910 S 31st Avenue, Phoenix, 85009 For Sale

  • $211,000
  • 6 beds
  • 4 baths
  • 1990 sqft

Single Family + Duplex in Awesome Location!

 

2 bed/2 bath SFH + duplex (2/1 units)

SFH: 760 Sq ft.

  • The home is gutted, with brand new framing and flooring
  • Electrical is setup and ready to go with its own meter.

Duplex: 1,230 Sq ft. total (separately metered!)


Fix & Flip: 
Asking price: $211,000
Rehab: $70k
ARV: $335k
__________________________
$54,000 profit

Buy & Hold: 
Asking Price: $211,000 
Rehab: $65k
Income: $800 per unit/month ($1600) + $1100 sfh/month = $2700

– $47.5/month tax – $80/month insurance
______________________
$2572.50/month *12 = $30,870

___________________________
$30,870/$296,000 = 10.42% cap rate 

Description: 

Fixer-upper SFH and a duplex. All are separately metered.

Duplex currently has one tenant month-to-month. SFH is gutted with brand-new flooring and framing.

Both roofs redone in 2006 and in great condition. Both duplexes include refrigerators.

Location is close to highways and downtown Phoenix.

Can also be split into two lots, if preferred – cost is $600 (lot division) + $490.

Price:
$211,000
Address:
910 S 31st Avenue
Phoenix, AZ 85009
Square Feet:
1990
Lot Size:
10280
Bedrooms:
6
Bathrooms:
4
Terms:
For Sale
Property Type:
Duplex
Year Built:
1946

Call Email us
480-703-5914 for more details

Property Location