$568,900 4815 S 7th Street Phoenix, AZ

MLS: 5969989   Type: Multi-Family   County: Maricopa   City: Phoenix   Neighborhood: Roosevelt Square   Zip: 85040     Taxes: $1,843

Mortgage $2,671 /mo



Half Baths

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This is a charming and longstanding Mobile home community! This is a 12 space Mobile home park with an additional Single home. Making a total of 13 rentals. As it sits right now it is a real 8.5 CAP! Space number 7 is vacant with utilities on site ready for another Mobile home and tenant, which would effectively raise the income by 500-600/month conservatively.Right now there are 11 spaces rented with tenant owned homes. 5 at 450, 5 at 400 and 1 at 350/month plus the Single family home which has a very long term tenant at 550 which is low! The Single home has been remodeled, new cabinetry, plumbing, paint, etc! Owners have installed mailboxes for each unit also. All tenants are paying on time! To our knowledge the Majority of tenants have been in these spaces and homes for 5-15+ years.

Elementary School

Middle School

High School

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Price History

8/26/2019 Listed $599,000
9/3/2019 6% - $569,000
1/7/2020 1% - $568,900

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 550.00
3 Bedrooms Units: Avg Rent 0.00
3 Bedrooms Units: Avg Sqft 0
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
Construction Block
Features No Pool
Map Code/Grid R34
Net Income 48661.85
New Financing Conventional, Other (See Remarks), No Carry
Owner Pays Water, Sewer, Trash Collection, Landscaping
Parking <1 Space Per Unit
Property Type F
Public Remarks
School District 066 - Roosevelt Elementary District
Status Active
Tenant Pays Electric
Year Built 1959
Zoning [M-H]

Interior Features

1 Bedroom Units: # 1 Bedroom Units 0
1 Bedroom Units: # Baths 0
1 Bedroom Units: Avg Sqft 0
2 Bedroom Units: # 2 Bedroom Units 1
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 840
3 Bedrooms Units: # 3 Bedroom Units 0
3 Bedrooms Units: # Baths 0
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included Other (See Remarks)
Cooling None
Electric City Electric
Floors Other (See Remarks)
Gas None
Heating None
Interior Features Other (See Remarks)
Total Number of Units 12.00

Exterior Features

Const - Finish Other (See Remarks)
Covered Parking Spcs 0.00
Exterior Features Landscape Wtr System, Security Light(s)
Lot Size Dimensions 0.532 acres / 23, 184 sqft
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 15.00
Water City Franchise

Property Schools

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Property vs Zip Code Avg (85040)

Price 568K Avg 431K

Sqr Feet 840 Avg 1,315

Cost / Sqr Ft $677 Avg $328

Taxes $1,843 Avg $1,115

Visits 271 Avg 106

Days on Site 153 Avg 62

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Listing Provided Courtesy Of: S.J. Fowler Real Estate, Inc.

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Location & Address

Keller Williams Realty East Valley
2077 E. Warner Rd #110
Tempe, AZ