$3,775,000
$4,275,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/15/2021
Key Details
Sold Price $3,775,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Camel Square
MLS Listing ID 6042037
Sold Date 04/15/21
Maintenance Fees $4,500
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1949
Annual Tax Amount $3,015
Tax Year 2019
Lot Dimensions 58,800
Property Description
5624-5646 N 6th St
Renovated in 2020, The Madison boasts mid-century art deco style
architecture modernized to fit the young professional tenant base the
property now attracts. Given its location in the sought after Uptown Central
Phoenix Corridor, its walking distance from some of Phoenix's hottest
new restaurants, cafes and social spots and detailed scope of remodel,
which includes almost $700,000 in total Capital Improvement costs, The
Madison provides a remarkable opportunity for immediate value along with
considerable future upside potential.
Built in 1952 of block construction, pitched roofs, art deco windows and front
and rear entryways, The Madison is a prime example of Phoenix historical
architecture and charm reinvigorated to match today's market of multifamily.
Location
State AZ
County Maricopa
Community Camel Square
Zoning R-3
Direction South to Montebello. West to 6th St. South to property
Interior
Heating Natural Gas
Cooling Individual
Flooring Vinyl, Wood
Appliance BI Oven/Range, Microwave
Exterior
Parking Features Paved Parking, <1 Space Per Unit, Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 38
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Madison Elementary School
Middle Schools Madison Meadows School
High Schools Central High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 162-35-021
Acceptable Financing Other (See Remarks), Conventional, 1031 Exchange
Listing Terms Other (See Remarks), Conventional, 1031 Exchange
Financing Conventional
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Bought with Non-MLS Office