Tengen Place | Phoenix, AZ Real Estate Search

Newest Tengen Place | Phoenix, AZ Listings

$845,000
7 Beds 404 Baths 6935184 MLS
100% occupied - immediate income from all three residences Three-unit property - two three-bedroom units plus one casita $4,995 in total scheduled monthly income $19,219.29 in seller-reported recent improvements New 125-amp electrical panel and service upgrades Updated kitchens and bathrooms with attractive finishes Interior paint, doors, hardware, lighting and ceiling-fan improvements Individual washer and dryer in each unit Private residential setting with a shared BBQ and gathering area Strong North Phoenix location with established rental demand R-3 zoning on approximately 13,375 square feet of land Turnkey investment opportunity offering current stability and long-term potential Welcome to 316-322 E Vogel Ave, a fully occupied North Phoenix triplex offering immediate income, a desirable residential layout and substantial recent improvements. The property consists of two spacious three-bedroom residences plus one casita, providing a diversified unit mix that appeals to a broad tenant base. The current rent roll reflects $4,745 in monthly base rent plus $250 in utility and pet fees, producing total scheduled income of $4,995 per month, or $59,940 annually. All three residences are currently occupied, allowing an investor to acquire an income-producing property without an initial lease-up period. PROPERTY HIGHLIGHTS " Fully occupied three-unit investment " Two three-bedroom residences plus one casita " Approximately 3,691 square feet of building area " Approximately 13,375 square feet of land " R-3 multifamily residential zoning " Individual residential buildings offering tenants added privacy " Individual laundry facilities " Shared outdoor BBQ and gathering area " Convenient North Phoenix location within the 85020 ZIP code RECENT PROPERTY IMPROVEMENTS The most recent seller-provided capital-improvements summary reports $19,219.29 in repairs and upgrades. Improvements include: " New 125-amp electrical panel and electrical-service improvements " Interior repairs, texture and two-tone paint " Interior doors, closet doors, locks and hardware " Window repairs and replacement blinds " Kitchen cabinet refinishing, faucets, hardware and related improvements " Bathroom mirrors, accessories, fixtures and tub refinishing " Updated lighting and ceiling fans " Smoke and carbon-monoxide detectors " Garage motor and remote replacement " Sliding-door and closet improvements " General cleaning, safety and property-condition improvements The residences also feature updated kitchens and bathrooms, modern appliances, refreshed interiors and a combination of attractive tile and updated flooring. OUTDOOR AND STORAGE FEATURES A shared outdoor BBQ and gathering area provides residents with a comfortable space to relax and enjoy Arizona's outdoor lifestyle. Mature trees, shaded areas, brick walkways and low-maintenance landscaping contribute to the property's residential character. The property also includes two large gray storage sheds behind the casita and one permanent storage structure. These structures may provide additional storage utility or potential ancillary income, subject to buyer verification, lease terms and applicable municipal requirements. Seller has indicated that stored contents will be removed before closing. INVESTMENT OPPORTUNITY 316-322 E Vogel Ave combines full occupancy, three separate living environments, an established income stream and recent capital improvements. The mix of two three-bedroom units and one casita provides diversification while the separate-building configuration offers residents privacy that is uncommon in many small multifamily properties. This property may be well suited for an investor seeking an occupied North Phoenix multifamily asset with recent improvements and long-term income potential. Buyer to independently verify the rent roll, leases, income, expenses, improvements, permits, storage uses, property condition and all other facts and figures.

316 E Vogel Avenue, Phoenix

Courtesy of Gerchick Real Estate. 602-688-9279

$903,000
6739259 MLS
This is leased on an ABSOLUTE NNN Lease-The Tenant pays 100% of all expenses! All Utilities All Property Taxes All Maintenance All Insurance All Landscaping All EXPENSES Welcome to 316 E Vogel, a meticulously maintained triplex offering an incredible investment opportunity with its blend of modern amenities and classic charm. This unique property consists of two spacious three-bedroom units and a cozy studio, all designed to cater to a variety of living needs. With recent upgrades, a beautiful common BBQ area, and potential for additional income from rentable storage space, this property is a standout choice for investors. See Virtual Tour and Additional Comments This is leased on an ABSOLUTE NNN Lease-The Tenant pays 100% of all expenses! All Utilities All Property Taxes All Maintenance All Insurance All Landscaping All EXPENSES Welcome to 316 E Vogel, a meticulously maintained triplex offering an incredible investment opportunity with its blend of modern amenities and classic charm. This unique property consists of two spacious three-bedroom units and a cozy studio, all designed to cater to a variety of living needs. With recent upgrades, a beautiful common BBQ area, and potential for additional income from rentable storage space, this property is a standout choice for investors. Property Highlights: Two-Story House: Appliances: Enjoy the convenience of a brand new Kitchen Aid dishwasher, GE microwave, stove, and refrigerator, all replaced in mid-July 2024. Please note that no warranties are provided. Laundry: Equipped with a gas washer and dryer for added convenience. Recent Upgrades: Interior repainted, enhancing the home's fresh appeal ($2,000). Stair carpet and baseboards have been updated with stylish laminate flooring ($1,800). New blinds installed throughout for added privacy and style ($500). Exterior freshly painted to boost curb appeal ($1,800). Modern appliances replaced ($1,200). One-Story House: Appliances: Features the same high-quality Kitchen Aid and GE appliances, updated in mid-July 2024, with no warranties. Laundry: Includes a gas washer and dryer. Recent Upgrades: Newly repainted interior ($1,800). Updated blinds throughout ($800). Exterior painting completed to ensure a welcoming exterior ($1,800). Appliances replaced for tenant comfort ($1,200). Casita: Appliances: Outfitted with a new Kitchen Aid dishwasher, GE gas stove, microwave, and refrigerator, all installed in mid-July 2024, with no warranties. Recent Upgrades: Interior repainted to refresh the space ($1,200). New blinds throughout for an elegant touch ($200). All flooring and baseboards replaced for a modern look ($4,200). Cabinets repaired and repainted for a like-new appearance ($800). Appliances replaced to ensure reliability and functionality ($1,200). On-Site Features: Storage Options: Two large grey storage sheds behind the Casita and one large permanent shed, offering the opportunity to rent for additional income. All contents will be cleared before closing. Beautiful Common BBQ Area: Perfect for entertaining and enjoying Arizona's sunny weather. Site Improvements: Brick and walkway repairs completed for safety and aesthetics ($1,000). Landscaping and trimming enhance the property's natural beauty ($2,500). Financial Summary: Total Capital Expenditures (Last 3 Months): $24,000 Two-Story House: $7,300 One-Story House: $5,600 Casita: $7,600 On-Site Improvements: $3,500 316 E Vogel offers a unique combination of comfort, convenience, and income potential, making it an excellent choice for investors seeking a property with minimal upkeep and maximum returns. With its strategic location and recent enhancements, this triplex is ready to deliver a great living experience for tenants and a profitable investment for its new owner. Don't miss this opportunity to own a versatile property in a thriving community! Buyer to verify all facts and figures.

316 E Vogel Avenue, Phoenix

Courtesy of Gerchick Real Estate. 602-688-9279 Selling Office: Gerchick Real Estate.

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Tengen Place | Phoenix, AZ Homes for Sale

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