$4,275,000 5624 N 6th Street Phoenix, AZ

MLS: 6042037   Type: Multi-Family   County: Maricopa   City: Phoenix   Neighborhood: Camel Square   Zip: 85012     Taxes: $3,015

Mortgage $20,070 /mo



Half Baths

Sqr Footage

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5624-5646 N 6th St Renovated in 2020, The Madison boasts mid-century art deco stylearchitecture modernized to fit the young professional tenant base theproperty now attracts. Given its location in the sought after Uptown CentralPhoenix Corridor, its walking distance from some of Phoenix's hottestnew restaurants, cafes and social spots and detailed scope of remodel,which includes almost $700,000 in total Capital Improvement costs, TheMadison provides a remarkable opportunity for immediate value along withconsiderable future upside potential.Built in 1952 of block construction, pitched roofs, art deco windows and frontand rear entryways, The Madison is a prime example of Phoenix historicalarchitecture and charm reinvigorated to match today's market of multifamily.

Elementary School

Middle School

High School

Distance: N/A Miles
Madison Meadows School
Distance: N/A Miles
Distance: 1.16 Miles

Price History

2/26/2020 Listed $4,275,000

1 Bedroom Units: Avg Rent 1295.00
2 Bedroom Units: Avg Rent 1495.00
3 Bedrooms Units: Avg Rent 1595.00
3 Bedrooms Units: Avg Sqft 950
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
Construction Block
Cooling Individual
Electric SRP
Elementary School Madison Elementary School
Exterior Features Green Landscaping, Landscape Wtr System, Separate Storage
Features No Pool
Heating Gas
High School Central High School
Interior Features Unfurnished
Map Code/Grid N34
Middle School Madison Meadows School
Net Income 240759.00
New Financing 1031 Exchange, Conventional, Other (See Remarks)
Owner Pays Sewer, Trash Collection, Water
Parking <1 Space Per Unit, Carport, Paved Parking
Property Type F
Public Remarks 5624-5646 N 6th St Renovated in 2020
Roof Comp Shingle
School District 038 - Madison Elementary District
Sewer Sewer - Public
Status Active
Subdivision CAMEL SQUARE
Tenant Pays Sewer, Trash, Water
Water City Franchise
Year Built 1949
Zoning R-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 11
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 628
2 Bedroom Units: # 2 Bedroom Units 6
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 900
3 Bedrooms Units: # 3 Bedroom Units 1
3 Bedrooms Units: # Baths 2
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included BI Oven/Range, Microwave
Floors Vinyl/Composition, Wood
Gas SW Gas
Total Number of Units 18.00

Exterior Features

Const - Finish Painted
Covered Parking Spcs 18.00
Lot Size Dimensions 58, 800
Total Parking Spcs 38.00

Property Schools

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Gallery (17 photos)

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Property vs Zip Code Avg (85012)

Price 4.27M Avg 4.27M

Sqr Feet 13,258 Avg 13,258

Cost / Sqr Ft $322 Avg $322

Taxes $3,015 Avg $3,015

Visits 1,595 Avg 1,589

Days on Site 329 Avg 329

Walkscore® 75 Avg 75

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Taylor Street Realty Services

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Location & Address

Quantum of Arizonas, REALTORS
34406 N 27th Drive #140
Phoenix, AZ