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2502 N Richland St, Phoenix, AZ 85006
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2502 N Richland St, Phoenix, AZ 85006
Sold for $640,000
2502 N Richland St, Phoenix, AZ 85006
Sold for $640,000
2502 N Richland St, Phoenix, AZ 85006
2502 N Richland St, Phoenix, AZ 85006
2502 N Richland St, Phoenix, AZ 85006
2502 N Richland St, Phoenix, AZ 85006

2502 N Richland St Phoenix, AZ 85006

$640,000

CLOSED
Beds
Baths
0
Sqft
Year
1935
Close Date
Dec 27, 2021
Property Type
Multiple Dwellings
Sub Type
Date Listed
Oct 15, 2021

Description of 2502 N Richland St, Phoenix, AZ 85006

Listing details for 2502 N Richland St, Phoenix, AZ 85006 : Value add investment opportunity! 100% occupied SFR plus 2 separate 1BR/1BA apartments. Current owner has not increased rents for nearly a decade. Actual NOI of $31K with legitimate $38K proforma based on current comparable market rents (that's if anything was available for rent). Super well located in desirable Coronado Historic District on large corner lot with dual street access to separate parking for SFR vs Apartments. Rare City of Phoenix [R-3] Multiple Family Residence Zoning. ''Craftsman'' style home built in 1935 with many updates retains the original period quality and charm. Tenant Rights -call listing agent for more information.
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Listing Updated : 04-29-2026 at 8:53 AM MST
Listing Provided By : Douglas A da Costa, 602-430-3788, RE/MAX Excalibur

Properties displayed may be listed or sold by various participants in the MLS

Source :

ARMLS, MLS#: 6307712

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

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Property History

DateEventPrice
12/27/2021
Sold
$640,000 -7.1%
Source:ARMLS #6307712
10/15/2021
Listed for sale
$689,000
Source:ARMLS #6307712

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2502 N Richland St, Phoenix, AZ 85006