601 W SOUTHGATE Avenue $1,200,000

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    601 W SOUTHGATE Avenue Phoenix, AZ 85041

    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 6243550
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    Views: 20 Days On Site: 67

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    Property Details

    S O U T H G AT E is a 8-unit apartment community located south of Downtown Phoenix and east of the growing Southwest Valley.Led by a rapidly expanding economic landscape, the property has nearby access to two of the Valley's most populated employment corridors,Downtown Phoenix & Southwest Valley Industrial Corridor, providing reach to more than +/-205,000 employees. The property also provides access to many of downtown's cultural and recreational hot spots such as the Arizona Science Center, Orpheum Theater, Chase Field, and Talking Stick Resort Area, home of the Arizona Diamondbacks and Phoenix Suns, respectively. Developed in 1987, Southgate is comprised of two-bedroom, one-bedroom floor plans averaging 760+- square feet. Future ownership will have the opportunity to upgrade all 8 classic interiors with an associated renovation premium of $150 per month.

    • General Features
      • Community Amenities No Pool
      • County Maricopa
      • Covered Parking Spcs 0.00
      • Cross Street 7TH AVE & BROADWAY
      • Directions N ON 7TH AVE TO SOUTHGATE. EAST TO PROPERTY.
      • Gas None
      • Marketing Name Southgate
      • New Financing Conventional,VA,FHA
      • Parking >1 Space Per Unit
      • Project Type 5 - 12 Units
      • Roofing Comp Shingle
      • Tax Municipality Phoenix
      • Taxes $1,861
      • Total Units 8.00
      • Year Built 1987
      • Zoning R-3
    • Building Features
      • Construction Block
      • Appliances Included F/S Oven/Range
      • Floors Ceramic Tile
      • Cooling Heat Pump
      • Heating Electric,Individual
      • Interior Amenities Unfurnished
    • Room Features
      • # 1 Bedroom Units 0
      • 1 Bedroom Units: Avg Rent 0.00
      • 1 Bedroom Units: Avg SqFt 0
      • 1 Bedroom Units: # Baths 0
      • # 2 Bedroom Units 8
      • 2 Bedroom Units: # Baths 1
      • 2 Bedroom Units: Avg Rent 722.00
      • 2 Bedroom Units: Avg SqFt 760
      • # 3 Bedroom Units 0
      • 3 Bedroom Units: Avg SqFt 0
      • 3 Bedrooms Units: # Baths 0
      • 3 Bedrooms Units: Avg Rent 0.00
      • # 4 Bedroom Units 0
      • 4 Bedrooms Units: # Baths 0
      • 4 Bedrooms Units: Avg Rent 0.00
      • 4 Bedroom Units: Avg SqFt 0
    • Property Features
      • Efficiency Units: # Efficiency Units 0
      • Efficiency Units: # Baths 0
      • Efficiency Units: Avg SqFt 0
      • Efficiency Units: Avg Rent 0.00
      • Legal Info: Township 20
      • Tenant Pays Other (See Remarks)
      • Owner Pays Other,See Remarks
      • Income & Expenses: Net Operating Income 38520.00
      • Income & Expenses: Gross Annual Sch Inc 69300.00
      • Income & Expenses: Adjusted Gross Inc 65835.00
      • Legal Info: Range 3E
      • Legal Info: Lot Number Metes and Bounds
      • Total Parking Space 8.00
      • Electric SRP
      • Exterior Amenities Partially Fenced
      • Sewer Sewer - Public
      • Water City Franchise
    • Schools
      • Elementary School Rio Vista Elementary
      • High School South Mountain High School
      • Middle School Rio Vista Elementary
      • School District 210 - Phoenix Union High School District

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    Neighborhood

    85041 (Phoenix) Demographics

    28 Median Age
    3,950 Population Density (per sq. mile)
    21% College Educated
    $47,199 Estimated Median Income
    9,954 Estimated Total Home Owners
    6,590 Estimated Total Renters
    60% / 40% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    62,683 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    76 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,200,000 -14.29%
        7/18/2021 8:38:41 AM Status Changed Source: Multiple Listing Service New Value: Pending
        5/30/2021 1:56:00 PM New in Database Source: Multiple Listing Service New Value: $1,400,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 8/5/2021 2:02:01 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Tangible Wealth A Luxury Real Estate Company.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.