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2118 W BELMONT Avenue, Phoenix, AZ 85021

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For Sale

$1,080,000

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • 31-40 Years Old
    Age

Explore this Property

Six unit complex with hard to find all two bedroom unit mix (729 sf/unit). Located in a quiet residential neighborhood, just south of Northern Ave. Close to LRT, Grand Canyon U, and Christown Mall. Many owner-occupied neighbors. Jumbo 17,500 sf lot with large parking lot & courtyard. R-3 zoning & building layout on the lot allows nice potential to add units. Rents range from $1,095-$1200 (market). 6 CAP. Long-term, local owner. Value-add, though there have been many upgrades. Built in 1986 with all separate electrical metering (mid to newer HVAC units). One building with three units up/down. Separate laundry & storage in the back (not currently used). DSCR 5-8 unit loan product with 30 yr am could be a good fit. Seller intends to 1031, no seller financing. Competitive $246/sf.
MLS# 6922688

Courtesy Of Real Living SJ Fowler Real Estate

(480) 649-3536

Property Features

  • Age
    31-40 Years Old
  • Appliances
    Dishwasher, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Floor Covering
    Carpet, Vinyl

Map and Directions

Directions to 2118 W BELMONT Avenue, Phoenix, AZ 85021

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.