$650,000
Phoenix, AZ 85009
MLS# 6360595
Status: Closed
1 / 1
Property Description
If you desire to obtain a stabilized 4 plex-HERE it is. New landscaping and a several other upgrades have been completed. ALL tenants have washers and dryers along with private backyards. Ceramic tile floors and Dual Pane windows. Buyer to verify ALL facts and figures. Washer and Dryer in each unit Individually metered for Electric Individual Air Conditioners Private Fenced Backyard Wood Grained Tile 2 in faux wood blinds New Landscaping
Details
Maps
Contract Info
Current Price: $650,000
Sold Price: $650,000
Status: Closed
List Date: 2022-02-25
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q33
House Number: 110
Compass: N
Street Name: 33RD
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 4758
Country: USA
County Code: Maricopa
Legal Description (Abbrev): WORMSERS ADD LOT 1 BLK 2 N2 OF S2 S2 EX S 19.125' & EX W 190' & EX E 5' & ALSO S 8.25' S2 N2 S2
Subdivision: WORMSERS ADDITION BLOCK 4
Assessor's Map #: 38
Assessor's Parcel #: 2
Add'l Parcels: No
Assessor Number: 109-38-002
Legal: WORMSERS ADD LOT 1 BLK 2 N2 OF S2 S2 EX S 19.125' & EX W 190' & EX E 5' & ALSO S 8.25' S2 N2 S2
Census Tract: 114500
Tax Municipality: Phoenix
Tax District: PHX
Taxes: 604
Tax Year: 2022
Marketing Name: Fourplex
General Property Description
Lot Size Dimensions: 69 x 113
Year Built: 1953
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 2
Zoning: R-4
Flood Zone: TBD
Elementary School: William R Sullivan Elementary School
Jr. High School: William R Sullivan Elementary School
High School: Carl Hayden High School
Elementary School District: Murphy Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 33rd Avenue and McDowell
Directions: Turn south and property is on the West side of the street
Geo Lat: 33.449896
Geo Lon: -112.130548
Status Change Info
Status Change Date: 2023-08-16
Off Market Date: 2023-04-28
Under Contract Date: 2023-04-27
Close of Escrow Date: 2023-08-15
Sold Price: $650,000
Legal Info
Township: 1N
Range: 2E
Section: 11
Block: 2
Lot Number: 1
Income & Expenses
Annual Ins Exp: 1060
Annual Landscape Exp: 1200
Annual Maint Exp: 1000
Annual Mgmt Exp: 2880
Annual Wtr/Swr Exp: 2400
Owner Association: No
Operating Exp: 9144
Gross Annual Sch Inc: 53340
Vacancy Allowance: 0.03
Adjusted Gross Inc: 51739.8
Net Operating Income: 42596
Pmt & Rate Info
Cap Rate: 6.41
Equity: 665000
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 833
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1100
# Baths: 1
Sold Info
Loan Type: VA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 5000
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Other Type: Packaged Offering
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Fenced
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator; Washer/Dryer
Heating: Individual; Central; Heat Pump; Window/Wall Unit(s)
Cooling: Electric; Window/Wall Unit; Individual; Central A/C; 2 or More Units
Water: Individual Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking: Carport; Street Parking; 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Gas; Trash Collection
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma
Special: Owner/Agent
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Private
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
New Financing: VA; FHA; Conventional; No Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: August - 16 - 2023
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