Listing ID6170128
Sold For$389,000
StatusClosed
Sold Date4/20/2021
CountyMaricopa
SubdivisionROOSEVELT PLACE
Year Built1975
Property TypeMultiple Dwellings
DO NOT DISTURB THE TENANTS! Amazing Investment! newly remodeled 3 bedroom 2 bathroom house with 2 additional income units in South Phoenix with a 2 bedroom side unit with a separate entrance and a detached 2 bedroom 1 bath unit in the back. $2800 current gross rents with room to increase! Side and back unit rents are still low and can be raised especially with some cosmetic upgrades. Facts and figures approximate, buyer to verify all information.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
ROOSEVELT PLACE
Year Built
1975
Zoning
[R-5] Multiple
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
700
3 Bedrooms Units # Baths
1
3 Bedrooms Units Avg SqFt
900
Cooling
Central A/C, Individual, Wall/Window Unit(s)
Cooling
yes
Heating
Heat Pump, Window/Wall Unit(s), Natural Gas
Heating
yes
Community Features
No Pool
Country
US
Directions
South on central towards baseline. right on fremont
Elementary School District
Roosevelt Elementary District
General Property Description Elementary School District2
Roosevelt Elementary District
General Property Description High School District
Phoenix Union High School District
High School District
Phoenix Union High School District
Postal City
Phoenix
Township
1N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Wood
Covered Spaces
2
Electric
SRP
General Property Description # of Buildings
2
General Property Description Lot Size Dimensions
8989 square feet
General Property Description Total # of Units
3
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
8989 square feet
Number Of Buildings
2
Number Of Units Total
3
Open Parking Spaces
4
Parking Carport
1
Parking Features
Add'l Parking Avail, >1 Space Per Unit, Street Parking, Common
Parking Total
6
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
32
2 Bedroom Units Avg Rent
700
3 Bedrooms Units Avg Rent
1500
Cap Rate
7.71
Disclosures
Other (See Remarks)
Electric Expense
3000
Fuel Expense
600
Gross Income
32300
Gross Scheduled Income
34000
Listing Terms
CTL, 1031 Exchange, FHA, VA Loan
Maintenance Expense
1500
Net Operating Income
26900
Operating Expense
8020
Owner Pays
See Remarks, Gas, Electricity, Trash Collection, Water
Professional Management Expense
2000
Tax Annual Amount
920
Tax Book Number
114.00
Tax Lot
17
Tax Year
2020
Tenant Pays
See Remarks
Contact - Listing ID 6170128
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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