Listing ID6195484
Sold For$790,000
StatusClosed
Sold Date5/28/2021
CountyMaricopa
SubdivisionPEORIA BLKS 15-16, 24-28, & 33, 34
Year Built1935
Property TypeMultiple Dwellings
Location Location Location, Down town Peoria! Close to everything, Easy access grand ave/ 101.
Great investment complex with LONG term renters! 4 building (2 built 1935, 2 built 1961) Total of 9 units, one building with 2 car garage & storage.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
PEORIA BLKS 15-16, 24-28, & 33, 34
Year Built
1935
Zoning
04-02 Rental Re
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
450
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
700
Cooling
Individual, Electric, Evaporative Cooling
Cooling
yes
Efficiency Units # Baths
1
Efficiency Units # Efficiency Units
1
Efficiency Units Avg SqFt
300
Heating
Natural Gas
Heating
yes
Community Features
Other, No Pool
Country
US
Directions
South to Madison, East to the complex.
Elementary School
Alta Loma School
Elementary School District
Peoria Unified School District
General Property Description Elementary School
Alta Loma School
General Property Description Elementary School District2
Peoria Unified School District
General Property Description High School
Peoria High School
General Property Description High School District
Peoria Unified School District
General Property Description Jr High School
Alta Loma School
High School
Peoria High School
High School District
Peoria Unified School District
Middle Or Junior School
Alta Loma School
Postal City
Peoria
Township
3N
Water Source
City Franchise
Construction Materials
Painted, Block, Frame - Metal, Frame - Wood
Electric
APS
Garage
yes
General Property Description # of Buildings
4
General Property Description Flood Zone
No
General Property Description Lot Size Dimensions
14000
General Property Description Total # of Units
9
General Property Description Uncvrd Parking Spcs
12
Lot Size Dimensions
14000
Number Of Buildings
4
Number Of Units Total
9
Open Parking Spaces
12
Parking Garage
1
Parking Total
12
Road Surface Type
Gravel, Dirt, Asphalt, Alley
Roof
Composition, Built-Up, Rolled/Hot Mop
Sewer
Sewer-In & Connected, Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
1E
Public Survey Section
26
1 Bedroom Units Avg Rent
600
2 Bedroom Units Avg Rent
600
Cap Rate
6.04
Disclosures
Seller Prop Disc Stm
Efficiency Units Avg Rent
300
Electric Expense
672
Fuel Expense
420
Gross Income
60180
Gross Scheduled Income
60180
Listing Terms
Conventional
Maintenance Expense
1800
Net Operating Income
51912
Operating Expense
10790
Owner Pays
Gas, Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
2522
Tax Block
29
Tax Book Number
142.00
Tax Lot
15
Tax Year
2020
Tenant Pays
Gas, Electricity
Water Sewer Expense
5376
Contact - Listing ID 6195484
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker