2142 E Mckinley Street, Phoenix, AZ 85006

$575,000
6
BD
4
BA

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List Price
$575,000
Days on Market
0
Status
ACTIVE
MLS#
7069832
City
Phoenix
Bedrooms
6
Bathrooms
4
Subdivision
Bumbalow Heights Blk 1
Year Built
2004

Property Description

Extremely rare newer vintage duplex on over 0.5 acre parcel with the opportunity of adding additional units, McKinley II presents a unique value-add multifamily offering. Built in 2004 and consisting of 2 oversized 3-bed, 1-bath floorplans averaging 1,100 SF, future ownership will have the opportunity to complete a renovation program to capture rent premiums already achieved in the the market and build additional unit(s) on the parcel. Alternatively, the property is well positioned for an owner-occupied investment approach. ***PROPERTY IS CURRENTLY VACANT. LEASING WILL COMMENCE BY MID-SEPTEMBER.

Additional Information

Community Features
See Remarks
Construction
Wood Frame, Stucco
Cooling
Central Air, Electric, Varies by Unit
Electric
APS
Exterior Features
Sidewalk(s)
Heating
Electric, Varies by Unit
New Financing
VA Loan, FHA, Conventional, 1031 Exchange, No Carry, Cash
Parking Features
Paved, >1 Space Per Unit
Roofing
Composition
Subdivision
Bumbalow Heights Blk 1
Taxes
$1,324
Tax Year
2025
Tenant Pays
Electricity
Units
2
Water
City Franchise
Zoning
R-4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Marcus & Millichap.

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