Listing ID6154019
Sold For$975,000
StatusClosed
Sold Date8/12/2021
CountyMaricopa
SubdivisionCAPITOLA PLACE
Year Built2018
Property TypeMultiple Dwellings
What an amazing opportunity in Central Phoenix! 2 year old block construction features 2 Duplexes for a total of 4 units. These duplexes are identical. Each duplex offers a 3bd/2ba w/ 1438sf & 2bd/1ba w/ 962sf. Total livable area is 4800sf. Absolute attention to every detail! Each home has stunning grey cabinets, beautiful counter tops, stainless steel appliances, high ceilings, all tile flooring, inside laundry, private driveway w/ covered parking. This ideal location is just 1 block from the Phoenix Capitol. Easy access to all of the downtown sports, cultural, and entertainment venues. Close to downtown ASU & UofA. This part of Phoenix is being revamped and is an up and coming area & an excellent investment opportunity.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
CAPITOLA PLACE
Year Built
2018
Zoning
R-5
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
962
3 Bedrooms Units # Baths
2
3 Bedrooms Units Avg SqFt
1438
Cooling
Central A/C, Electric
Cooling
yes
Heating
Electric
Heating
yes
Community Features
No Pool
Country
US
Elementary School
Capitol Elementary School
Elementary School District
Phoenix Elementary District
General Property Description Elementary School
Capitol Elementary School
General Property Description Elementary School District2
Phoenix Elementary District
General Property Description High School
Central High School
General Property Description High School District
Phoenix Union High School District
General Property Description Jr High School
Capitol Elementary School
High School
Central High School
High School District
Phoenix Union High School District
Middle Or Junior School
Capitol Elementary School
Postal City
Phoenix
Township
1N
Water Source
Master Meter
Attached Garage
yes
Construction Materials
Stucco, Block
Covered Spaces
4
Electric
APS
General Property Description # of Buildings
2
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Number Of Buildings
2
Number Of Units Total
4
Open Parking Spaces
4
Parking Assigned
1
Parking Attached
1
Parking Carport
1
Parking Features
Assigned, Add'l Parking Avail, Attached, Common
Parking Total
8
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
3.00
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
6
2 Bedroom Units Avg Rent
930
3 Bedrooms Units Avg Rent
1186
Cap Rate
4.32
Current Financing
Non Assumable
Disclosures
Development Plan Avl
Gardener Expense
1200
Gross Income
50520
Gross Scheduled Income
50520
Insurance Expense
1800
Listing Terms
Conventional
Maintenance Expense
1150
Net Operating Income
42556
Operating Expense
15199.4
Other Expense
1350
Owner Pays
Water, Sewer, None
Professional Management Expense
2054.4
Tax Annual Amount
5885
Tax Book Number
111.00
Tax Lot
18
Tax Year
2019
Tenant Pays
Electricity, Cable TV
Water Sewer Expense
800
Contact - Listing ID 6154019
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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