Back 2536 W Morten Ave
Off Market

2536 W Morten Ave

Phoenix AZ 85051

2
Multi-Family
Last sold for $520,000
Justin FromsteinJustin Fromstein, last sold this property on 07 July 2023 after 637 days on market.

Overview

Amazing investor opportunity! Rental income brings in $3,400 a month with potential to bring in more. The front house is fully remodeled that features granite throughout, new cabinets, new tile flooring, new electrical, new roof, etc. Currently being rented for $1800 a month which includes water and trash for tenants (which is less then $100 a month). Renters have lease through February 2022 and tenants are wanting to renew. Great rental with no issues! In addition to the main house there is a second home in the back of the property that was built 2 years ago and currently brings in $1,600 a month. Tenants have been there for a year and half, they always pay early or on time. This property increases rent yearly $100-$200 a month. Overall incredible opportunity!

Features

2 carspaces
2 open car spaces
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Phoenix over the last 12 months, the estimated median property value of 2536 W Morten Ave is $600k.

Median value
$600k
Estimated value range
$320.5k - $815k
Median days on market
105
Estimated value trend
-25%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Phoenix. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2536 W Morten Ave

2023
Sold
$520,000
07 Jul 2023 by Justin Fromstein, of West USA Realty

Happy sellers in Phoenix

94%
94% of sellers in Phoenix reported that their sale price either exceeded or met their price expectations.

Phoenix stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Phoenix over the last 12 months.

Local market activity for multi families in Phoenix

In the last 12 months, 6 multi families similar to 2536 W Morten Ave, have been sold.

This represents a 20% decrease in multi families sales when compared to the previous 12 months.

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