$1,700,000
4625-4631 N 12 Avenue
Phoenix, AZ 85013
MLS# 6266410
Status: Closed



4625-4631 N 12 Avenue, Phoenix, AZ 85013
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4625-4631 N 12 Avenue, Phoenix, AZ 85013

Property Description
Excellent investment opportunity located in the highly sought after area of Central Phoenix. This sale includes two building: 4625 & 4631 N 12th Ave. Both are separately parceled. APN#s 155-43-186A & 155-43-187A. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. One Large 3BR & 2BA unit and five 2BR & 2BA units. All units have private storage rooms & there is a 2 car garage for additional revenue. All 2BR rents are currently below market at $1100-$1165. 2 BR Market rents are $1,250-$1350 Buyer to verify all facts and figures.

Details
Maps
Contract Info
Current Price: $1,600,000
Sold Price: $1,600,000
Status: Closed
List Date: 2021-07-18
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P35
House Number: 4625-4631
Compass: N
Street Name: 12
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Country: USA
County Code: Maricopa
Assessor's Map #: 43
Assessor's Parcel #: 186
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Assessor Number: 155-43-186-A
Legal: Legal Description supplied by title to govern
Tax Municipality: Phoenix
Taxes: 2767
Tax Year: 2021
Marketing Name: 6 unites
General Property Description
Lot Size Dimensions: irr
Year Built: 1961
Uncvrd Parking Spcs: 2
Total # of Units: 6
# of Buildings: 3
Zoning: R-3
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Directions: 11 Ave and Camelback Turn South to Highland. Turn West and go to 12 Ave. Turn South and the property is on the East side of the street.
Geo Lat: 33.505
Geo Lon: -112.087662
Status Change Info
Status Change Date: 2021-12-08
Off Market Date: 2021-10-08
Under Contract Date: 2021-10-08
Close of Escrow Date: 2021-12-07
Sold Price: $1,600,000
Legal Info
Lot Number: a
Income & Expenses
Annual Ins Exp: 3165
Annual Maint Exp: 3978
Annual Mgmt Exp: 7055
Annual Wtr/Swr Exp: 3544
Owner Association: No
Annual Other Expense: 1200
Operating Exp: 21709
Gross Annual Sch Inc: 90240
Other Income: 650
Vacancy Allowance: 0.03
Adjusted Gross Inc: 88163.3
Net Operating Income: 66544
Pmt & Rate Info
Cap Rate: 3.91
Equity: 1700000
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 1151
Avg SqFt: 912
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1695
Avg SqFt: 1092
# Baths: 2
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Personal Property
Community Amenities: No Pool; Barbecue
Exterior Amenities: Landscape Wtr System; Partially Fenced; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump; Individual
Water: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: None
Parking: Garage; Carport; Street Parking; Auto Door Opener; Assigned; Free; Paved Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s); Alley
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Lockbox Type: None
New Financing: Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible; Sch of Personal Prop
Environmental: None

Listing Office: Gerchick Real Estate

Last Updated: December - 08 - 2021

4625-4631 N 12 Avenue, Phoenix, AZ 85013 - MLS# 6266410
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