$324,000
Phoenix, AZ 85006
MLS# 5938935
Status: Closed
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Property Description
ARE YOU KIDDING A 8% CAP ON ACTUAL-CASH ONLY-GOVERNMENT ASSISTED TENANTS! Do not disturb tenants! Units are occupied by Section 8 tenants. Last one moving in July first-PM says at $885 but this tenant pays their own utilities. See Document tab for copies of financials,permits and scope of work done.This property is an exceptionally well done remodel.All with permits. This is an area that is being re-positioned.The rear unit is fire sprinklered. Please see the photo tab for the photos of the interior of the finished units.NEW air-conditioners,cabinets,electric,plumbing & more See personal property list for appliances
Details
Maps
Documents
Contract Info
Current Price: $324,000
Sold Price: $324,000
Status: Closed
List Date: 2019-06-12
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q35
House Number: 2231
Compass: E
Street Name: TAYLOR
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3975
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 31 BLOCK 2 AVIATION HOMESITES MCR 003101
Subdivision: AVIATION HOMESITES
Assessor's Map #: 1
Assessor's Parcel #: 73
Add'l Parcels: No
Assessor Number: 116-01-073
Legal: LOT 31 BLOCK 2 AVIATION HOMESITES MCR 003101
Census Tract: 113300
Tax Municipality: Phoenix
Tax District: PHX
Taxes: 808
Tax Year: 2017
Marketing Name: Multi Family
General Property Description
Lot Size Dimensions: retangular
Year Built: 1958
Uncvrd Parking Spcs: 6
Total # of Units: 5
# of Buildings: 2
Zoning: Multi
Remarks & Misc
Cross Street: 24 Street and Taylor
Directions: From 24th Street turn West and Property is on the south side of the street.
Geo Lat: 33.45362
Geo Lon: -112.033365
Status Change Info
Status Change Date: 2019-07-17
Off Market Date: 2019-07-02
Under Contract Date: 2019-07-02
Close of Escrow Date: 2019-07-16
Sold Price: $324,000
Legal Info
Township: 1N
Range: 3E
Section: 3
Block: 2
Lot Number: 31
Income & Expenses
Annual Elec Exp: 3800
Annual Ins Exp: 1000
Annual Landscape Exp: 200
Annual Maint Exp: 1382
Annual Mgmt Exp: 3000
Annual Wtr/Swr Exp: 4680
Owner Association: No
Operating Exp: 14870
Gross Annual Sch Inc: 45840
Vacancy Allowance: 0.03
Adjusted Gross Inc: 44464.8
Totl Mnth Rntal Inc: 3978
Net Operating Income: 29574.5
Pmt & Rate Info
Cap Rate: 8.96
Equity: 329900
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 754
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 950
Avg SqFt: 750
# Baths: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Concrete; Ceramic Tile
Sale Includes: Land & Building; Personal Property
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Fire Sprinklers; Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: Street Parking; 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Electric; Trash Collection; Landscaping
Tenant Pays: Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
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: No Carry; Other (See Remarks)
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible; Sch of Personal Prop; Other (See Remarks)
Environmental: None
Copies of Building PErmits Listing Office: Gerchick Real Estate
Last Updated: July - 18 - 2019
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