$ 239,000
$44,000 Price increase
2838 W MELVIN Street, Phoenix, AZ 85009  

2838 W MELVIN Street, Phoenix, AZ 85009  

Looking to make easy money? You have found it! This property has space to legally add two more apartments, a savvy investor can make quick money with a flip or just enjoy the 10% CAP. Imagine the CAP with adding the extra units. PROFORMA OF $2150 ($850+$650+$650) The separate 3 bedroom home is currently undervalued and can easily get $850. All tenants in leases until May 2018! Laundry hook-up on site and just moments to shops and downtown! Seller is moving out of state and must sell fast! This won't last, contact us today!

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  • Listing Type Multi-Family
  • Listing ID 5728216
  • Lot Size IRR
  • Listing Status Active
  • Year Built 1931
  • County Maricopa
  • Subdivision Willow Addition
  • County School District Phoenix Union High School District
  • School District 1 J B Sutton Elementary School
  • School District 2 Isaac E Imes School
  • School District 3 Carl Hayden High School
  • Zoning r-3
  • Taxes 696.0
Listing courtesy of HomeSmart

Price History

Date Listed at or
6/7/2018 $239,000 $44,000
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