Tengen Place Addition Real Estate

Welcome to Tengen Place Addition, a hidden gem nestled in the vibrant heart of Phoenix, Arizona. This charming subdivision offers residents a unique blend of suburban tranquility and urban convenience, making it an ideal place to call home. With its picturesque streets and welcoming atmosphere, Tengen Place Addition is perfect for families, young professionals, and retirees alike.

Located in the thriving Maricopa County, Tengen Place Addition boasts close proximity to some of Phoenix’s finest amenities. Residents enjoy easy access to a plethora of shopping, dining, and entertainment options. The nearby Desert Sky Mall and Westgate Entertainment District provide endless opportunities for retail therapy and family fun. For outdoor enthusiasts, the region is dotted with beautiful parks and recreational areas, including the scenic South Mountain Park, where you can hike, bike, and soak in breathtaking desert views.

The subdivision itself features a variety of well-maintained homes, each showcasing unique architectural styles that reflect the warmth and charm of the Southwest. The community is characterized by its friendly neighbors and a strong sense of community spirit. With well-established schools and access to quality healthcare, Tengen Place Addition is not just a place to live; it’s a place to thrive.

Whether you’re looking to settle down or invest in a promising area, Tengen Place Addition offers a perfect blend of comfort, convenience, and community. Come and discover the beauty of this delightful subdivision and experience the vibrant lifestyle that awaits you in Phoenix!

$845,000

7 Beds ⋅ 404 Baths ⋅ 6935184 MLS

100% occupied - immediate income from all three residences Three-unit property - two three-bedroom units plus one casita $4,995 in total scheduled monthly income $19,219.29 in seller-reported recent improvements New 125-amp electrical panel and service upgrades Updated kitchens and bathrooms with attractive finishes Interior paint, doors, hardware, lighting and ceiling-fan improvements Individual washer and dryer in each unit Private residential setting with a shared BBQ and gathering area Strong North Phoenix location with established rental demand R-3 zoning on approximately 13,375 square feet of land Turnkey investment opportunity offering current stability and long-term potential Welcome to 316-322 E Vogel Ave, a fully occupied North Phoenix triplex offering immediate income, a desirable residential layout and substantial recent improvements. The property consists of two spacious three-bedroom residences plus one casita, providing a diversified unit mix that appeals to a broad tenant base. The current rent roll reflects $4,745 in monthly base rent plus $250 in utility and pet fees, producing total scheduled income of $4,995 per month, or $59,940 annually. All three residences are currently occupied, allowing an investor to acquire an income-producing property without an initial lease-up period. PROPERTY HIGHLIGHTS " Fully occupied three-unit investment " Two three-bedroom residences plus one casita " Approximately 3,691 square feet of building area " Approximately 13,375 square feet of land " R-3 multifamily residential zoning " Individual residential buildings offering tenants added privacy " Individual laundry facilities " Shared outdoor BBQ and gathering area " Convenient North Phoenix location within the 85020 ZIP code RECENT PROPERTY IMPROVEMENTS The most recent seller-provided capital-improvements summary reports $19,219.29 in repairs and upgrades. Improvements include: " New 125-amp electrical panel and electrical-service improvements " Interior repairs, texture and two-tone paint " Interior doors, closet doors, locks and hardware " Window repairs and replacement blinds " Kitchen cabinet refinishing, faucets, hardware and related improvements " Bathroom mirrors, accessories, fixtures and tub refinishing " Updated lighting and ceiling fans " Smoke and carbon-monoxide detectors " Garage motor and remote replacement " Sliding-door and closet improvements " General cleaning, safety and property-condition improvements The residences also feature updated kitchens and bathrooms, modern appliances, refreshed interiors and a combination of attractive tile and updated flooring. OUTDOOR AND STORAGE FEATURES A shared outdoor BBQ and gathering area provides residents with a comfortable space to relax and enjoy Arizona's outdoor lifestyle. Mature trees, shaded areas, brick walkways and low-maintenance landscaping contribute to the property's residential character. The property also includes two large gray storage sheds behind the casita and one permanent storage structure. These structures may provide additional storage utility or potential ancillary income, subject to buyer verification, lease terms and applicable municipal requirements. Seller has indicated that stored contents will be removed before closing. INVESTMENT OPPORTUNITY 316-322 E Vogel Ave combines full occupancy, three separate living environments, an established income stream and recent capital improvements. The mix of two three-bedroom units and one casita provides diversification while the separate-building configuration offers residents privacy that is uncommon in many small multifamily properties. This property may be well suited for an investor seeking an occupied North Phoenix multifamily asset with recent improvements and long-term income potential. Buyer to independently verify the rent roll, leases, income, expenses, improvements, permits, storage uses, property condition and all other facts and figures.

316 E Vogel Avenue, Phoenix

Tengen Place Addition Real Estate

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