$765,000
Phoenix, AZ 85006
MLS# 6127415
Status: Closed
1 / 1
Property Description
Do you want location?Do you want a remodeled 4 plex-turnkey?This property has it all.Even Washer/Dryer combination(new). Goes without saying wood tile floors, dual windows, granite new cabinets, new metal details & metal fence.New parking lot-new BBQ area and the list goes on. Really nice attention to detail. Modern HIP!! 4 units are in lease-up at $1295.See Virtual Tour and Doc Tab for mare info. Buyer to verify all facts & Figures
Details
Maps
Contract Info
Current Price: $765,000
Sold Price: $765,000
Status: Closed
List Date: 2020-09-04
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P35
House Number: 1747
Compass: E
Street Name: VIRGINIA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1425
Country: USA
County Code: Maricopa
Legal Description (Abbrev): GREENFIELD AC TR 2 N2 W2 AS MEAS ALN S LN OF FOL LOT 35 E2 EX N 25' & EX W 25' & EX 5'X5' TRI IN NW
Subdivision: GREENFIELD ACRES TRACT 2
Assessor's Map #: 5
Assessor's Parcel #: 70
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 117-05-070-A
Legal: GREENFIELD AC TR 2 N2 W2 AS MEAS ALN S LN OF FOL LOT 35 E2 EX N 25' & EX W 25' & EX 5'X5' TRI IN NW
Census Tract: 111602
Tax Municipality: Phoenix
Tax District: PHX
Taxes: 1348
Tax Year: 2020
Marketing Name: 4 Plex
General Property Description
Lot Size Dimensions: irr
Year Built: 1971
Uncvrd Parking Spcs: 2
Total # of Units: 4
# of Buildings: 1
Zoning: Multi
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 20th Street/Thomas
Directions: Get on AZ-51 S
Follow AZ-51 S to N 20th St. Take exit 2 from AZ-51 S
Follow N 20th St to E Virginia Ave
2 min (0.6 mi)
1747 E Virginia Ave is on the south side of the street
Geo Lat: 33.476326
Geo Lon: -112.043704
Status Change Info
Status Change Date: 2020-12-15
Off Market Date: 2020-11-21
Under Contract Date: 2020-11-20
Close of Escrow Date: 2020-12-15
Sold Price: $765,000
Legal Info
Township: 2N
Range: 3E
Section: 34
Lot Number: 35
Income & Expenses
Annual Ins Exp: 1143
Annual Landscape Exp: 250
Annual Maint Exp: 950
Annual Mgmt Exp: 3120
Annual Wtr/Swr Exp: 2640
Owner Association: No
Operating Exp: 9451
Gross Annual Sch Inc: 62160
Vacancy Allowance: 0.03
Adjusted Gross Inc: 60295.2
Totl Mnth Rntal Inc: 3180
Net Operating Income: 50844
Pmt & Rate Info
Cap Rate: 6.4
Equity: 795000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1400
Avg SqFt: 690
# Baths: 1
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 6000
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool; Barbecue
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Washer/Dryer
Heating: Natural Gas; Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Carport; Street Parking; 1 Space/Unit; Free; Paved Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s); Alley
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Projected Proforma
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: Treat as Free&Clear
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; Sch of Personal Prop
Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: May - 23 - 2022
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