1310 E Madison St Phoenix, AZ 85034

Listing details for 1310 E Madison St, Phoenix, AZ 85034 : This turn-key Fourplex is fully stabilized and generates over $47k in yearly gross revenue! High quality tenants have been placed by professional management and are all paying rent. It is located a couple blocks from Downtown Phoenix and only steps away from the Washington/Jefferson light rail stations. It was gutted and fully renovated in 2016 including new roof, four new full size A/Cs, new electric panel/wiring, new HW heaters, as well as all new windows, flooring, kitchens, baths, paint, trim, and much more. Each kitchen features full size stainless steel appliances incl. built in range, microwave, dishwasher, & disposal. Each unit also has built in washer/dryer combos. Tenants love the abundance of off street parking, along with dusk/dawn security lighting and full perimeter fencing. First time investors and out of state buyers would be the perfect fit for this stable Phoenix multifamily property. Two units are currently month-to-month, so it would also work well for an owner occupant using FHA or VA financing. A savvy owner may also convert one or more of the units to short term Airbnb rentals to capitalize on the proximity to downtown Phoenix and all it has to offer (Suns, Diamondbacks, light rail, museums, and the convention center).