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Sold on 03/19/2024

710 E Palm Ln, Phoenix, AZ 85006

  • $3,300,000

    Last sold 03/19/2024 after 172 Days

  • 9

    bed

  • 7

    bath

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

About 710 E Palm Ln

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Property description
Coronada Historic Neighborhood amazing 12 unit fully furnished property. Great opportunity for short or long term rentals. All units where updated in 2021 and 2022. From AC units to flooring. This is a great turn key opportunity located in the central corridor downtown. Located between 7th street & 16th street from Thomas to McDowell. Easy access to freeways, ASU downtown, UofA, Creighton University campuses and all the downtown experiences. This courtyard apartment complex is a true community driven property. Added value is the vacant lot for future development.
Listed by
Listing Agent - Michael Snitz
Listing Office - eXp Realty
Source: ARMLS mls logo
MLS#6615541 • last updated 1 year ago
Movoto checked ARMLS for data 3 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Electric, Individual
Heating Individual, Electric
MLS # 6615541
Type Multiple Dwellings
Status Closed
Property Tax 8869
Year Built 1963
Interior
Flooring Vinyl, Concrete
Appliances Refrigerator
Exterior
Roof Composition
Construction Wood Frame, Painted, Stucco, Block
Parking Paved, Free, On Street
# of Open Parking Spaces 6
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision LOS OLIVOS HEIGHTS
Community Features Barbecue, No Pool
Elementary School Emerson Elementary School
Elementary School District Phoenix Elementary District
Middle School Emerson Elementary School
High School District Phoenix Union High School District
High School North High School
APN 117-31-120-A
Zoning R-4
Directions At 7th Street And Palm Lane Head East And Property Is On The NE Corner Of 8th Street And Palm Lane
Multifamily Details
Total # of Units 12
Expense: Operating 47214.84
Financial Data Source Owner
Expense: Maintenance 17707
Net Operating Income 197585.16
Gross Income 244800
Expense: Electric 8032.8
Expense: Fuel 377.36
Expense: Professional Management 3380.86
Expense: Water/Sewer 5022.82
Gross Scheduled Income 244800
Expense: Gardener 3825
We are not permitted to show value estimates for this property.
  • Mar 2024
    mls logo MLS # 6615541
  • Mar 19, 2024 Sold
    —
  • Feb 16, 2024 Pending
    —
  • Feb 16, 2024 Sold
    $3,300,000
  • Jan 2, 2024 Active
    —
  • Sep 29, 2023 Listed
    $3,300,000
  • 710 E Palm Ln
    $3.3M
  • Coronado
    $550K -5% y/y
  • 85006
    $490K -1% y/y
  • Phoenix
    $469K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Ralph Waldo Emerson Elementary School
public Grades PK, K-8
Phoenix Elementary District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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