Listing ID6180387
Sold For$1,675,000
StatusClosed
Sold Date7/30/2021
CountyMaricopa
SubdivisionBLACK CANYON HEIGHTS
Year Built1983
Property TypeMultiple Dwellings
This 12 unit property is an investor's dream! 100% occupied and all units are 2 bedroom 2 baths. Units average 864 square feet. There have been major renovations in the last few years. Property is performing well and there is room for upside.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
BLACK CANYON HEIGHTS
Year Built
1983
Zoning
Multi
2 Bedroom Units # Baths
2
2 Bedroom Units Avg SqFt
864
Cooling
Central A/C, Individual, Ceiling Fan(s)
Cooling
yes
Heating
Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
South on 23rd Ave West on Lone Cactus, on the north side of the street
Elementary School District
Deer Valley Unified District
General Property Description Elementary School District2
Deer Valley Unified District
General Property Description High School District
Deer Valley Unified District
High School District
Deer Valley Unified District
Postal City
Phoenix
Township
4N
Water Source
City Franchise, Master Meter
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Wood
Electric
APS
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
13094
General Property Description Total # of Units
12
General Property Description Uncvrd Parking Spcs
15
Lot Size Dimensions
13094
Number Of Buildings
1
Number Of Units Total
12
Open Parking Spaces
15
Parking Features
Paved Parking, >1 Space Per Unit
Parking Total
15
Road Surface Type
Asphalt
Roof
Rolled/Hot Mop
Sewer
Public Sewer
Mls Status
Closed
Public Survey Range
2E
Public Survey Section
24
2 Bedroom Units Avg Rent
900
Cap Rate
5.57
Current Financing
Not Applicable
Disclosures
Seller Prop Disc Stm
Electric Expense
2400
Gardener Expense
1200
Gross Income
123120
Gross Scheduled Income
129600
Insurance Expense
3500
Listing Terms
Conventional, 1031 Exchange
Net Operating Income
98846
Operating Expense
24274
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
3874
Tax Book Number
209.00
Tax Lot
23
Tax Year
2020
Tenant Pays
Electricity, Cable TV
Trash Expense
4400
Water Sewer Expense
8500
Contact - Listing ID 6180387
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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