Listing ID6144930
Price$575,000
StatusActive
CountyMaricopa
SubdivisionTOWNLEY SQUARE
Year Built1948
Property TypeMultifamily Residential
Property Sub Type5 - 12 Units
Property Manager says it practically runs itself. There are 6 units collecting rent with laundry room income in place. In 85020 the prices are climbing, with a great rental market. This is a non-conforming property. Easy to insure. Newer roof, master metered, and easy to maintain landscaping. See the Doc tab for current financials and rent roll along with much more. This is a drive by only property but feel free to walk the property. Buyer to verify all facts and figures. Over 100K in upgrades 6 Units w/ Tenants paying High Rents Master Metered Ceramic Tile or Laminate Flooring Modern Exterior Paint Air Conditioned Units Modern Cabinetry Additional Income from Laundry Room Easy Maintenance Landscaping
County
Maricopa
Property Sub Type
5 - 12 Units
Property Type
Multifamily Residential
Subdivision
TOWNLEY SQUARE
Year Built
1948
Zoning
MFAM
1 Bedroom Units
4
1 Bedroom Units: Average SqFt
300
1 Bedroom Units: Number of Baths
1
Appliances Included
F/S Oven/Range, Refrigerator
Average SqFt
225
Baths
1
Cooling
Ceiling Fan(s), Individual, Window/Wall Unit
Efficiency Units
2
Floors
Ceramic Tile, Vinyl
Heating
Other
Interior Amenities
Fire/Smoke Alarm(s), Mini Blinds, Unfurnished
Total Units
6
Construction
Block, Frame - Wood
Exterior Amenities
Cable TV Available, Desert Landscaping, Partially Fenced
Exterior Finish
Painted, Siding, Stucco
Lot Size Dimensions
irr
Parking
1 Space/Unit, Free
Roads/Streets
Asphalt, Curb(s) & Gutter(s)
Roofing
Comp Shingle, Rolled
Total Parking Spaces
6
Country
USA
Cross Street
Dunlap and 7th Street
Lot Number
53
Map Code/Grid
M34
Range
3E
Section
32
Township
3N
Community Amenities
No Pool
Electric
APS, Master Meter
Entry Timestamp
2020-10-10T06:52:48+00:00
Gas
None
Marketing Name
Multifamily
Owner Association
No
Sewer
Sewer - Public, Sewer-In & Connected
Vacancy Allowance
0.03
Water
City Franchise, Master Meter
1 Bedroom Units: Average Rent
850
Adjusted Gross Income
65281
Annual Electric Expense
4700
Annual Insurance Expense
2200
Annual Landscape Expense
1200
Annual Maintenance Expense
2500
Annual Management Expense
4320
Annual Trash Expense
526
Annual Water/Sewer Expense
1800
Average Rent
850
Contingency Type
No
Financial Data Source
Books Shwn Accpt Ofr, Provided by Owner
Gross Annual Scheduled Income
66900
Net Operating Income
46648
New Financing
Conventional, No Carry, Other (See Remarks)
Operating Expense
18975
Other Income
400
Owner Pays
Electric, Landscaping, Sewer, Trash Collection, Water
Sale Includes
Land & Building, Personal Property
Tax Municipality
Phoenix
Taxes
1729
Tenant Pays
Cable TV
Total Monthly Rental Income
5200
Contact - Listing ID 6144930
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
