SoldSep 30, 2024

Listed and Bought with Linda Gerchick from Gerchick Real Estate

Source: Arizona Regional Multiple Listing Service #6748111

1753 E Harvard St, Phoenix, AZ, 85006

$775,000

6

MultiFam

3 days on the market

Sold: Sep 30, 2024

What's around 1753 E Harvard St

About this property

Discover an exceptional investment opportunity with this well-maintained garden-style property at 1753 E Harvard, featuring a total of 8 units across two contiguous fourplexes, each on separate parcels. Priced per fourplex, this offering qualifies for residential financing, making it a prime choice for savvy investors looking to capitalize on a stable income stream. **Property Highlights:** - **Year Built:** 1984 - **Unit Composition:** 100% 2-bedroom / 1-bath units, each with an additional office space/study room. - **Exterior Features:** Each unit includes large front patio areas, open backyard spaces, and ample front parking. - **Utilities:** Individually metered for electricity. - **Additional Income Potential:** Owner-operated laundry facilities in each building and storage Discover an exceptional investment opportunity with this well-maintained garden-style property at 1753 E Harvard, featuring a total of 8 units across two contiguous fourplexes, each on separate parcels. Priced per fourplex, this offering qualifies for residential financing, making it a prime choice for savvy investors looking to capitalize on a stable income stream. **Property Highlights:** - **Year Built:** 1984 - **Unit Composition:** 100% 2-bedroom / 1-bath units, each with an additional office space/study room. - **Exterior Features:** Each unit includes large front patio areas, open backyard spaces, and ample front parking. - **Utilities:** Individually metered for electricity. - **Additional Income Potential:** Owner-operated laundry facilities in each building and storage rooms for each unit. **Value-Add Opportunity:** The property presents a light value-add opportunity through interior remodels, which could enhance tenant appeal and increase rental income. **Prime Location Benefits:** - **Close Proximity to Phoenix Children's Hospital:** Perfect for families seeking convenient access to top-notch pediatric care. - **Nearby Amenities:** Minutes away from Phoenix Country Club, Coronado Park, and vibrant Downtown Phoenix. - **Transportation Access:** Easy access to Route 51 Freeway and Phoenix Sky Harbor International Airport. This garden-style property not only offers a solid investment with its attractive unit mix and valuable features but also provides extra income potential through the owner-operated laundry facilities. With its prime location and opportunities for value enhancement, this property is an ideal addition to any real estate portfolio. **Please Note:** Buyers are advised to verify all facts and figures. Seller financing is not available. Interior inspections will be conducted on accepted contracts only. Please drive by only and do not disturb tenants.

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Buyer's review

over 1 year ago

Smooth buying experience

Linda made the complex transaction process smooth and simpler. All the documents are well organized and it's easy for me to know where I am in the buying process. The service providers recommended by her like lender, property manager, insurer, inspector are professional. It saves me ton of time vetting the team from scratch. Linda provides professional advice in negotiation process. Her recommendation is reasonable and can align on seller and buyer and get the deal done.

X
Xiaofang Liu
Buyer

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