$340,000
Phoenix, AZ 85014
MLS# 5890646
Status: Closed
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Property Description
Perfect build opportunity for those rehabbers who can't find anything in the market right now. The property has a ton of land for additional units, and is currently bringing in $1,095 per unit for the units recently rehabbed. The property is clean and updated, and zoned and ready for additional units to capitalize on the available space. Should I go on with the NEW NEW ! Do not disturb tenants.View the Document tab for additional information and look at the photos! Viewings ONLY on accepted contract! Buyer to verify all facts and figures.
Details
Maps
Documents
Contract Info
Current Price: $340,000
Sold Price: $340,000
Status: Closed
List Date: 2019-03-02
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P34
House Number: 4133
Compass: N
Street Name: LONGVIEW
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4949
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LONGVIEW PL MCR 5-4 LOT 5 BLK 3 COM NW COR SD LOT & TPOB TH E 176.40F TH S 62.53F TH W 176.26F TH N
Subdivision: LONGVIEW PLACE BLK 2 & 3 LOTS 8-12
Assessor's Map #: 5
Assessor's Parcel #: 77
Assessor Parcel Ltr: B
Add'l Parcels: No
Assessor Number: 155-05-077-B
Legal: LONGVIEW PL MCR 5-4 LOT 5 BLK 3 COM NW COR SD LOT & TPOB TH E 176.40F TH S 62.53F TH W 176.26F TH N
Census Tract: 108601
Tax Municipality: Maricopa - COUNTY
Taxes: 1075
Tax Year: 2019
Marketing Name: Duplex
General Property Description
Lot Size Dimensions: 175x62
Year Built: 2000
Uncvrd Parking Spcs: 6
Total # of Units: 2
# of Buildings: 1
Zoning: R-3, M-M
Elementary School: Montecito Community School
Jr. High School: Osborn Middle School
High School: North High School
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Indian School Road and 12 Street
Directions: From Indian School turn North on Longview and the Property is on the east side of the road
Geo Lat: 33.496091
Geo Lon: -112.053907
Status Change Info
Status Change Date: 2020-01-31
Off Market Date: 2019-12-22
Under Contract Date: 2019-12-22
Close of Escrow Date: 2020-01-31
Sold Price: $340,000
Legal Info
Township: 2N
Range: 3E
Section: 21
Block: 3
Lot Number: 5
Income & Expenses
Annual Ins Exp: 591
Annual Landscape Exp: 400
Annual Mgmt Exp: 1440
Annual Wtr/Swr Exp: 1200
Owner Association: No
Operating Exp: 4706
Gross Annual Sch Inc: 26280
Adjusted Gross Inc: 26280
Net Operating Income: 21000
Pmt & Rate Info
Cap Rate: 5.85
Equity: 359000
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 425
Avg SqFt: 400
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 550
Avg SqFt: 470
# Baths: 1
Sold Info
Loan Type: VA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 5800
Seller Concession $/%: $
Property Features
Project Type: Duplex
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: W/D Hookup
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: Carport; <1 Space Per Unit; Add'l Parking Avail
Roads/Streets: Asphalt
Owner Pays: Water
Tenant Pays: Sewer; Electric; Trash
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
Reports/Disclosures: None
Environmental: None
Schedule of Personal Property Listing Office: Gerchick Real Estate
Last Updated: January - 31 - 2020
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