$660,000
Phoenix, AZ 85041
MLS# 6302858
Status: Closed
1 / 1
Property Description
Nicely redone triplex stable and successful for the Seller. The front unit is vacant and the flooring is being replaced with woodgrain tile. The PM has application already for $1350. This property boasts of a coin operated laundry room, Private yards, dual pane windows, termite warranty, Tile Floors LARGE storage rooms and much more. Buyer to verify all facts and figures. Property will not close until the first of the year due to tax basis. Buyer to verify all facts and figures.
Details
Maps
Contract Info
Current Price: $660,000
Sold Price: $660,000
Status: Closed
List Date: 2021-10-05
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R34
House Number: 732
Compass: W
Street Name: SOUTHGATE
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85041
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 26 BLOCK 4 FRANCES MARGARET SUB. MCR 003119
Subdivision: FRANCES MARGARET SUB.
Assessor's Map #: 2
Assessor's Parcel #: 96
Add'l Parcels: No
Assessor Number: 113-02-096
Legal: LOT 26 BLOCK 4 FRANCES MARGARET SUB. MCR 003119
Census Tract: 114800
Tax Municipality: Phoenix
Taxes: 654
Tax Year: 2021
Marketing Name: Triplex
General Property Description
Lot Size Dimensions: irr
Year Built: 1960
Uncvrd Parking Spcs: 4
Total # of Units: 3
# of Buildings: 2
Zoning: MFAM
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Broadway and 7th Ave
Directions: North on 7th Ave to Southgate and west to property. Property is on the North side of the street
Geo Lat: 33.410148
Geo Lon: -112.083356
Status Change Info
Status Change Date: 2022-03-04
Off Market Date: 2022-01-28
Under Contract Date: 2022-01-27
Close of Escrow Date: 2022-03-04
Sold Price: $660,000
Legal Info
Township: 1N
Range: 3E
Section: 19
Block: 4
Lot Number: 26
Income & Expenses
Annual Ins Exp: 1333
Annual Landscape Exp: 600
Annual Maint Exp: 600
Annual Mgmt Exp: 3617
Annual Wtr/Swr Exp: 1700
Owner Association: No
Operating Exp: 8504
Gross Annual Sch Inc: 46200
Other Income: 400
Vacancy Allowance: 0.03
Adjusted Gross Inc: 45202
Totl Mnth Rntal Inc: 3850
Net Operating Income: 36710
Pmt & Rate Info
Cap Rate: 5.36
Equity: 685000
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1400
Avg SqFt: 900
# Baths: 1
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; Frame - Wood
Const - Finish: Painted; Stucco; Siding
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building; Personal Property
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Partially Fenced; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: Garage; >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; Books Shwn Accpt Ofr
Lockbox Type: Supra (ARMLS)
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 - 04 - 2022
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