1844 E SHERIDAN Street Phoenix, AZ $ 875,000
1844 E SHERIDAN Street
$ 875,000
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1844 E SHERIDAN Street

Phoenix, AZ, 85006
$ 875,000
Baths0.0

Monthly Estimate*

$ 5,816

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View a Virtual Tour
Studio

Multi-Family Home for sale in Phoenix, AZ

for $875,000. This home was built in 1958.

This is truly a NN Lease from a National Short Term Rental Co. All you pay is insurance and property taxes. Property is leased for three years w/increases in rents each year.Great opportunity to own this delightfulDuplex in one of the hottest areas in Phoenix! Located in Midtown which is a district that mixes historic buildings with hip & trending establishments! The upgraded interior boasts fresh paint, stylish wood-like tile flooring, & sizable living/dining areas. All new dual pane windows, new doors, brand new hot water heaters.Each unit is individually metered. Renovated kitchen showcases large shaker cabinets, lavish quartz counters, & shimmering stainless steel appliances. Bedrooms enjoy abundant natural light, upgraded ceiling fans, & walk-in closets.Buyer to verify all facts Historic neighborhoods in Midtown Phoenix near major employers, freeways, and boutiques and popular eateries. The Sheridan Duplex is located south of the intersection of 16th Street and Thomas Road, allowing easy access to Downtown Phoenix, Midtown Phoenix, the Valley freeway system and numerous employers. Very close to amazing eateries, shopping, and freeways. Additionally, within two blocks is Phoenix Children's Hospital. U.S. News & World Report has recognized Phoenix Children's as a Best Children's Hospital seven years in a row. The Arizona State Route 51, also known as the Piestewa Freeway, is a numbered state highway in Phoenix, Arizona. It connects Interstate 10 just outside Downtown Phoenix with Loop 101 on the north side of Phoenix, making it one of the area's major freeways. This is located one-half mile from the property.

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Multi-Family Active

Price

$ 875,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 975

Style

Multiple Dwellings

Year Built

1958

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6523676

Features
General
Sewer Sewer-In & Connected Public Sewer
Heating Individual Heat Pump
Cooling Individual Heat Pump Ceiling Fan(s)
Roof Composition
Zoning R-3
Construction Materials Painted Block
Year Built 1958
Electric APS Individual Meter
Tenant Pays See Remarks Trash Collection Electricity Water Sewer Cable TV Landscaping
Township 2N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 46848.0
Community Features No Pool
County Maricopa
Net Operating Income 45873.0
Operating Expense 975.0
Insurance Expense 0.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name GREENFIELD ACRES TRACT 2
Garage Y/N N
Status Active
Directions East on Sheridan-Property is on the north side of the street
City Phoenix
Buyer Agent Compensation 3.00
Disclosures Other (See Remarks) Seller Prop Disc Stm APOD/Backup Avaible Sch of Personal Prop
View Y/N N
High School District Phoenix Union High School District
Open Parking Spaces 3.0
NumberOfUnitsTotal 2
Lot Size Square Feet 0.0
Carport Y/N N
Street Name SHERIDAN
Tax Annual Amount 975.0
Electric Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tours.arizonarealtours.com/2104873?idx=1
Days on Market 420
Standard Status Active
Occupancy Type Tenant
Elementary School District Creighton Elementary District
Tax Lot 40
Cap Rate 5.24
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
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Interior
Flooring Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Free RV/Boat Parking Add'l Parking Avail >1 Space Per Unit Common
Water Source City Franchise Master Meter
Total Parking 6.0
Lot Size Area 0.0
Number of Buildings 1
Spa N
Lot Dimensions irr
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 3.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1844
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* Excluded Features
List By
Gerchick Real Estate

Broker

Linda@justsoldit.com

Email

Affordability Calculator

$5,897
Per Month
99%
1%
0%
Monthly Principal & Interest
$5,816
Monthly Property Taxes
$81
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/15/2023$875,000 -2.23% Price Down
6/16/2023$895,000 -8.21% Price Down
2/23/2023$975,000 Listed Price

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1844 E SHERIDAN Street, Phoenix, AZ, 85006 is a Multi-Family Home for sale at $875,000. 1844 E SHERIDAN Street is a studio with 0.0 baths and was built in 1958. The property's zip code is 85006 which is in Phoenix, AZ