1337 E Polk Street, Phoenix, AZ 85006

$4,300,000
List Price
$4,300,000
Days on Market
57
Status
ACTIVE
MLS#
6327872
City
Phoenix
Lot Size
10
Year Built
2022

Property Description

Polk Bungalows, a currently under construction, boutique 10-unit single family built to rent community situated on a one half acre parcel in Downtown Phoenix, Arizona. This one-of-a-kind property featuring tastefully designed, modern architecture by Aaron Bass of Stance Architecture is located in the rapidly gentrifying historic district of Garfield, minutes away from and 1 mile walking distance to both Downtown Phoenix and nationally recognized Roosevelt Row Arts District - contributing to a high rental demand and strong tenant base for this vibrant urban infill location. The property consists of a single freestanding 1,378 square foot historic house originally built in 1900 offering 2 bedrooms and 2 baths, and currently being rebuilt from the inside out with modern amenities and high end finishes, as well as 9 modern and sleek casita bungalows offering 1 bedroom 1.5 bath spacious floor plans with 884 square feet. Polk Bungalows will provide an attractive and coveted urban rental experience with unique architectural features of: expansive floor to ceiling windows and doors, ground concrete floors, modern finishes and fixtures throughout, vegetation walls, and private patio spaces. Construction is scheduled to be completed by the end of February 2022, with the property manager set to begin pre-leasing in January 2022.

Additional Information

Elementary School
Kenilworth Elementary School
High School
Central High School
Middle School
Whittier Elementary School - Phoenix
School District
210 - Phoenix Union High School District
Construction
Block, Frame - Wood
Cooling
Electric, Heat Pump, Individual
Electric
APS
Exterior Amenities
Desert Landscaping, Landscape Wtr System, Partially Fenced, Patio/Balcony
Finish
Painted, Stucco
Floors
Concrete, Vinyl
Gas
None
Guest House SqFt
14
Heating
Electric, Individual
Interior Amenities
Fire Sprinklers, Fire/Smoke Alarm(s)
Lot Size
10
New Financing
1031 Exchange, Conventional, No Carry, Other (See Remarks)
Parking
>1 Space Per Unit, 1 Space/Unit, Assigned, Carport, Street Parking
Project Type
5 - 12 Units
Roofing
Comp Shingle, Metal
Sewer
Sewer - Public, Sewer-In & Connected
Pool
Yes
Taxes
$3,312
Tenant Pays
Electric, Sewer, Trash, Water
Units
10
Water
City Franchise, Master Meter
Zoning
R-5, HP

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Urban Luxe Real Estate.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.