$532,500
Tempe, AZ 85281
MLS# 6106003
Status: Closed
1 / 1
Property Description
FULLY ocupied-$1295 per unit plus pet rent Over the Top finishes and what a beauty! Firepit, Stone BBQ, Stainless Steel Appliances, Wood Grain Tile, Granite and NEW ROOF w/storage rooms & onsite Laundry. 2 Bedroom 2 bath & carport. Artificial Grass w/new Community BBG and Firepit. The perfect modern colors w/an amazing location. Fully Occupied at $1,295 + pet rent. Clear Termite and Clear Inspection Report as well. Buyer to verify all Facts and Figures. All work done by Licensed Contractor 2 year warranty. . Look at the NEW Colorful Sails.
Details
Maps
Contract Info
Current Price: $532,500
Sold Price: $532,500
Status: Closed
List Date: 2020-07-21
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R37
House Number: 1118
Compass: S
Street Name: MCCLINTOCK
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 8517
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 65 BORDEN HOMES MCR 004003
Subdivision: BORDEN HOMES
Assessor's Map #: 61
Assessor's Parcel #: 65
Assessor Parcel Ltr: B
Add'l Parcels: No
Assessor Number: 132-61-065-B
Legal: LOT 65 BORDEN HOMES MCR 004003
Census Tract: 319103
Tax Municipality: Tempe
Taxes: 1262
Tax Year: 2020
Marketing Name: Remodeled Duplex
General Property Description
Lot Size Dimensions: irregular
Year Built: 1970
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: 1
Zoning: Multi
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks & Misc
Cross Street: McClintock and University
Directions: From University go south to 12 Street. turn West and pull into the first driveway. Property is on the East Side of the driveway.
Geo Lat: 33.416474
Geo Lon: -111.909422
Status Change Info
Status Change Date: 2021-01-11
Off Market Date: 2020-12-09
Under Contract Date: 2020-12-09
Close of Escrow Date: 2021-01-11
Sold Price: $532,500
Legal Info
Township: 1N
Range: 4E
Section: 23
Lot Number: 65
Income & Expenses
Annual Ins Exp: 1200
Annual Landscape Exp: 600
Annual Maint Exp: 700
Annual Mgmt Exp: 1440
Annual Wtr/Swr Exp: 1080
Owner Association: No
Operating Exp: 6282
Gross Annual Sch Inc: 31080
Other Income: 300
Vacancy Allowance: 0.03
Adjusted Gross Inc: 30438.6
Net Operating Income: 24156
Pmt & Rate Info
Cap Rate: 4.47
Equity: 540000
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1295
Avg SqFt: 750
# Baths: 2
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Duplex
Construction: Slump Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building; Personal Property
Community Amenities: Barbecue
Exterior Amenities: Green Landscaping; Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Other (See Remarks)
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Other (See Remarks)
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump; Individual
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: Carport; >1 Space Per Unit; Add'l Parking Avail; Free
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s)
Owner Pays: Water; Trash Collection; Cable TV; Landscaping
Tenant Pays: Electric
Source of Fincl Data: Projected Proforma
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm; Sch of Personal Prop; Other (See Remarks)
Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: January - 31 - 2023
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