash Collection Payment Includes Principal Project Type 13 - 24 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 3015.00 Tenant Pays WaterSewerTrash Vacancy Allowance 0.05 Water City Franchise Zoning R-3

    Listing courtesy of Taylor Street Realty Services.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Revelation Real Estate. Data last updated 2020-04-07T09:10:14.513.
     
    Revelation Real Estate
    2301 S Stearman Dr.
    Chandler AZ, 85286