Listing ID6144930
Price$575,000
StatusActive
CountyMaricopa
SubdivisionTOWNLEY SQUARE
Year Built1948
Property TypeMultifamily Residential
Property Sub Type5 - 12 Units
Look at the HIGH Rent Roll. FULLY occupied and Property Manager says it practically runs itself. Owner has spent over 100K on rehab! There are 6 units collecting rent with laundry room income in place. 85020 the prices are climbing and the area is a great rental market. All Tile floors, new large hot water heater. New Landscaping along with much more. See the listing of capital improvements. This property is master metered and the lender has a loan. This is non-conforming property. Insurable and financianable. See the Doc tab for current financials and rent roll along with much more. Buyer to verify all facts and figures.
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
High School District Number
205 - Glendale Union High School District
Lot Number
53
Map Code/Grid
M34
Range
3E
School District
006 - Washington Elementary District
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
59752
Annual Electric Expense
4700
Annual Insurance Expense
2200
Annual Landscape Expense
1200
Annual Maintenance Expense
1500
Annual Management Expense
4781
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
61200
Net Operating Income
42444
New Financing
Conventional, No Carry, Other (See Remarks)
Operating Expense
17320
Other Income
400
Owner Pays
Electric, Landscaping, Sewer, Trash Collection, Water
Sale Includes
Land & Building, Personal Property
Tax Municipality
Phoenix
Taxes
613
Tenant Pays
Cable TV
Contact - Listing ID 6144930
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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