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Sold on 02/10/2016

208 E Virginia Ave, Phoenix, AZ 85004

  • $550,000

    Last sold 02/10/2016 after 22 Hours

  • 10

    bed

  • 8

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 208 E Virginia Ave

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
Property description
WOW amazing location in central Phoenix!!! Amazing value add in such a great location!!!! Seller is motivated bring your offer's now!!! The current rents for the ones are 550 and the two bedroom for 650 and 3 bedroom for 700. This a great value add for raising the rents in this location. Way below market rents. If you remodel units you can raise rents! Almost a 9% cap on proforma rents. This location can't be beat! Seller may carry as well. All facts and figures are approximate buyer verify MLS info. Drive by only
Listed by
Listing Agent - Sophia J. Baron
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#5396736 • last updated 9 years ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Central Air, Ceiling Fan(s), Electric, Heat Pump, Individual
Heating Individual, Central, Heat Pump, Electric
MLS # 5396736
Type Multiple Dwellings
Status Closed
Property Tax 2377
Year Built 1961
Interior
Flooring Other, Ceramic Tile, Concrete
Appliances Built-In Range, Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Painted, Block
Parking Paved, Free, >1 Space Per Unit, On Street, Carport
# of Open Parking Spaces 3
# of Covered Spaces 5
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School Encanto School
Elementary School District Phoenix Elementary District
High School District Phoenix Union High School District
APN 118-44-095
Zoning R4
Directions Head N On 3rd Street, Then Turn Left Onto Virginia Ave 1 Mile Down.
Multifamily Details
Total # of Units 7
Expense: Operating 18854
Financial Data Source Projected Proforma
Expense: Maintenance 3000
Vacancy Allowance 0.05
Expense: Insurance 2200
Net Operating Income 46623
Gross Income 57570
Expense: Electric 600
Expense: Other 2377
Expense: Trash 1500
Expense: Professional Management 3000
Expense: Water/Sewer 3500
Gross Scheduled Income 60600
Expense: Gardener 300
We are not permitted to show value estimates for this property.
  • Jun 2021
    Public Records
  • Jun 18, 2021 Sold
    $1,575,000 (+186.4%)
  • Feb 2016
    mls logo MLS # 5396736
  • Feb 10, 2016 Sold
    $550,000
  • Feb 10, 2016 Listed
    $550,000 (+77.4%)
  • May 2003
    Public Records
  • May 30, 2003 Sold
    $310,000
  • 208 E Virginia Ave
    $550K
  • Ashland Place
    $515K -23% y/y
  • 85004
    $499K 0% y/y
  • Phoenix
    $465K -2% y/y
No chart available
Statistics calculated by Movoto

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4/10
Clarendon School
public Grades PK, K-8
Osborn Elementary District
4/10
Encanto School
public Grades PK, K-8
Osborn Elementary District
4/10
Osborn Middle School
public Grades 7-8
Osborn Elementary District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
Central High School
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85004
  • Ashland Place
  • 208 E Virginia Ave
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