$800,000
Phoenix, AZ 85013
MLS# 6238575
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. One large 3BR & 2BR unit with two 2BR & 2BA units. There is a 2 car garage and private storage rooms for additional revenue. 3BR rent is $1695 & 2BR rents are currently below market at $1100-$1165. Market 2BR 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: 2021-05-20
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P34
House Number: 4631
Compass: N
Street Name: 12TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 2698
Country: USA
County Code: Maricopa
Subdivision: GRANDVIEW HIGHLANDS
Assessor's Map #: 43
Assessor's Parcel #: 187
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 155-43-187-A
Legal: LOT 14 GRANDVIEW HIGHLANDS MCR 007905
Census Tract: 108902
Tax Municipality: Phoenix
Taxes: 1384
Tax Year: 2021
Marketing Name: Triplex
General Property Description
Lot Size Dimensions: Irr
Year Built: 1961
Uncvrd Parking Spcs: 1
Total # of Units: 3
# of Buildings: 2
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: 33.505262
Geo Lon: -112.087823
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: 12
Income & Expenses
Annual Ins Exp: 1672
Annual Maint Exp: 1200
Annual Mgmt Exp: 3776
Annual Wtr/Swr Exp: 1426
Owner Association: No
Annual Other Expense: 600
Operating Exp: 10058
Gross Annual Sch Inc: 48300
Other Income: 350
Vacancy Allowance: 0.03
Adjusted Gross Inc: 47190.5
Net Operating Income: 37178
Pmt & Rate Info
Cap Rate: 4.37
Equity: 850000
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1163
Avg SqFt: 936
# 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: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Wood
Sale Includes: Land & Building; Personal Property
Community Amenities: No Pool
Exterior Amenities: Separate Storage
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: Carport; Street Parking; >1 Space Per Unit; Free
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; 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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