$382,000
Phoenix, AZ 85020
MLS# 6215031
Status: Closed
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Property Description
This is a really nice duplex in North Phoenix. The bonus is there is a lot that may hold a smaller single family new build. Both units have been updated and it is fully occupied with Stable Tenants. Please look at the Document tab for the Due Diligence and under the photos is the virtual tour. This property has been updated in 2020. Buyer to verify all facts and figures.
Details
Maps
Contract Info
Current Price: $382,000
Sold Price: $382,000
Status: Closed
List Date: 2021-04-01
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: M34
House Number: 1229
Compass: E
Street Name: MOUNTAIN VIEW
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 6232
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 5 TAYLOR TERRACE TRACT MCR 003734
Subdivision: TAYLOR TERRACE TRACT
Assessor's Map #: 31
Assessor's Parcel #: 22
Add'l Parcels: No
Assessor Number: 159-31-022
Legal: LOT 5 TAYLOR TERRACE TRACT MCR 003734
Census Tract: 104702
Tax Municipality: Phoenix
Taxes: 599
Tax Year: 2020
Marketing Name: Duplex
General Property Description
Lot Size Dimensions: 8100
Year Built: 1949
Uncvrd Parking Spcs: 8
Total # of Units: 2
# of Buildings: 1
Zoning: [R-6] RESIDENTI
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: Dunlap / 7th Street
Directions: At the intersection go to Cave Creek Rd and go north to Mountain View RD
Turn East and property is on the south side of the road. The excess land sits on 12 Street.
Geo Lat: 33.574629
Geo Lon: -112.055564
Status Change Info
Status Change Date: 2021-08-17
Off Market Date: 2021-07-16
Under Contract Date: 2021-07-15
Close of Escrow Date: 2021-08-17
Sold Price: $382,000
Legal Info
Township: 3N
Range: 3E
Section: 28
Lot Number: 5
Income & Expenses
Annual Ins Exp: 600
Annual Maint Exp: 1000
Annual Mgmt Exp: 2206
Annual Wtr/Swr Exp: 1500
Owner Association: No
Operating Exp: 5905
Gross Annual Sch Inc: 22740
Vacancy Allowance: 0.03
Adjusted Gross Inc: 22057.8
Totl Mnth Rntal Inc: 1895
Net Operating Income: 16153
Pmt & Rate Info
Cap Rate: 4.2
Equity: 384500
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 950
Avg SqFt: 584
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1095
Avg SqFt: 953
# Baths: 1
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: Block; Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Personal Property; Other (See Remarks)
Community Amenities: No Pool; Other; See Remarks
Appliances Included: BI Oven/Range; Refrigerator; W/D Hookup
Heating: Heat Pump
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: >1 Space Per Unit
Roads/Streets: Gravel; Dirt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas
Source of Fincl Data: Provided by Owner
Lockbox Type: None
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: 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; No Carry
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible; Sch of Personal Prop
Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: August - 17 - 2021
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