$800,000
Phoenix, AZ 85013
MLS# 6238559
Status: Closed
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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. $1,700,000 portfolio must buy both buildings and can qualify for commercial or two separate conventional loans at $850,000 each. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. All large 2BR & 2BA units. All units have private storage rooms for additional revenue. All rents are currently below market at $1100-$1165. Market rents are $1,250-$1350. Buyer to verify all Facts and Figures
Details
Maps
Contract Info
Current Price: $800,000
Sold Price: $800,000
Status: Closed
List Date: 2021-05-14
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P35
House Number: 4625
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: No
Assessor Number: 155-43-186-A
Legal: Legal Description supplied by Title to govern
Tax Municipality: Phoenix
Taxes: 1383
Tax Year: 2021
Marketing Name: Triplex
General Property Description
Lot Size Dimensions: irregular
Year Built: 1961
Uncvrd Parking Spcs: 1
Total # of Units: 3
# of Buildings: 1
Zoning: R-3
Flood Zone: No
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 11 Ave and Camelback
Directions: Turn South to Highland. Turn West and go to 12 Ave. Turn South and property is on the East side of the street.
Geo Lat: 33.505003
Geo Lon: -112.087673
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: $800,000
Legal Info
Lot Number: 13
Income & Expenses
Annual Ins Exp: 1493
Annual Maint Exp: 2778
Annual Mgmt Exp: 3279
Annual Wtr/Swr Exp: 2118
Owner Association: No
Annual Other Expense: 600
Operating Exp: 11651
Gross Annual Sch Inc: 41940
Other Income: 300
Vacancy Allowance: 0.03
Adjusted Gross Inc: 40972.8
Net Operating Income: 29366
Pmt & Rate Info
Cap Rate: 3.45
Equity: 850000
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1145
Avg SqFt: 887
# 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: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Wood
Sale Includes: Land & Building; Personal Property
Community Amenities: No Pool
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Heat Pump
Cooling: Ceiling Fan(s); Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: Carport; >1 Space Per Unit; Free; Paved Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Alley
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
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
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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