$505,000
Phoenix, AZ 85040
MLS# 5987744
Status: Closed
1 / 32
Property Description
This is a REAL W/ALL Expenses an 7.87% CAP Rate with all of the correct numbers in. Excellent investment opportunity! Tenants even pay the water-sewer-trash. Quality remodel-how often do you have new electric, new pipes, new hot water heaters, new air-conditioners, new stackable washer and dryers, new cabinets, new bathtubs and tile surround along with new flooring and much more! Look in the Document Tab for info. Drive by only and no interior viewings without an accepted contract.Buyer to verify all facts and figures.
Details
Maps
Documents
Contract Info
Current Price: $505,000
Sold Price: $505,000
Status: Closed
List Date: 2019-10-04
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R35
House Number: 2331
Compass: E
Street Name: PUEBLO
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1440
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 5 ALICIA 3 MCR 009728
Subdivision: ALICIA 3
Assessor's Map #: 35
Assessor's Parcel #: 59
Add'l Parcels: No
Assessor Number: 122-35-059
Legal: LOT 5 ALICIA 3 MCR 009728
Census Tract: 115300
Tax Municipality: Phoenix
Taxes: 1056
Tax Year: 2019
Marketing Name: foruplex
General Property Description
Lot Size Dimensions: 7,318
Year Built: 1961
Uncvrd Parking Spcs: 5
Total # of Units: 4
# of Buildings: 1
Zoning: MULTI
Elementary School: Roosevelt Elementary School
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 24TH Street and Broadway
Directions: North on 24 Street turn west and property is on the south side of the street
Geo Lat: 33.407641
Geo Lon: -112.030787
Status Change Info
Status Change Date: 2020-01-09
Off Market Date: 2019-12-19
Under Contract Date: 2019-12-19
Close of Escrow Date: 2020-01-09
Sold Price: $505,000
Legal Info
Township: 1N
Range: 3E
Section: 22
Lot Number: 5
Income & Expenses
Annual Ins Exp: 1301
Annual Landscape Exp: 300
Annual Maint Exp: 900
Annual Mgmt Exp: 3189
Owner Association: No
Operating Exp: 6746
Gross Annual Sch Inc: 51428
Vacancy Allowance: 0.03
Adjusted Gross Inc: 49885.16
Totl Mnth Rntal Inc: 4245
Net Operating Income: 42915
Pmt & Rate Info
Cap Rate: 7.87
Equity: 545000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1100
Avg SqFt: 740
# Baths: 4
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Partially Fenced; RV/Boat Parking; Cable TV Available; Security Light(s)
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator; Washer/Dryer
Heating: Natural Gas
Cooling: Individual; Central A/C
Water: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: >1 Space Per Unit; Add'l Parking Avail; RV/Boat Parking; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electric; Gas; Trash; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Showing Notification Methods: Text
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed
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: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Rent Roll 12-10-2019 Listing Office: Gerchick Real Estate
Last Updated: June - 12 - 2020
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