Listing ID6185694
Sold For$958,000
StatusClosed
Sold Date4/12/2021
CountyMaricopa
SubdivisionPALO ALTO PARK
Year Built1955
Property TypeMultiple Dwellings
This beautiful paradise for tenants looks to be off the beaten path with full mature landscaping full privacy hedges, banana trees, bougainvillea and so forth.this nearly half acre in Arcadia lite property has a Full Single family house and a four plex! The pool has been closed off to only use in the 3 bedroom house that is currently vacant. This property is a value add dream! Currently four units have been left vacant for the purpose of a sale! Property is on Lockbox call for info! There is a second parcel at 3323 n 40th st if interested in both parcels Owner will sell for 1,800,000.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
PALO ALTO PARK
Year Built
1955
Zoning
R-3
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
621
3 Bedrooms Units # Baths
2
3 Bedrooms Units Avg SqFt
1682
Cooling
Wall/Window Unit(s)
Cooling
yes
Heating
Window/Wall Unit(s), Floor Furnace, Wall Furnace
Heating
yes
Community Features
See Remarks, Pool
Country
US
Elementary School District
Phoenix Elementary District
General Property Description Elementary School District2
Phoenix 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
2N
Water Source
City Franchise, Master Meter
Attached Garage
no
Construction Materials
Brick Veneer, Painted, Adobe, Block
Covered Spaces
3
Electric
APS
General Property Description # of Buildings
2
General Property Description Lot Size Dimensions
0 x 0
General Property Description Total # of Units
5
General Property Description Uncvrd Parking Spcs
8
Lot Size Dimensions
0 x 0
Number Of Buildings
2
Number Of Units Total
5
Open Parking Spaces
8
Parking Total
11
Road Surface Type
Asphalt
Roof
Composition, Tile, Foam
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
4E
Public Survey Section
30
1 Bedroom Units Avg Rent
1200
3 Bedrooms Units Avg Rent
3000
Cap Rate
6.59
Disclosures
None
Gardener Expense
1200
Gross Income
88920
Gross Scheduled Income
93600
Insurance Expense
2000
Listing Terms
No Carry, Conventional
Maintenance Expense
3000
Net Operating Income
69153
Operating Expense
19767
Owner Pays
Other, Trash Collection, Water, Landscaping
Professional Management Expense
7488
Tax Annual Amount
3511
Tax Book Number
127.00
Tax Lot
10
Tax Year
2020
Tenant Pays
Gas, Electricity, Cable TV
Water Sewer Expense
2568
Contact - Listing ID 6185694
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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