$297,000
Phoenix, AZ 85020
MLS# 5586133
Status: Closed
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Property Description
TRADITIONAL SALE! Great opportunity for a savvy investor or someone ready to get their feet wet in real estate investing ... OR, live in one unit & rent out the other three! Owner just replaced carpet in the two bedroom unit-both bedrooms. Unit four's rent has increased another $70.00 per month-easily. More room to raise rents! Block construction, new roof in 2011, each unit individually metered for electric & Gas, This is a great building and nicely fenced in for privacy. These units have been well maintained. This building has three one bedroom units and one 2 bedroom unit. Good cash flow opportunity. This one won't last ... make your move today! Buyer to Verify all facts, figures Etc prior to COE. See Document Tab for more info. Owner has added Stackable Washer and Dryers! Tenants love
Details
Maps
Documents
Contract Info
Current Price: $297,000
Sold Price: $297,000
Status: Closed
List Date: 2017-04-06
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: M34
House Number: 811
Compass: E
Street Name: Carol
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 2192
Country: USA
County Code: Maricopa
Legal Description (Abbrev): E2 FOL DESC PROP BEG 350F S & 70F E OF NW COR W2 SE4 NW4 SW4 TH S 135F TH E 132F TH N 135F TH W 132
Assessor's Map #: 37
Assessor's Parcel #: 86
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 159-37-086-A
Legal: E2 FOL DESC PROP BEG 350F S & 70F E OF NW COR W2 SE4 NW4 SW4 TH S 135F TH E 132F TH N 135F TH W 132
Census Tract: 104701
Tax Municipality: Phoenix
Taxes: 1189
Tax Year: 2016
Marketing Name: Fourplex
General Property Description
Lot Size Dimensions: 66X130
Year Built: 1981
Uncvrd Parking Spcs: 5
Total # of Units: 4
# of Buildings: 1
Zoning: R-4
Elementary School: Sunnyslope Elementary School
Jr. High School: Sunnyslope Elementary School
High School: Sunnyslope Elementary School
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 7th ST & Dunlap
Directions: North on 7th ST past Hatcher Rd. to Carol Ave, East on Carol Ave to Property, Property on south side of street.
Geo Lat: 33.572026
Geo Lon: -112.06252
Status Change Info
Status Change Date: 2017-08-07
Off Market Date: 2017-06-29
Under Contract Date: 2017-06-29
Close of Escrow Date: 2017-08-07
Sold Price: $297,000
Legal Info
Township: 3N
Range: 3E
Section: 28
Block: 1011
Income & Expenses
Annual Ins Exp: 1200
Annual Landscape Exp: 800
Annual Maint Exp: 800
Annual Mgmt Exp: 2000
Annual Trash Exp: 400
Annual Wtr/Swr Exp: 2400
Owner Association: No
Operating Exp: 8789
Gross Annual Sch Inc: 34500
Vacancy Allowance: 0.03
Adjusted Gross Inc: 33465
Totl Mnth Rntal Inc: 2850
Net Operating Income: 24646
Pmt & Rate Info
Cap Rate: 8.35
Equity: 295000
Assessment Bal Yrs: 29
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 695
Avg SqFt: 493
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 750
Avg SqFt: 662
# Baths: 1
Contact Info
List Agent Home Phn: 602-688-9279
Sold Info
Loan Type: VA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 2150
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Carpet
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Amenities: No Pool; Play Area
Exterior Amenities: Landscape Wtr System; Green Landscaping; Fenced; Partially Fenced; Cable TV Available; Separate Storage; Security Light(s)
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer
Heating: Natural Gas
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Street Parking; >1 Space Per Unit; Free
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma; Books Shwn Accpt Ofr
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear; Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
SPDS and RES 1-4 Add to the SPDS Listing Office: Gerchick Real Estate
Last Updated: August - 08 - 2017
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