$321,000
Gilbert, AZ 85234
MLS# 5585891
Status: Closed
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Property Description
From the Patio see the nearby Historic Downtown Gilbert! Community has an HOA which includes the common area, sewer, water, and trash. Units are individually metered for electric. Includes (2) 3BD/2BA Units. Rents are easily raised. Property is FULLY occupied! There is still room to raise the rents higher. Here is an opportunity to own a 3 bedroom duplex with newer construction and in an AMAZING location! If this Property is showing ACTIVE this means that it is available. See Document tab for CURRENT RENT ROLE and Year to Date operating numbers. Buyer to verify all financials, zoning, measurements and all items of concern prior to Close.
Details
Maps
Documents
Contract Info
Current Price: $321,000
Sold Price: $321,000
Status: Closed
List Date: 2017-04-05
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R40
House Number: 36
Compass: E
Street Name: VAUGHN
St Suffix: Avenue
Unit #: 1
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85234
Zip4: 5755
Country: USA
County Code: Maricopa
Building Number: #1
Legal Description (Abbrev): LOT 1 VAUGHN MANOR CONDOMINIUM AMD MCR 076126
Subdivision: VAUGHN MANOR CONDOMINIUM AMD
Assessor's Map #: 11
Assessor's Parcel #: 366
Add'l Parcels: No
Assessor Number: 304-11-366
Legal: LOT 1 VAUGHN MANOR CONDOMINIUM AMD MCR 076126
Census Tract: 422402
Tax Municipality: Phoenix
Taxes: 2016
Tax Year: 1431
Marketing Name: Vaughn Manor
General Property Description
Lot Size Dimensions: 2,723
Year Built: 2005
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: 1
Zoning: Multi
Elementary School: Burk Elementary School
Jr. High School: Mesquite Elementary School - Gilbert
High School: Gilbert High School
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Remarks & Misc
Cross Street: W Elliot Rd and N Gilbert Rd
Directions: North on Gilbert Rd, East on Vaughn Ave, North on Elm St to Property.
Geo Lat: 33.35631
Geo Lon: -111.788026
Status Change Info
Status Change Date: 2017-10-20
Off Market Date: 2017-07-26
Under Contract Date: 2017-07-26
Close of Escrow Date: 2017-10-19
Sold Price: $321,000
Legal Info
Township: 1S
Range: 6E
Section: 7
Lot Number: 1
Income & Expenses
Annual Ins Exp: 1300
Annual Maint Exp: 1000
Annual Mgmt Exp: 1169
Owner Association: Yes
Annual Ownr Asoc Fee: 2880
Operating Exp: 8365
Gross Annual Sch Inc: 24000
Vacancy Allowance: 0.03
Adjusted Gross Inc: 23280
Totl Mnth Rntal Inc: 2000
Net Operating Income: 14885
Pmt & Rate Info
Cap Rate: 4.45
Equity: 334500
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1025
Avg SqFt: 1146
# Baths: 2
Contact Info
List Agent Home Phn: 602-688-9279
Sold Info
Loan Type: Conventional
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Duplex
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Vinyl; Carpet
Sale Includes: Land & Building; Personal Property
Community Amenities: No Pool; Play Area; Barbecue
Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds; Breakfast Bar
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; W/D Hookup
Heating: Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking: Carport; >1 Space Per Unit; Add'l Parking Avail; Assigned; Paved Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s)
Owner Pays: Other; See Remarks
Tenant Pays: Water; Electric; Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma; Books Shwn Accpt Ofr
Special: Owner/Agent
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible
Environmental: None
CCRs Listing Office: Gerchick Real Estate
Last Updated: October - 09 - 2018
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