This charming historical triplex with R-5 zoning is seated in the heart of the Grand Avenue Arts District, and is a special and rare opportunity for an investor, or an owner occupant, to plant roots in a community that is both vibrant, and growing. 1320 W Fillmore is walking distance from the main Grand Ave art walk street full of galleries, restaurants, unique retail stores, makers' studios, salons, and boutiques.
This 1920s built bungalow features historical details that make it stand out, including 10 ft ceilings, a deep front porch visiting area, beautiful original pine hardwood flooring, cast iron claw foot tub, paneled hardwood doors with original hardware, and historic sash windows t/o. Modernized upgrades and updates include totally updated electrical and plumbing, newer roof (2020), stainless steel appliances, newer insulation (2012), newer Trane AC unit (on Unit A, other HVACs are serviced regularly), ceiling fans, breeze security doors, stainless steel countertops, gas range (Unit B), pantry storage and kitchen island (Unit B), walk-in closets, newer water heater, and dedicated, secured on-site laundry room that all tenants share. The property currently has 6 on property parking spaces, on a 9,345 sq ft lot, with plenty of room to add additional parking, storage, or other units if desired. Each unit is individually metered for electrical, and the landlord pays water, sewer and trash (around $135 a month). Unit B is the sole unit with gas, and pays for their own usage. There is also a locking, secured mailbox on site for each tenant. Units A and B are downstairs with similar footprints (589sf, and 596sf respectively), however Unit A has an additional office/pass through bedroom. Unit C is a upstairs modern loft style 559sf studio with incredible view of the Phoenix skyline. All tenants are on month to month leases. If you have ever considered starting a rental portfolio, or expanding the one you already have, this one would make an exceptional, unique addition for any investor!