$735,000
Phoenix, AZ 85029
MLS# 6311576
Status: Closed
1 / 1
Property Description
Nicely kept all 2 bedroom Triplex, One tenant in place w/M-T-M lease. Two vacant on LB but all have been redone. New Roofs, New Dual Pane Windows-Did I forget the new landscaping, and NEW AIR CONIDTIONERS as well as Quartz Countertops. Private rear yards and gated entry. Owner owned Laundry for additional Income~Buyer to verify all facts and figures,
Details
Maps
Contract Info
Current Price: $735,000
Sold Price: $735,000
Status: Closed
List Date: 2021-10-23
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: M34
House Number: 10827
Compass: N
Street Name: 18TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 5797
Country: USA
County Code: Maricopa
Legal Description (Abbrev): DESERTCOVE EXTENSION LOT 6 N 62F OF S 124F OF W2 EX W 25F RD
Subdivision: DESERT COVE EXTENSION LOTS 1-4, 13-20, 29-32
Assessor's Map #: 13
Assessor's Parcel #: 16
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 159-13-016-C
Legal: DESERTCOVE EXTENSION LOT 6 N 62F OF S 124F OF W2 EX W 25F RD
Census Tract: 103615
Tax Municipality: Phoenix
Taxes: 1105
Tax Year: 2021
Marketing Name: Triplex
General Property Description
Lot Size Dimensions: Irr
Year Built: 1971
Uncvrd Parking Spcs: 5
Total # of Units: 3
# of Buildings: 1
Zoning: R-3
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 19th Ave and Desert Cove
Directions: From 19th Ave go East to 18th Ave and turn south on 18th Ave to Property. Property is on the right side of the street.
Geo Lat: 33.58506
Geo Lon: -112.097281
Status Change Info
Status Change Date: 2022-01-05
Off Market Date: 2021-11-30
Under Contract Date: 2021-11-30
Close of Escrow Date: 2022-01-04
Sold Price: $735,000
Legal Info
Township: 3N
Range: 3E
Section: 19
Lot Number: 6
Income & Expenses
Annual Elec Exp: 200
Annual Ins Exp: 1385
Annual Landscape Exp: 300
Annual Maint Exp: 300
Annual Mgmt Exp: 3617
Annual Wtr/Swr Exp: 1835
Owner Association: No
Operating Exp: 8742
Gross Annual Sch Inc: 46220
Other Income: 700
Vacancy Allowance: 0.03
Adjusted Gross Inc: 45512.4
Totl Mnth Rntal Inc: 3885
Net Operating Income: 36785
Pmt & Rate Info
Cap Rate: 5
Equity: 735000
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1295
Avg SqFt: 700
# Baths: 1
Sold Info
Loan Type: Cash
Loan Years: 30
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile; Other
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Amenities: No Pool
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: >1 Space Per Unit; Free; Paved Parking
Roads/Streets: Private Street
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Projected Proforma
Lockbox Type: Supra (ARMLS)
New Financing: VA; FHA; Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm; Sch of Personal Prop
Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: January - 05 - 2022
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