$500,000
Buckeye, AZ 85326
MLS# 6140219
Status: Closed
1 / 1
Property Description
Stable Tenants and great rents. This is a Turn Key Property that is kept well. NEWER ELECTRICAL PANELS W/PERMITS. New Windows-new new and more new! New Exterior Paint-new Landscaping. The property is fully leased. Look at the Documents tab for a list of multiple items. LOOK AT THE PHOTOS! Buyer to verify all facts and figures. The old SFH was removed with permits. Room to build on the lot. Buyer to verify all facts and figures.
Details
Maps
Contract Info
Current Price: $500,000
Sold Price: $500,000
Status: Closed
List Date: 2020-10-01
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: S24
House Number: 311
Compass: S
Street Name: 2ND
St Suffix: Street
City/Town Code: Buckeye
State/Province: AZ
Zip Code: 85326
Zip4: 2747
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 2 BLOCK 18 BUCKEYE BLK 22-27, 34-36 MCR 002206
Subdivision: BUCKEYE BLK 22-27, 34-36
Assessor's Map #: 27
Assessor's Parcel #: 169
Add'l Parcels: No
Assessor Number: 400-27-169
Legal: LOT 2 BLOCK 18 BUCKEYE BLK 22-27, 34-36 MCR 002206
Census Tract: 50702
Tax Municipality: Buckeye
Taxes: 454
Tax Year: 2020
Marketing Name: 5 Units
General Property Description
Lot Size Dimensions: Rectagular
Year Built: 1950
Uncvrd Parking Spcs: 5
Total # of Units: 5
# of Buildings: 2
Zoning: Multi
Elementary School District: Buckeye Elementary District
High School District: Buckeye Union High School District
Remarks & Misc
Cross Street: Main and Second Street
Directions: Go south from Main property is on the west
Geo Lat: 33.36716
Geo Lon: -112.589611
Status Change Info
Status Change Date: 2021-03-01
Off Market Date: 2020-12-11
Under Contract Date: 2020-12-11
Close of Escrow Date: 2021-03-01
Sold Price: $500,000
Legal Info
Township: 1S
Range: 3W
Section: 5
Block: 18
Lot Number: 2
Income & Expenses
Annual Ins Exp: 2200
Annual Landscape Exp: 600
Annual Maint Exp: 1500
Annual Mgmt Exp: 2880
Annual Wtr/Swr Exp: 3600
Owner Association: No
Operating Exp: 11234
Gross Annual Sch Inc: 42960
Vacancy Allowance: 0.03
Adjusted Gross Inc: 41671.2
Totl Mnth Rntal Inc: 3581
Net Operating Income: 30437
Pmt & Rate Info
Cap Rate: 5.8
Equity: 525000
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 700
Avg SqFt: 500
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 25
Payment Type: Balloon
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Block; Frame - Wood
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property
Community Amenities: No Pool
Exterior Amenities: Cable TV Available; Patio/Balcony; Security Light(s)
Interior Amenities: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Individual; Window/Wall Unit(s)
Cooling: Ceiling Fan(s); Electric; Window/Wall Unit; Individual
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking: >1 Space Per Unit
Roads/Streets: Asphalt; Curb(s) & Gutter(s)
Owner Pays: Water; Landscaping
Tenant Pays: Electric; Gas; Cable TV
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: 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; Other (See Remarks)
Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: March - 01 - 2021
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