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316 E VOGEL Avenue, Phoenix, AZ 85020
Overview
Description
Supplements: ... (Read more) 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.
Listing Details MLS# 6935184
Location, Tax & Legal
- House Number
- 316
- Compass
- E
- Street Name
- VOGEL
- St Suffix
- Avenue
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85020
- Zip4
- 2049
- Country
- US
- County Code
- Maricopa
- Subdivision
- TENGEN PLACE ADDITION
- Assessor Number
- 159-45-070
- Tax Year
- 2025
- Assessor's Map #
- 45
- Legal Description (Abbrev)
- TENGEN PLACE ADD PT LOT 4 BLK F W 98.82'
- Assessor's Parcel #
- 70
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 104600
- Taxes
- 6958
- Legal
- TENGEN PLACE ADD PT LOT 4 BLK F W 98.82'
- Marketing Name
- Triplex
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- irr
- Year Built
- 1939
- Uncvrd Parking Spcs
- 7
- Total # of Units
- 3
- # of Buildings
- 3
- Zoning
- [R-3] Multiple
- Flood Zone
- TBD
- High School District
- Glendale Union High School District
Remarks Misc
- Cross Street
- Mountain View and 7th Street
- Directions
- From E Mountain View Rd Turn left onto N 7th St Turn right onto E Vogel Property is on the North side of the Street. Drive by only
Legal Info
- Township
- 3N
- Range
- 3E
- Section
- 29
- Lot Number
- 4
Efficiency Units
- # Efficiency Units
- Yes
- Avg Rent
- 750
- Avg SqFt
- Yes
- # Baths
- 400
More Information
3 Bedrooms Units
- # 3 Bedroom Units
- 2
- Avg Rent
- 2100
- Avg SqFt
- 1650
- # Baths
- 2
Structure
- Bedrooms Total
- 7
- Bathrooms Total
- 404
Income Expenses
- Gross Annual Sch Inc
- 59940
- Net Operating Income
- 48191
Showing Notification Methods
- Showing Service
- Aligned Showings
- Text
- Yes
- Yes
- Phone Call
- Yes
Project Type
- Tri-Plex
- Yes
1 Bedroom Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Other Type
- House + Rental Units
- Yes
Construction
- Wood Frame
- Yes
- Brick
- Yes
Const - Finish
- Painted
- Yes
- Siding
- Yes
- Other (See Remarks)
- Yes
Roofing
- Composition
- Yes
Floors
- Ceramic Tile
- Yes
- Carpet
- Yes
- Other
- Yes
Sale Includes
- Land & Building
- Yes
- Personal Property
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 3285
- Annual Landscape Exp
- 600
- Annual Maint Exp
- 750
- Annual Mgmt Exp
- 3336
- Annual Wtr/Swr Exp
- 3600
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 18529
- Other Income
- 2700
- Vacancy Allowance
- 0.03
- Adjusted Gross Inc
- 2619
Pmt & Rate Info
- Cap Rate
- 5.7
- Equity
- 845000
- Down Payment %
- 25
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- Other
- Yes
- See Private Remarks
- Yes
- None
- Yes
Community Features
- No Pool
- Yes
- Barbecue
- Yes
Heating
- Heat Pump
- Yes
- Electric
- Yes
- Individual
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Heat Pump
- Yes
- Individual
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Desert Landscaping
- Yes
- Fenced
- Yes
- Curb(s) & Gutter(s)
- Yes
- Cable TV Available
- Yes
- Patio/Balcony
- Yes
- Separate Storage
- Yes
- Security Light(s)
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
- W/D Hookup
- Yes
Road Access Type
- City Street
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
- Books Shwn Accpt Ofr
- Yes
- Other (See Remarks)
- Yes
Road Responsibility
- City Maintained Road
- Yes
Water Source
- City Franchise
- Yes
- Individual Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Free
- Yes
- On Street
- Yes
- >1 Space Per Unit
- Yes
- Paved
- Yes
- Add'l Parking Avail
- Yes
Electric
- APS
- Yes
- Individual Meter
- Yes
Gas
- SW Gas
- Yes
- Individual Meter
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Gas
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- No Carry
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
- APOD/Backup Avaible
- Yes
- Sch of Personal Prop
- Yes
- Other (See Remarks)
- Yes
Environmental
- None
- Yes
Property Features